APEX Tech Acquisition closes NYSE IPO, raises about $112 million for deals

APEX Tech Acquisition Inc. closed its initial public offering after a partial exercise of an over‑allotment option, selling 11,197,131 units at $10.00 each for aggregate gross proceeds of $111,971,310, the company announced. The units began trading on the New York Stock Exchange under the ticker TRADU on Feb. 26, 2026, giving the blank check company roughly $112 million in capital to pursue an initial business combination.

"APEX Tech Acquisition Inc., a blank check company incorporated in the Cayman Islands as an exempted company (the 'Company'), today announced the closing of its initial public offering of 11,197,131 units, including partial exercise of an over‑allotment option, at $10.00 per unit for aggregate gross proceeds to the Company of $111,971,310," the company said in its closing release. Each unit comprises a share and a contingent right; "Each unit consists of one ordinary share and one right to receive one‑fourth (1/4) of one ordinary share upon the consummation of an initial business combination," the release added.

APEX priced the IPO in line with its prospectus, which originally reflected a 10,000,000 unit offering at $10 per unit, a $100.0 million base raise. The larger closing total reflects a partial exercise of the underwriters' over‑allotment option, though the filings and press excerpts do not specify the original option size or underwriting fees. A registration statement on Form S‑1 (File No. 333‑291936) was declared effective by the SEC on Feb. 25, 2026, and the company issued its closing press release dated Feb. 28, 2026.

The SPAC is organized under Cayman Islands law and lists a Houston address, having been formed in 2025 with no reported employees or operating revenues to date. Its filings identify Shaoren Liu as chief executive officer, chief financial officer and chairman; Renaissance Capital notes Mr. Liu was formerly chairman of Wafangdian Golden Orient Bearing Manufacturing. Iposcoop’s prospectus summary says the CEO is based in the People’s Republic of China and that other officers and directors have significant ties to the PRC.

Alliance Global Partners served as sole book‑running manager for the offering. The prospectus states that once the unit components begin separate trading, the ordinary shares and the rights are expected to trade on the NYSE under the symbols TRAD and TRADR, respectively.

APEX’s stated search focus is on identifying a U.S.‑based company for a business combination, with target criteria that include principal U.S. operations, near‑term cash flow potential, disruptive or leading competitive technology and experienced management teams, according to investor summaries filed with the SEC. That positioning places APEX squarely in the cohort of SPACs formed by executives with China ties who are targeting U.S. assets.

Raising roughly $112 million gives APEX a material pool of capital to pursue buyouts or mergers, but it also starts a clock for managers to identify an acceptable target and persuade public investors of the deal’s value. Investors and advisors will watch when the units separate and whether the sponsor deploys the proceeds into a deal that satisfies the growth and cash‑flow profile outlined in the prospectus.