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Alpex Acquisition Corporation's $115 Million IPO FAQ
Alpex Acquisition Corporation closed its $115 million IPO on Nasdaq, with units trading under the ticker ALPXU. The proceeds will be used for a future business combination, with $115 million placed in trust.
Alpex Acquisition Corporation is a blank check company (SPAC) formed to merge with or acquire one or more businesses, without limitation to a specific industry or geographic region.
Alpex sold 11.5 million units, including the full exercise of the underwriters’ over-allotment option, generating gross proceeds of $115 million. Each unit was sold at $10.
Each unit consists of one Class A ordinary share, one redeemable warrant, and one right to receive one-fourth of one Class A ordinary share upon completion of an initial business combination.
The units began trading on the Nasdaq Global Market on June 25 under the ticker symbol 'ALPXU'.
Yes, concurrently with the IPO, Alpex completed a private placement of 187,500 units, raising an additional $1.875 million in gross proceeds.
$115 million of the net proceeds from the public offering and private placement has been placed in trust.
The full announcement is available at https://ibn.fm/3xTGJ. An audited balance sheet will be included in a forthcoming Current Report on Form 8-K filed with the SEC.
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