Apex Treasury II, a blank check company targeting AI infrastructure, energy, defense, space, and fintech, filed on Tuesday with the SEC to raise up to $250 million in an initial public offering.
The company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock, and one-third of one warrant to purchase a share, exercisable at $11.50.
Apex Treasury II is led by Co-CEO and Chairman Ajmal Rahman, the former CEO of UK biotech Antev, and Co-CEO and Director Hugh Cochrane, the Managing Director of blockchain investment firm Cryptogon Management. Rahman and Cochrane also serve as Co-CEOs of SPAC Apex Treasury (APXT; +1.6% from $10 offer price), which has a pending combination with TECfusions. They are joined by CFO Paul Sykes, the CFO of Apex Treasury and former CFO of Springbig Holdings (formerly Nasdaq: SBIG).
The SPAC plans to target businesses in the AI infrastructure, critical minerals, nuclear power, defense, digital assets, space, fintech, and frontier technologies sectors.
The Vero Beach, FL-based company was founded in 2026. It plans to list on the Nasdaq under the symbol APTTU. Cohen & Company Securities is the sole bookrunner on the deal.
