Apex Treasury Corp (NASDAQ: APXT) is a blank check company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, or similar business combination with one or more target businesses. The company generates no operating revenue. It raised $344,700,000 in its IPO, which closed October 29, 2025, at $10.00 per Unit, with proceeds held in a Trust Account invested in U.S. government treasury obligations with maturities of 185 days or less or qualifying money market funds. The company was incorporated on June 26, 2025 (inception). Operating costs are funded outside the Trust Account, with the Sponsor providing up to $300,000 via promissory note as of June 30, 2025, and receiving $20,000 per month for office space and administrative support. The Chief Financial Officer receives $10,000 per month for services. APXT has no operating history, no identified acquisition target as of the filing date, and no off-balance sheet arrangements as of December 31, 2025.

Revenue model

No operating revenue. Income is limited to interest earned on Trust Account assets. Monthly fees are paid out to the Sponsor ($20,000) and CFO ($10,000) from funds held outside the Trust Account.

Products and services

Trust Account holding $344,700,000 in U.S. government treasury obligations or qualifying money market funds (as of IPO close, October 29, 2025). Class A Ordinary Shares and warrants, including Public Warrants and Private Placement Warrants.

Customers and end markets

Public shareholders hold Class A Ordinary Shares and have redemption rights tied to Trust Account proceeds. No operating customers or end markets identified in the filing.

Value-chain role

Special purpose acquisition company (SPAC). Raises capital via IPO, holds proceeds in trust, and seeks to identify and consummate an initial Business Combination with an unidentified target business.

Geographic exposure

No geographic operating exposure disclosed. The company is a Cayman Islands-incorporated entity listed on Nasdaq.

Source: SEC 10-K, filed 2026-03-26

Industry: Blank Checks