Alpex Acquisition, a blank check company led by Chinese executives targeting next-gen technologies, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock, one warrant exercisable at $11.50, and one right to receive one-fourth of a share at the time of the business combination.
Alpex Acquisition is led by CEO and Chairwoman Xiaolin Zheng, who previously served as a Partner at CE Innovation Capital. The SPAC plans to focus on sectors where management has a demonstrated track record of successful investments, including digital entertainment, interactive media, e-commerce ecosystems, and next-generation technologies such as AI-driven applications and smart hardware.
The Wilmington, DE-based company will trade on the Nasdaq under the symbol ALPXU. D. Boral Capital acted as sole bookrunner on the deal.
