APEX Tech Acquisition, a blank check company formed by Chinese manufacturing executives targeting US businesses, raised the proposed deal size for its upcoming IPO on Tuesday.
The Houston, TX-based company now plans to raise $100 million by offering 10 million units at a price of $10. The company had previously filed to raise $60 million by offering 6 million units at the same price. Each unit consists of one share of common stock and one right to receive one-sixth (1/6) of one ordinary share upon the consummation 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.
APEX Tech Acquisition 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.
