These types of companies use the proceeds from an IPO to purchase another company within a short timeframe of usually two years or less. CrowdStrike [CRWD], the heaviest-weighted of 30 US software-focused stocks in the Invesco SaaS ETF, with a 5.77% weighting, has seen its share price jump from $59.13 to $223.40 at 1 Marchâs close, an ⦠The press release noted that AvePoint was projected to generate $148 million in revenue for the year 2020, for an increase of 26 percent compared to 2019 figures. In addition to the approximately $352 million held in Apexâs trust account as of September 30, 2020, assuming no redemptions by Apexâs public stockholders, the combined company will benefit ⦠November 27, 2020. This last one is a straight software technology merger. The merger between APXT and AvePoint will likely take place sometime early in 2021, although an exact date hasn't been announced. After the deal is final, existing SPAC shareholders will own 17.6 percent of the company. Investors donât know what company the SPAC might acquire in advance. In 2020, the company’s business operations grew significantly as more employees worked from home amid the COVID-19 pandemic. Epstein was a former CFO at Oracle, while Koenig was a former head of technology at Goldman Sachs. Microsoft cloud partner AvePoint going public via merger with blank-check company Apex Technology Published: Nov. 23, 2020 at 9:57 a.m. After the merger between Apex and AvePoint is official, the newly formed company will trade on the Nasdaq under the new ticker symbol "AVPT.". The combined entity will be listed on the Nasdaq under the ticker symbol “AVPT.” The combined company will likely have a pro forma equity value of about $2 billion. Apex Technology Acquisition Corp (APXT) is a SPAC (special purpose acquisition company) that is taking AvePoint public via a reverse-merger. Restaurant Tech Startup Olo Has Filed to Go Public, Will List on NYSE, CCIV SPAC Stock Is in a Free Fall, Blame It on TSLA and NIO. 11/23/2020. Apex Technology Acquisition Corporation (NASDAQ: APXT, "Apex") and AvePoint, the largest data management solutions provider for Microsoft 365, today announced ⦠The merger is subject to approval from APXT and AvePointâs shareholders and ⦠Ex-Dividend Date: N/A: 1y Target Est: N/A: ... (APXT) relating to its proposed merger with AvePoint, Inc. AvePoint should benefit from the $352 million held in an Apex trust account as of September 30, 2020, assuming that there aren't any redemptions by Apexâs public stockholders, according to BusinessWire. Date of Report (Date of earliest event reported): December 30, 2020 (December 22, 2020) APEX TECHNOLOGY ACQUISITION CORPORATION ... Athena Technology Merger ⦠The top five institutional investors in APXT are HGC Investment Management, Bluecrest Capital Management, Cowen and Co., Sage Rock Capital Management, and RP Investment Advisors. In 2019, Sixth Street led a $200 million growth equity investment in AvePoint. Microsoft cloud partner AvePoint going public via merger with blank-check company Apex Technology Nov. 23, 2020 at 9:57 a.m. The merger includes a PIPE of $140 million from a group of committed institutional investors. FRX SPAC Offers Strong Long-Term Growth Potential, Cheaper Than Peloton. Apex Technology Acquisition Corporation focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, ⦠People may receive compensation for some links to products and services on this website. The Apex Technology SPAC held an IPO in September 2019 and offered 30.5 million shares at a price of $10. For the people still unsure of the merger date or interested in the resent earnings and S-4 form. announces that it is investigating Apex Technology Acquisition Corporation (âApexâ) (NASDAQ CM: APXT) regarding ⦠Currently, Jeff Epstein, a former executive at Oracle, and Brad Koenig, a former Goldman Sachs executive, lead Apex. In November 2020, APXT announced a merger deal with AvePoint. There were over 7 million Microsoft cloud users as of September 2020. APXT stocks went down by -0.88% for the week, with a monthly drop of -2.12% and a quarterly performance of 1.00%. Most of the shell company is owned by institutional investors. Under the terms of the agreement, APXT will acquire AvePoint ⦠Microsoft’s data partner AvePoint is gearing up to go public through a reverse merger with Apex Technology Acquisition Corp. (APXT). In 2021, AvePoint expects to generate $193 million in revenue. On Nov. 23, Jersey City-based tech company AvePoint agreed to merge with Apex Technology Acquisition Corp (APXT). AvePoint co ⦠APXT and AvePoint merger date The APXT and AvePoint merger will likely close in the first quarter of 2021. Apex Technology (APXT) is in talks with ⦠Today Iâm bringing you the latest updates, rumors and ⦠Still dont underderstand why Apxt didnt reach the 20 yet. Based on a ⦠Currently, HGC Investment Management holds 7.2 percent of the company, while Bluecrest Capital holds 5.31 percent. The SPAC raised about $305 million in a 2019 IPO. The SPAC is led by co-CEOs Jeff Epstein and Brad Koenig. AvePointâs business saw growth in 2020 largely due to more employees working from home. Market Realist is a registered trademark. The company’s NTM price-to-sales multiple stands at 10.36x. APXT will invest in AvePoint, which serves the largest SaaS (software-as-a-service) user base in Microsoft 365. PIPE (private investment in public equity) is when investors buy shares of publicly traded stock at a price lower than the current market value. Koenig will join as the board observer and Epstein will join the board of directors. Merger Prospectus - 425. The APXT and AvePoint merger will likely close in the first quarter of 2021. On Feb. 3, the stock rose 2.8 percent and closed at $16.63. APXT Apex Technology Acquisition Corporation - Class A . Date of Report (Date of earliest event reported): November 23, 2020 ... APXT : The Nasdaq Stock Market LLC: Warrants, each exercisable for one share Class A Common Stock for $11.50 per share ... Apex Technology Acquisition Corp., a Delaware corporation (âApexâ), Athena Technology Merger Sub, Inc., a Delaware corporation (âMerger ⦠2/5/2021 9:26:22 PM. AvePoint is the largest provider of data management solutions to the Microsoft Cloud service. The date of the $2 billion merger isn't known yet. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice. As of September 2020, there were more than 7 million Microsoft cloud users. 02-19 sec.gov - 2 - 425 Filed by Apex Technology Acquisition Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934 Subject Company: Apex Technology Acquisition Corporation Commission File No. IPOE and Fintech Stocks TumbleâTime to Buy the Dip? AvePoint’s co-founder and current CEO Tianyi Jiang will continue to serve as CEO of the combined company. Apex raised $305 million in September 2019. APXT, apxt merger date - Google Search: Norton1973: 03/04/21 02:32:49 PM #165 when is the merger date tia: jsc52033: 03/04/21 02:18:38 PM #164 APXT, great buy in prices. The company expects to post revenues of $257 million by 2022 and hit an adjusted EBIT of $17 million. ... ("APXT" or the "Company") ( APXT ) relating to its proposed merger with AvePoint, Inc. The employees started utilizing the Microsoft cloud service. Announces Record Date for Stockholders Eligible to Vote on Merger Business Wire NEW YORK -- November 25, 2020 RMG Acquisition Corp. (the âCompanyâ) ⦠ET The founder and chief executive of AvePoint, Tianyi Jiang, said that he considered a traditional IPO, but thought that Apex's expertise could help the company scale faster. APXT In late November of 2020, a press release announced the upcoming merger of Apex Technology Acquisition Corp. (Nasdaq:APXT) with AvePoint, which is a Microsoft data solutions provider. The APXT and AvePoint merger deal includes $140 million in PIPE (private investment in public equity) from a group of committed institutional investors. The ⦠APXT stock is trading at a 66 percent premium to its IPO price of $10. Apex Technology Acquisition Corp. is a blank-check company, which is another term for a SPAC. The merger is subject to approval from APXT and AvePoint’s shareholders and other customary closing conditions. Previously, APXT said that it was formed with the focus of merging with private software and internet technology companies. Microsoft Corp. data partner AvePoint Inc. said it has reached a deal to go public through a merger with blank-check company Apex Technology Acquisition Corp. The special purpose acquisition company has reached a merger deal with AvePoint, Inc., a data management solutions provider for the Microsoft cloud. APXT stock may represent a fairly straightforward tech deal. Tech Stocks, Featured. These mergers result in the newly formed company going public. AvePoint is fast-growing and profitable. Offers may be subject to change without notice. AvePoint thinks that it has an addressable market opportunity of $33 billion by 2022. In late November of 2020, a press release announced the upcoming merger of Apex Technology Acquisition Corp. (Nasdaq:APXT) with AvePoint, which is a Microsoft data solutions The voting date hasn't been set yet but the combination is expected to close in Q1 of 2021. February 4, 2021 - 7:00 am. However, ahead of the AvePoint SPAC merger, things look hot. RMG Acquisition Corp. Date. Nov.23 -- Microsoft Corp. data partner AvePoint Inc. says it has reached a deal to go public through a merger with blank-check company Apex Technology Acquisition Corp. Tianyi 'TJ' Jiang, ⦠APXT is a special purpose acquisitions company, or SPAC, which is a shell company that's formed to invest in other companies. © Copyright 2021 Market Realist. New York, NY, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Apex Technology Acquisition Corporation (the âCompanyâ) announced today that it priced its initial public offering of 30,500,000 ⦠Imo: Norton1973: 03/04/21 ⦠The investment will remain a shareholder in the combined company. According to InvestorPlace, a rare aspect of the deal is that current shareholders will receive a payout of $257 million. It went from a big loss to a gain for the day. Nov 23 (Reuters) - AvePoint Inc, a cloud data management company backed by investment firm Sixth Street, will go public via a merger with blank-check company Apex Technology ⦠Market Realist is a registered trademark. AvePoint shareholders will likely own 72 percent of the combined company when the deal closes. The investigation focuses on whether Apex ⦠APXT stock is a buy based on the strong growth outlook and the company's financial projections. The volatility ratio for the week stands at 1.01% while the volatility ⦠Facebook Twitter Pinterest LinkedIn Reddit Hacker News VK Odnoklassniki Telegram Viber WhatsApp. IPOE and Fintech Stocks Tumble—Time to Buy the Dip? FRX SPAC Offers Strong Long-Term Growth Potential, Cheaper Than Peloton. IPOE Sofi is one of the best SPACs in the market right now, and what a reversal on friday! ET by Tomi Kilgore No Headlines Available January 11, 2021 04:05 PM Eastern Standard Time BURLINGAME, Calif. & JERSEY CITY, N.J.--(BUSINESS WIRE)--Apex Technology Acquisition Corp. (NASDAQ: APXT) and AvePoint, the largest ⦠WILMINGTON, Del., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. All Rights Reserved. Restaurant Tech Startup Olo Has Filed to Go Public, Will List on NYSE, CCIV SPAC Stock Is in a Free Fall, Blame It on TSLA and NIO. In 2020, there was an uptick in the number of companies going public through the SPAC route instead of a traditional IPO, like AvePoint is doing with Apex. Avepoint has a blog explaining everything. AvePoint will also receive $352 million of cash held by APXT in trust as of September 2020. The company will likely continue benefiting from the rise of the communication app Microsoft Teams. The deal is expected to close in the ⦠All Rights Reserved. Should you buy APXT SPAC stock before its merger with AvePoint? APXT is currently trading at $14.90, up ⦠AvePoint thinks that it could continue to expand its user base and add new partnerships. Today we announcedAvePoint will go public via a $2.0 billion USD initial public merger with Apex Technology Acquisition Corporation (NASDAQ: APXT), a special-purpose ⦠AvePoint, the Largest Microsoft 365 Data Management Solutions Provider, Announces $2bn Merger Transaction includes a fully committed PIPE of $140 mm anchored by top-tier investors. © Copyright 2021 Market Realist. Epstein is expected to join the board of AvePoint and Koenig and serve as an observer. Under the terms of the agreement, APXT will acquire AvePoint through a reverse merger, with AvePoint emerging as a publicly traded company.
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