Apex Treasury Corporation filed its Form 10-Q for the quarter ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 10, 2026, reporting financial results for the three and nine months ended September 30, 2026.

Key Highlights

  • Trust Account balance: Cash and securities held in Trust Account totaled $356,365,464 as of September 30, 2026, up from $346,990,935 at December 31, 2025, according to the filing.
  • Net income, Q3 2026: The company reported net income of $1,749,240 for the three months ended September 30, 2026, compared to a net loss of $49,424 for the three months ended September 30, 2025.
  • Nine-month net income: Net income for the nine months ended September 30, 2026 was $5,953,996, driven primarily by $9,374,529 in interest earned on cash and securities held in Trust Account.
  • Redemption value: The 34,470,000 Class A ordinary shares subject to possible redemption carried a redemption value of $10.34 per share as of September 30, 2026, versus $10.07 per share at December 31, 2025.
  • Shareholders' deficit: Total shareholders' deficit was $(16,151,341) as of September 30, 2026, compared to $(12,730,808) at December 31, 2025, the filing disclosed.
  • General and administrative costs: G&A costs for the nine months ended September 30, 2026 were $3,685,146, versus $68,198 for the period from inception (June 26, 2025) through September 30, 2025.
  • Shell company status: The registrant indicated by check mark that it is a shell company as defined in Rule 12b-2 of the Exchange Act.

Apex Treasury Corporation's Q3 2026 Financial Position and Operating Results

Apex Treasury Corporation (NASDAQ:APXT), a Cayman Islands-incorporated blank check company headquartered in Vero Beach, Florida, reported total assets of $356,847,120 as of September 30, 2026, according to its quarterly filing. The vast majority of those assets, $356,365,464, were held in the Trust Account. Total liabilities stood at $16,632,997, which included a deferred underwriting fee payable of $13,788,000 that remained unchanged from the December 31, 2025 balance sheet.

For the three months ended September 30, 2026, the company reported general and administrative costs of $1,550,844 and interest earned on cash and securities held in Trust Account of $3,219,960, producing net income of $1,749,240. For the nine-month period, total other income of $9,639,142 more than offset the $3,685,146 in G&A costs, yielding net income of $5,953,996. Basic and diluted net income per Class A ordinary share was $0.04 for the quarter and $0.13 for the nine months ended September 30, 2026, the filing stated. The comparable figures for Class B ordinary shares were the same: $0.04 for the quarter and $0.13 for the nine months.

As of November 9, 2026, there were 34,470,000 Class A ordinary shares and 11,490,000 Class B ordinary shares, each with a par value of $0.0001 per share, issued and outstanding. The accumulated deficit grew to $(16,152,490) by September 30, 2026 from $(12,731,957) at December 31, 2025, reflecting ongoing accretion of Class A ordinary shares to their redemption amount totaling $9,374,529 for the nine-month period. The company characterized itself as a non-accelerated filer, smaller reporting company, and emerging growth company in the filing.

What Was Disclosed

Apex Treasury Corporation disclosed its unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2026, including balance sheet data, income statement results, and changes in shareholders' deficit, as part of its quarterly 10-Q filing.