Apex Treasury APXT
Apex Treasury reports net income of $1.75 million
Apex Treasury (APXT) filed a 10-Q with the SEC on Nov 10, 2026, 5:21 pm ET. Source: the filing on SEC EDGAR.
- Form
- 10-Q
- Filed
- Importance
- Notable
- Accession
- 0001213900-26-118126
- Net income: $1.75 million for the three months ended Sep 30, 2026
- Cash and equivalents: $0 at Sep 30, 2026
- Interest earned on cash and securities held in Trust Account: $3.22 million
Written from the 10-Q on EDGAR. AI can make mistakes. Check the filing.
Going-concern warning repeated
“The Company's liquidity condition, as well as the mandatory liquidation and subsequent dissolution that would occur if the Company is unable to complete a Business Combination by October 29, 2027 (the end of the Completion Window, unless extended), raise substantial…”
Also in the prior 10-Q (filed Aug 11, 2026). Prior report Prior on EDGAR
SPAC · warning tied to its merger deadline (Business combination deadline Oct 29, 2027)
Income is mostly trust-account interest: net income of $1.75M against $3.22M of interest earned on the trust account, as the filing states.
Quoted from the filing.
What changed since last quarter
No new risk factors or legal mentions.
Compared with the 10-Q for the period ended Jun 30, 2026.
| This filing | Previous | Change vs prior 10-Q | |
|---|---|---|---|
| Operating income and margin | −$1.55M | −$1.64M | +5.6% |
| Net income | $1.75M | $1.53M | +14% |
| Operating cash flow | −$212K | −$194K | −9.3% |
| Cash | $357K | $569K | −37% |
