Apex Treasury Corporation
APXTW
NASDAQ Capital Market0.30
USD
+0.01
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Apex Treasury Corporation
APXTW
(NASDAQ Capital Market)
Recent
price
0.30
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Apex Technology Acquisition Corporation is a special purpose acquisition company (SPAC) that was incorporated in 2019 and headquartered in Burlingame, California. The company primarily focuses on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations within the software and internet technology industries. Apex Technology Acquisition Corporation does not operate significant standalone business activities but seeks to acquire established technology businesses. The company's most notable recent change was its merger with AvePoint, a leading global provider of data management solutions for Microsoft 365. This business combination, completed in 2021, resulted in the new entity operating as AvePoint, Inc., which is publicly listed on Nasdaq under the ticker symbols AVPT and AVPTW. The merger allowed Apex to transition into a significant player in the cloud data security, governance, and resilience space. Since the merger, AvePoint has focused on scaling its software-as-a-service (SaaS) business, expanding its partner ecosystem, and pursuing strategic acquisitions to enhance its product offerings and market reach. Apex Technology Acquisition Corporation was originally founded as a vehicle to facilitate investments and acquisitions in the tech sector, specifically honing in on software-focused companies. It is a subsidiary of Apex Technology Sponsor LLC. Through its merger with AvePoint, the company now supports a comprehensive portfolio of cloud data management products and services, including data backup, governance, compliance, migration, and security solutions tailored for enterprises leveraging Microsoft 365 and other cloud platforms. The firm's strategic focus includes broadening its global footprint, expanding direct sales efforts, enhancing AI-ready solutions, and maintaining strong channel partnerships to drive growth in multiple regions across North America, Europe, and Asia. In summary, Apex Technology Acquisition Corporation operates as a SPAC focused on technology acquisitions, with its most recent and significant action being the merger with AvePoint, transforming it into a provider of comprehensive cloud data management and security solutions. The company was established in 2019, is based in California, and continues to expand its product suite and market presence via strategic growth initiatives and acquisitions within the SaaS cloud services industry.
Apex Treasury (NASDAQ:APXTW) Stock Price Down 5.6% – Time to Sell?
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