Apex Treasury (APXT)
Pursues a business combination and has agreed to combine with TECfusions.
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Formed as a blank check company to pursue a business combination, the Nasdaq-listed issuer has no operating business before a deal closes. Its announced all-stock agreement with TECfusions remains subject to closing conditions.
Formed as a Cayman Islands blank check company, the issuer seeks a merger, share exchange, acquisition, reorganization, or similar business combination. Its Class A ordinary shares trade on Nasdaq as APXT; before a combination closes, it has not commenced operations and identified interest on IPO proceeds as its income source.
A definitive all-stock agreement would take TECfusions public through Apex. TECfusions designs, builds, and leases data centers, but it is not yet APXT's subsidiary; at closing, the combined company is expected to use the TECfusions brand and trade as TECF.
Completion depends on conditions including shareholder redemptions and regulatory approvals. Until then, APXT remains a SPAC rather than an operating data-center business.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $417.3M · Total debt $16.3M · Total assets $757.0M · Shareholders' equity $436.9M
- Revenue
- $124.5M
- Operating income
- $10.2M
- Net income
- $27.6M
No dividends on record.
| Institutions264 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | ≈ 67.06% | 141.88M shares | |
| Insiders1 holder · as of Apr 21, 2026 | 0.07% | 150.0K shares | |
| Strategic holders1 holder · as of Apr 21, 2026 | 5.23% | 11.07M shares | |
| Otherremainder | ≈ 27.64% | 58.47M shares |
211.57M company shares as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (211.57M in the company's Sep 3, 2026 report, 186.67M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Anchor @ 65 Pte. Ltd.Institution | 9.41% | 19.91M | 13Fas of Jun 30, 2026 |
BlackRock, Inc.Institution | 6.83% | 14.45M | 13Fas of Jun 30, 2026 |
Apex Treasury Sponsor LLCStrategicdirector, 10 percent owner | 5.23% | 11.07M | Form 4filed Apr 21, 2026 ↗ |
Vanguard Portfolio Management LLCInstitution | 5.09% | 10.76M | 13Fas of Jun 30, 2026 |
Morgan StanleyInstitution | 4.05% | 8.57M | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · Form 4 — an insider's transaction report
Insider tradesForm 4
No open-market trades in the last 12 months.
Not reported.