APEX Tech Acquisition, a blank check company formed by Chinese manufacturing executives targeting US businesses, filed on Thursday with the SEC to raise up to $60 million in an initial public offering.
The company plans to raise $60 million by offering 6 million units at $10. Each unit consists of one share of common stock and one right to receive one-sixth of one share upon the completion of an initial business combination.
APEX Tech Acquisition is led by CEO, CFO, and Chairman Shaoren Liu, the former Chairman of Wafangdian Golden Orient Bearing Manufacturing. The SPAC plans to target businesses with principal operations in the US, near-term potential to generate strong cash flow, disruptive or leading competitive technology, and talented management teams, among other characteristics.
The Houston, TX-based company was founded in 2025 and plans to list on the Nasdaq under the symbol TRADU. A.G.P. is the sole bookrunner on the deal.
