The new SPAC said it will target tech-driven businesses that it calls “the dis-intermediators, which we define as those forward-thinking businesses leading the disruption across the legacy incumbents and which we believe are poised for growth in markets with attractive demographics and fundamentals."
An aggregate of 17,372 shares of Apex’s common stock, less than $200,000 in aggregate value, were presented for redemption, the SPAC said in the filing.
The enterprise value of the merger is $1.5 billion, with the combined company expected to have an estimated $584 million in cash as a result of the merger.