Apex Technology Acquisition Corporation Announces Closing of $350,000,000 Initial Public Offering
Apex Technology Acquisition Corporation - Unit (APXTU)
Company Research
Source: GlobeNewswire
New York, NY, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Apex Technology Acquisition Corporation (NASDAQ: APXTU) (the “Company”) announced today that it closed its initial public offering of 35,000,000 units, including 4,500,000 units issued pursuant to the exercise by the underwriter of its over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $350,000,000. The Company’s units are listed on the Nasdaq Capital Market (“Nasdaq”) and commenced trading under the ticker symbol “APXTU” on September 17, 2019. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants will trade and are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be traded on Nasdaq under the s
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