Alpex Acquisition Corporation Closes $115 Million IPO, Targeting Undisclosed Business Combination

Alpex Acquisition Corporation (NASDAQ: ALPXU) announced the closing of its initial public offering, raising $115 million in gross proceeds before expenses. The offering consisted of 11.5 million units, including the full exercise of the underwriters’ over-allotment option. The units began trading on the Nasdaq Global Market on June 25 under the ticker ‘ALPXU,’ with each unit comprising 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.

Concurrently with the IPO, the company completed a private placement of 187,500 units, raising an additional $1.875 million. According to the announcement, $115 million of the net proceeds from both the public offering and private placement has been placed in trust. An audited balance sheet will be included in a forthcoming Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission.

Alpex Acquisition Corporation is a blank check company, or special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. Notably, the company has stated that its efforts to identify a prospective target business will not be limited to a particular industry or geographic region, offering broad flexibility in its search.

The successful closing of this IPO underscores the ongoing appetite for SPACs as a vehicle for taking private companies public. With $115 million in trust, Alpex is well-positioned to pursue a target, though the timeline and specific sector remain undisclosed. The inclusion of warrants and rights in the unit structure provides potential upside for investors if a deal is completed.

For more details, the full announcement can be viewed at https://ibn.fm/3xTGJ. Additional information about InvestorWire, the communications platform that distributed the release, is available at https://www.InvestorWire.com.

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