Alpex Acquisition Corporation, organized as a blank-check company, completed the pricing of its initial public offering by selling 10,000,000 units at $10.00 per unit, generating $100 million in gross proceeds, according to the company announcement.
The newly issued units commenced trading on the Nasdaq Global Market under the ticker ALPXU on June 25, 2026. Each unit is composed of three elements: one Class A ordinary share, one redeemable warrant, and one right that entitles the holder to receive one-fourth of one Class A ordinary share upon the closing of an initial business combination.
Warrants included in each unit are structured so that each whole redeemable warrant has an exercise price of $11.50 per share. The registration statement on Form S-1 related to the offering was declared effective by the U.S. Securities and Exchange Commission on June 24, 2026.
Alpex has indicated that once the components begin to trade separately, the Class A ordinary shares, the warrants, and the rights are expected to list on Nasdaq under the symbols ALPX, ALPXW, and ALPXR, respectively.
In connection with the offering, D. Boral Capital LLC is serving as the sole book-running manager. The underwriting agreement grants the underwriters a 45-day option to purchase up to an additional 1,500,000 units to cover any over-allotments. The offering was expected to close on June 26, 2026, subject to customary closing conditions.
Alpex stated that it was formed to pursue a merger, share exchange, asset acquisition, or other similar business combination. The company has not placed any limitation on the industries or geographic regions it will consider when identifying a prospective target.
This transaction establishes the capital base that the blank-check vehicle will use to seek and execute a qualifying business combination. Investors and market participants will watch for the separation and individual listing of the shares, warrants, and rights, and for any early signs of the company identifying a transaction target.