APEX Tech Acquisition raises $112M in NYSE IPO under 'TRADU' ticker
APEX Tech Acquisition Inc. has completed its initial public offering (IPO) on the New York Stock Exchange. The company raised nearly $112 million by selling units priced at $10 each. Trading under the ticker 'TRADU' began on February 26, 2026.
The blank check company, based in the Cayman Islands, filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC). This filing was declared effective on February 25, 2026, just one day before trading commenced.
The IPO included 11,197,131 units, with an over-allotment option partially exercised. Each unit consists of one ordinary share and one right to receive a quarter of an additional share once a business combination is finalised. The offering officially closed on February 28, 2026, securing a total of $111,971,310.
A.G.P./Alliance Global Partners served as the sole book-running manager for the transaction. Legal support came from Venture Bridge Legal, acting as U.S. counsel to APEX Tech Acquisition Inc., while Robinson & Cole LLP represented the underwriters.
The company has not specified any particular industry for its search. Instead, it plans to pursue a business combination with one or more entities in the coming months.
APEX Tech Acquisition Inc. now trades on the NYSE under 'TRADU'. The funds raised will support its efforts to identify and merge with a target business. No specific acquisition plans have been announced at this stage.
