Apex Tech Acquisition Inc.
04/21/2026 | Press release | Distributed by Public on 04/21/2026 12:36
APEX TECH ACQUISITION INC. UNAUDITED PRO FORMA BALANCE SHEET (Form 8-K)
APEX TECH ACQUISITION INC.
UNAUDITED PRO FORMA BALANCE SHEET
April 15, 2026
|
February 27, 2026 |
Pro Forma Adjustments |
As Adjusted |
||||||||||||
|
(Unaudited) |
(Unaudited) |
|||||||||||||
|
Assets |
||||||||||||||
|
Current Assets |
||||||||||||||
|
Cash |
$ | 584,080 | $ | (6,000 | ) |
(e) |
$ | 541,938 | ||||||
| 30,285 |
(b) |
|||||||||||||
| (30,285 | ) |
(c) |
||||||||||||
| (22,642 | ) |
(f) |
||||||||||||
| (6,000 | ) |
(g) |
||||||||||||
| (7,500 | ) |
(f) |
||||||||||||
|
Prepaid expenses |
- | 6,000 |
(g) |
6,000 | ||||||||||
|
Total Current Assets |
584,080 | (36,142 | ) | 547,938 | ||||||||||
|
Cash and investments held in Trust Account |
111,971,310 | 3,028,690 |
(a) |
115,490,807 | ||||||||||
| 490,807 |
(d) |
|||||||||||||
|
Deferred offering costs |
- | 30,285 |
(c) |
- | ||||||||||
| 8,000 |
(e) |
|||||||||||||
| (38,285 | ) |
(h) |
||||||||||||
|
Total Assets |
$ | 112,555,390 | $ | 3,483,355 | $ | 116,586,684 | ||||||||
|
Liabilities, Ordinary Shares Subject to Redemption and Shareholders' Equity |
||||||||||||||
|
Current Liabilities |
||||||||||||||
|
Accounts payable and accrued expenses |
$ | - | $ | 8,000 |
(e) |
$ | 9,500 | |||||||
|
1,500 |
(e) |
|||||||||||||
|
Total Current Liabilities |
- |
9,500 |
9,500 | |||||||||||
|
Total Liabilities |
$ | - | $ | 9,500 | $ | 9,500 | ||||||||
|
Commitments and Contingencies (Note 6) |
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|
Ordinary shares subject to possible redemption, $0.0001 par value, 600,000,000 shares authorized, 11,197,131 shares and 11,500,000 shares at redemption value of $10.00 per share, as actual and adjusted, respectively |
111,971,310 | 3,028,690 |
(a) |
115,490,807 | ||||||||||
| 490,807 |
(d) |
|||||||||||||
|
Shareholders' Equity: |
||||||||||||||
|
Ordinary shares, $0.0001 par value; 600,000,000 shares authorized; 3,058,254 shares and 3,061,283 issued and outstanding (excluding 11,197,131 shares subject to possible redemption) |
306 |
- |
(b) |
306 | ||||||||||
|
Additional paid-in capital |
648,491 | 30,285 |
(b) |
538,132 | ||||||||||
| (38,285 | ) |
(h) |
||||||||||||
|
Accumulated deficit |
(64,717 | ) | (6,000 | ) |
(d) |
|||||||||
| (490,807 | ) |
(d) |
||||||||||||
| 490,807 |
(d) |
|||||||||||||
| (1,500 | ) |
(e) |
||||||||||||
| (22,642 | ) |
(f) |
||||||||||||
| (7,500 | ) |
(f) |
||||||||||||
|
Total Shareholders' Equity |
584,080 | (45,642 | ) | 538,438 | ||||||||||
|
Total Liabilities, Ordinary Shares Subject to Redemption and Shareholders' Equity |
$ | 112,555,390 | $ | 3,483,355 | $ | 116,038,745 | ||||||||
The accompany notes are an integral part of the unaudited pro forma financial statement.
APEX TECH ACQUISITION INC.
NOTES TO UNAUDITED PRO FORMA FINANCIAL STATEMENT
Note 1 - Closing of Over-allotment Option and Additional Private Placement Units
The accompanying unaudited Pro Forma Balance Sheet presents the Balance Sheet of APEX Tech Acquisition Inc. (the "Company") as of April 15, 2026, adjusted for the closing of the underwriters' over-allotment option and related transactions which occurred on April 15, 2026 as described below.
On February 27, 2026, the Company consummated the IPO of 11,197,131 units (the "Units" and, with respect to the shares of ordinary shares included in the Units being offered, the "Public Shares") including the partial exercise of the over-allotment option of 1,197,131 Units granted to the underwriters. Each Unit consists of one ordinary share and one right to receive of one-fourth (1/4) of one ordinary share upon the completion of the initial Business Combination. The Units were sold at an offering price of $10.00 per unit, generating gross proceeds of $111,971,310.
The Company granted the underwriters a 45-day option to purchase up to an additional 1,500,000 Units (the "Option Units") at $10.00 per unit to cover over-allotments, if any, at the IPO price less the underwriting discounts and commissions. The underwriter partially excised its over-allotment option on February 27, 2026.
Following the closing of the IPO on February 27, 2026, an amount of $111,971,310 ($10.00 per Unit) from the net proceeds of the sale of the Units in the IPO and the sale of the Private Units was placed in a trust account with Continental Stock Transfer & Trust Company acting as trustee.
Pro forma adjustments to reflect the sales of the Option Units and additional Private Placement Units described above are as follows:
|
Pro Forma Entries |
Debit |
Credit |
||||||
|
(a) Cash and investments held in Trust Account |
$ | 3,028,690 | ||||||
|
Ordinary share subject to possible redemption |
$ | 3,028,690 | ||||||
|
To record the sale of 302,869 Option Units at $10.00 per Unit |
||||||||
|
(b) Cash |
$ | 30,285 | ||||||
|
Ordinary shares |
$ | - | ||||||
|
Additional paid-in capital |
$ | 30,285 | ||||||
|
To record the sale of 3,029 Private Placement Units at $10.00 per Unit |
||||||||
|
(c) Deferred offering costs |
$ | 30,285 | ||||||
|
Cash |
$ | 30,285 | ||||||
|
To record payment of underwriting commission (1% of sale of Option Units proceeds) |
||||||||
|
(d) Cash and investments held in Trust Account |
$ | 490,807 | ||||||
|
Interest earned in investments held in Trust Account |
$ | 490,807 | ||||||
|
Additional paid-in capital |
$ | 490,807 | ||||||
|
Ordinary share subject to possible redemption |
$ | 490,807 | ||||||
|
To record interest earned in Trust Account and to transfer interest income to temporary equity |
||||||||
|
(e) Deferred offering costs - legal fee |
$ | 8,000 | ||||||
|
Accounting fee |
1,500 | |||||||
|
Accounts payable and accrued expenses |
$ |
8,000 |
||||||
|
Accounts payable and accrued expenses |
$ |
1,500 |
||||||
|
(f) Professional fees |
$ | 22,642 | ||||||
|
Audit fee |
7,500 | |||||||
|
Cash |
$ | 22,642 | ||||||
|
Cash |
7,500 | |||||||
|
To record payment of various professional fees |
||||||||
|
(g) Prepaid expense |
$ | 6,000 | ||||||
|
Cash |
$ | 6,000 | ||||||
|
To record advance payment of trust fees |
||||||||
|
(h) Additional paid-in capital |
$ | 38,285 | ||||||
|
Deferred offering costs |
$ | 38,285 | ||||||
|
To record the charge of deferred offering costs to APIC |
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