Apex Said in Merger Talks with Northern Star Investment Corp. II NSTB) - Bloomberg

February 12, 2021 6:27 AM EST

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Aplex Clearing, a security custody and clearing firm, is in talks to go public through a merger with blank-check company Northern Star Investment Corp. II (NYSE: NSTB), according to Bloomberg, citing sources.

The merger would value Apex and the SPAC at as much as $5 billion. Deliberations are ongoing and details may change.

The SPAC is backed by John Ledecky.

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