Apex Treasury Corp., a special purpose acquisition company with its sights locked on blockchain and crypto treasury ventures, has officially filed plans for a $250 million initial public offering — setting the stage for a high-stakes hunt in the digital economy.
In a Monday filing with the U.S. Securities and Exchange Commission, the Vero Beach, Florida-based SPAC revealed its blueprint: 25 million units at $10 each, with each unit carrying one share of common stock and half a warrant, exercisable at $11.50.
Strategic Counsel and Legal Firepower
Guiding Apex Treasury’s leap into public markets are heavy-hitters in corporate law: Perkins Coie LLP for U.S. counsel, Appleby (Cayman) Ltd. for Cayman Islands advice, and Pillsbury Winthrop Shaw Pittman LLP advising the underwriters.
SPACs, often called blank-check companies, operate as cash-rich shells, raising funds to acquire a private entity and usher it into public markets.
A Global Treasure Hunt with Guardrails
While Apex Treasury hasn’t yet locked in a merger target, its radar is tuned to blockchain and digital assets, crypto treasuries, AI, B2B software, data services, renewable energy, and build-to-rent real estate. The hunt could be global or domestic, but one thing’s clear: they will steer clear of “excessively leveraged” acquisitions.
