Apex Technology Acquisition, a blank check company targeting a software or internet technology business, filed on Thursday with the SEC to raise up to $275 million in an initial public offering.
The Burlingame, CA-based company plans to raise $275 million by offering 27.5 million units at a price of $10, where it would command a market value of $351 million. Each unit consists of one share of common stock and one-half of one warrant; each whole warrant can be used to purchase a share of stock at $11.50.
Apex Technology Acquisition was founded in 2019 and plans to list on the Nasdaq under the symbol APTX.U. The blank check company filed confidentially on July 16, 2019. Cantor Fitzgerald is the sole bookrunner on the deal.
