Company: APXT
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0001213900-25-118842
Chunk: 69

Company: Apex Treasury Corp
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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 Risk Factors section of the Company’s final prospectus for its Initial Public Offering filed with
the U.S. Securities and Exchange Commission (the “SEC”). The Company’s securities filings can be accessed on the SEC’s
website at www.sec.gov. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Overview

We are a blank check company incorporated in the
Cayman Islands on June 26, 2025. We are formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with one or more businesses. We may pursue an initial Business Combination
in any business or industry but expect to target opportunities and companies that are in the blockchain & digital assets, crypto
treasury strategies, AI, B2B software, data services, renewable energy, and build-to-rent real estate assets sectors. We are an early
stage and emerging growth company and, as such, we are subject to all of the risks associated with early stage and emerging growth companies.

We expect to continue to incur significant costs
in the pursuit of our acquisition plans. We cannot assure you that our plans to complete a Business Combination will be successful.

Results of Operations

We have neither engaged in any operations nor
generated any revenues to date. Our only activities from June 26, 2025 (inception) through September 30, 2025 were organizational
activities, those necessary to prepare for the Initial Public Offering, described below, and, after our Initial Public Offering, identifying
a target company for a Business Combination. We do not expect to generate any operating revenues until after the completion of our Business
Combination. Subsequent to the Initial Public Offering, we generate non-operating income in the form of interest income on marketable
securities held in the Trust Account. We incur expenses as a result of being a public company (for legal, financial reporting, accounting
and auditing compliance), as well as for due diligence expenses.

For the three months ended September 30, 2025,
we had a net loss of $49,424, which consists of formation, general, and administrative costs.

For the period from June 26, 2025 (inception)
through September 30, 2025, we had a net loss of $68,198, which consists of formation, general