Apex Treasury Corp

Apex Treasury Corp (APXT) is a blank-check company (SPAC) that raised $300M in its initial public offering on Oct 28, 2025, listing on Nasdaq Global Market. It agreed to combine with TECfusions, Inc., announced on Jul 22, 2026, at a stated value of $4B. The deal has not closed yet. Perkins Coie advised the SPAC and Pillsbury Winthrop Shaw Pittman advised the underwriters on the IPO.

TECfusions is an AI infrastructure company that designs, builds and leases next-generation data centers. It focuses on delivering AI-ready capacity while advancing environmental redevelopment and local community outcomes, and has agreed a business combination with Apex Treasury Corp.

Status

Deal announced

Ticker

APXT

IPO date

Oct 28, 2025

IPO size

$300M

IPO exchange

Nasdaq Global Market

Target

TECfusions, Inc.

Target sector

AI/Software

Announced

Jul 22, 2026

Stated deal value

$4B

Combined company

TECfusions (TECF)

SPAC counsel (IPO)

Perkins Coie and Appleby

Underwriters' counsel (IPO)

Pillsbury Winthrop Shaw Pittman