Apex Treasury Corporation (APXTW) Warrant
Each APXTW warrant gives the holder the right to buy 1 share of Apex Treasury Corporation at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.15, below the strike, so the warrant is out of the money. Apex Treasury Corporation has a market value of about $466.49M. Apex Treasury Corporation is a SPAC (deal signed with TECfusions, Inc.). It must complete a deal by October 29, 2027 or the warrants expire worthless. There are 17.23M listed warrants; exercising all of them would add 37.5% to the 45.96M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.79
From the issuer's S-1/A (2025-10-07).
Company and stock
- Company
- Apex Treasury Corporation
- Underlying stock
- APXT
- Share price
- $10.15
- Market cap
- $466.49M
- Shares outstanding
- 45.96M
- Range since Nov 2025
- $9.87 – $10.15
- Change since Nov 2025
- +2%
- Value of all listed warrants
- $4.99M (1.1% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Vero Beach, FL
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.2895
- Price / model
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Dilution
- Shares outstanding
- 45.96M
- Listed warrants
- 17.23M
- Dilution if all exercised
- 37.5%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- deal signed
- Target
- TECfusions, Inc.
- Deal announced
- 2026-07-21
- Deadline
- 2027-10-29
- Latest possible deadline
- 2027-10-29
- Trust per share
- $10.25
- Sponsor
- Apex Treasury Sponsor LLC
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about APXTW
When does the APXTW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of APXTW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many APXTW warrants are outstanding?
17.23M listed warrants, equal to 37.5% dilution if all are exercised.
Related warrants
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