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Apex Technology Acquisition Corporation
Apex Technology Acquisition Corporation (NASDAQ: APXT) is a special purpose acquisition corporation that raised USD 350.0 million from its IPO (“Initial Public Offer”).
Investment Highlights – Apex Technology Acquisition Corporation – Speculative Buy at USD 11.14
Key Risks
Recent News
On 20 May 2021, APXT had announced the Q1 FY21 results for AvePoint. Moreover, the total revenue had witnessed an attractive year-on-year growth of around 19% to USD 38.8 million during Q1 FY21. The SaaS-based revenue jumped by almost 78% to USD 18.3 million during the period.
Financial Highlights (for 12 months ended 31 December 2020, as of 09 March 2021)
(Source: Company result)
Share Price Chart
(Analysis done by Kalkine Group)
Conclusion
The Company has an ongoing proposed merger deal with AvePoint (largest data management solutions provider for Microsoft 365). Moreover, APXT does not have proper financial history and largely depends on the proposed merger deal. Furthermore, the Company has scheduled a general meeting on 30 June 2021 to urge stockholders to vote for the proposed business combination with AvePoint. The stock made a 52-week low and high of USD 9.76 and USD 17.90, respectively.
The next important support level on the technical chart is at USD 9.76.
Based on the bright prospect for AvePoint and various points mentioned above, we have given a "Speculative Buy" stance on Apex Technology Acquisition Corporation at the closing market price of USD 11.14 (as of 08 June 2021), while we will update once the proposed merger deal gets completed.
Vector Acquisition Corporation
Vector Acquisition Corporation (NASDAQ: VACQ) is a Special Purpose Acquisition Company (“SPAC”), focusing on the acquisition of various assets and businesses through a merger or other business combinations.
Investment Highlights – Vector Acquisition Corporation – Speculative Buy at USD 10.47
Key Risks
Recent Developments
On 04 June 2021, Rocket Lab had announced the appointment of Merline Saintil and Jon A. Olson to the Board of Directors.
Share Price Chart
(Analysis done by Kalkine Group)
Conclusion
On 01 March 2021, the Company had unveiled its plans for a merger with Rocket Lab. Furthermore, Rocket Lab is focused on launching small satellites into space. It has launched 97 satellites for government and private companies across 16 missions. The transaction would be expected to be completed by Q2 FY21. Upon completing the merger, the new Company will be publicly listed under the ticker “RKLB”. The space systems and space applications market is anticipated to reach USD 1.4 trillion by 2030. The stock made a 52-week low and high of USD 9.72 and USD 15.15, respectively.
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