Alpex Acquisition Corp Closes $115M IPO on Nasdaq

Alpex Acquisition Corporation (NASDAQ: ALPXU) has successfully closed its initial public offering (IPO), marking a significant milestone for the blank check company. The IPO comprised 11.5 million units, which included the full exercise of the underwriters’ over-allotment option, generating gross proceeds of $115 million before expenses. The units began trading on the Nasdaq Global Market on June 25 under the ticker “ALPXU,” with each unit consisting 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. Concurrently with the IPO, the company completed a private placement of 187,500 units that raised an additional $1.875 million in gross proceeds. Alpex has placed $115 million of the net proceeds from the public offering and private placement into a trust account, with an audited balance sheet to 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, also known as a 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. The company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, giving it broad flexibility in pursuing potential acquisitions. This approach allows Alpex to seek out opportunities that align with its strategic vision without being constrained by sector or location, potentially leading to a diverse range of investment possibilities.

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