Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share. The offering included the issuance of 4,470,000 units as a result of the underwriters’ partial exercise of their over-allotment option.
Apex’s securities are listed on the Nasdaq Stock Market LLC under the symbols “APXTU” (units), “APXT” (Class A ordinary shares), and “APXTW” (warrants).
Appleby advised on the Cayman Islands legal aspects of the transaction, drawing on the firm’s strong track record in SPAC IPOs and capital markets regulation. The team was led by Counsel Alexandra Low, with Partner Simon Raftopoulos, Paralegal Sophia Cunningham and other members of the corporate team.
Appleby continues to play a key role in major SPAC and public-market matters worldwide.
