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News  ›  Benzinga

Apex Treasury Corporation Announces Closing of Upsized $344.7 Million Initial Public Offering Including Exercise of Underwriters' Over-Allotment Option

Benzinga Logo Benzinga By Globe Newswire
Apex Treasury Corporation Announces Closing of Upsized $344.7 Million Initial Public Offering Including Exercise of Underwriters' Over-Allotment Option

Apex Treasury Corporation completed its initial public offering of 34,470,000 units at $10.00 per unit, raising $344.7 million. The offering included an over-allotment option and a concurrent private placement of warrants, with plans to focus on digital asset sector opportunities.

Insights
JPMpC   positive

Added $50 billion buyback effort and benefiting from Federal Reserve's flexible shareholder reward policies


COHN   neutral

Acted as sole book-running manager for the IPO and purchased private placement warrants, indicating a standard business transaction