Alpex Acquisition Corp closes $115 million IPO of 11.5 million units
Alpex Acquisition Corp, a Cayman Islands blank check company, closed its initial public offering on June 26, 2026, selling 11.5 million units at $10.00 each for $115 million in gross proceeds, including the full exercise of the underwriters' over-allotment option. The full $115 million was placed in a trust account for public shareholders, and the filing states the company has not selected a business combination target. For shareholders, the funds are held in trust pending a business combination, which the company has until 12 months from the registration statement's effectiveness to complete.
Key points
- IPO of 11,500,000 units at $10.00 per unit, including 1,500,000 units from the full over-allotment option, closed June 26, 2026
- $115,000,000 placed in a trust account maintained by Equiniti Trust Company, LLC, as trustee
- Sponsor Hugreat Ltd bought 187,500 private placement units at $10.00 per unit, for $1,875,000 in gross proceeds
- Cash held outside the trust account was $898,682 as of June 26, 2026
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.