Alpex Acquisition closes $115M IPO on Nasdaq

Alpex Acquisition Corporation (NASDAQ: ALPXU) closed its initial public offering of 11,500,000 units at $10.00 per unit, generating gross proceeds of $115,000,000, according to a press release. The total includes the full exercise of an underwriters' over-allotment option covering 1,500,000 additional units.

Units began trading on the Nasdaq Global Market on June 25, 2026. Each unit consists of one Class A ordinary share, one redeemable warrant, and one right to receive one-fourth of one Class A ordinary share upon completion of an initial business combination. Each redeemable warrant carries an exercise price of $11.50 per share. The Class A ordinary shares, warrants, and rights are expected to trade separately on Nasdaq under the symbols "ALPX," "ALPXW," and "ALPXR," respectively.

Concurrent with the IPO closing, the company completed a private placement of 187,500 units at $10.00 per unit, raising an additional $1,875,000. A total of $115,000,000, or $10.00 per public unit, was placed in trust from the combined proceeds.

D. Boral Capital LLC served as sole book-running manager for the offering. Robinson & Cole LLP represented the company, while Rimon, P.C. represented D. Boral Capital LLC.

Alpex Acquisition is a blank check company incorporated in the Cayman Islands, formed to pursue a merger, asset acquisition, or similar business combination. The company has not limited its target search to any particular industry or geographic region.

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