Apex Technology Stockholders Approve $2B AvePoint Deal


Apex Technology Acquisition stockholders voted in favor of the merger with AvePoint, the largest data management solutions provider for the Microsoft cloud. The SPAC announced the vote today in an 8-K filing.

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.

Announced in November, the combined company has an estimated market value of approximately $2 billion. The deal included a fully committed PIPE of $140 million. 

The combined company will operate as AvePoint. Shares of common stock and warrants will list on the Nasdaq under AVPT and AVPTW. Read more.

Related Posts