Apex Treasury, a blank check company targeting blockchain, crypto treasury, and other industries, raised $300 million by offering 30 million units at $10.00. The company offered 5 million more units than anticipated. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.
Apex Treasury is led by Co-CEO and Chairman Ajmal Rahman, the former CEO of UK-based biotech Antev, and Co-CEO and Director Hugh Cochrane, the co-founder of Cryptogon EOS LP, a venture fund focused on projects that will utilize the EOS blockchain protocol. The SPAC plans to target the blockchain & digital assets, crypto treasury strategies, AI, B2B software, data services, renewable energy, and build-to- rent real estate assets sectors.
Apex Treasury plans to list on the Nasdaq under the symbol APXTU. Cohen & Company Securities acted as sole bookrunner on the deal.
