Alpex Acquisition prices 11.5M units in $115M IPO, places $115M in trust

Alpex Acquisition consummated an 11,500,000-unit IPO raising $115,000,000 and placed $115,000,000 in a trust account.Key Highlights:Original SEC Filing: Alpex Acquisition Corp [ ALPXU ] - 8-K - Jul. 02, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifying important inf…

Alpex Acquisition consummated an 11,500,000-unit IPO raising $115,000,000 and placed $115,000,000 in a trust account.

Key Highlights:

Sold 11,500,000 units at $10.00 each, including full 1,500,000 over-allotment, generating $115,000,000 gross proceeds.
Concurrently sold 187,500 private units to Sponsor Hugreat Ltd for $1,875,000; $1,800,000 of that was deposited to the trust.
$115,000,000 of offering proceeds placed in U.S.-based trust held by Equiniti Trust Company, LLC for public shareholders.
Each unit includes one Class A share, one warrant (exercise $11.50) and one right (1/4 share on business combination); warrants and rights classified as equity.
Audited balance sheet dated June 26, 2026 shows $115,000,000 in trust, $898,682 cash outside trust, and total assets $116,018,682.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.