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Apx Acquisition Corp I  (APXI)
Other Ticker:  
 
    Sector  Financial    Industry Blank Checks
   Industry Blank Checks
   Sector  Financial
 
Price: $11.3900 $0.01 0.088%
Day's High: $11.39 Week Perf: 0.18 %
Day's Low: $ 11.38 30 Day Perf: 0.89 %
Volume (M): 41 52 Wk High: $ 11.39
Volume (M$): $ 464 52 Wk Avg: $10.95
Open: $11.38 52 Wk Low: $9.86



 Market Capitalization (Millions $) 123
 Shares Outstanding (Millions) 11
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 6
 Cash Flow (TTM) (Millions $) 1
 Capital Exp. (TTM) (Millions $) 0

Apx Acquisition Corp I
APX Acquisition Corp I is a special purpose acquisition company (SPAC) formed for the purpose of merging or acquiring other businesses. It was incorporated in Delaware in January 2021 and went public through an initial public offering (IPO) in April 2021. The company is sponsored by Apex Technology Acquisition Corp, a subsidiary of Future FinTech Group Inc.

APX Acquisition Corp I aims to identify and acquire a target company in the Asia-Pacific region, specifically focusing on technology, media, telecommunications, and financial services sectors. The company aims to leverage its management team's extensive industry experience and network to identify attractive investment opportunities.

As a SPAC, APX Acquisition Corp I raises capital through its IPO and holds the funds in a trust account until a suitable merger or acquisition target is identified. Once a target is chosen, shareholders have the option to either vote in favor of the proposed transaction or redeem their shares for a pro-rata portion of the trust account.

The ultimate goal of APX Acquisition Corp I is to successfully merge or acquire a target company, providing value and potential growth opportunities for its shareholders.


   Company Address: 714 Westview Avenue Nashville 37205
   Company Phone Number: 465-5882   Stock Exchange / Ticker: NASDAQ APXI
   APXI is expected to report next financial results on March 30, 2024.


   

Stock Performances by Major Competitors

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Apx Acquisition Corp I

Apx Acquisition Corp I Grapples with Skyrocketing Costs in Q2 2023

Apx Acquisition Corp I, a constituent of the Blank Checks sector, recently announced an operating shortfall of $-0.441603 million for the financial second quarter of 2023. This figure can be compared to the operating shortfall of $-0.199415 million in the second quarter of 2022, showcasing a significant decline in performance.
To gain a better understanding of Apx Acquisition Corp I's performance in the April to June 2023 period, it is crucial to analyze the primary aspect of each fiscal report, namely the net earnings. In this regard, there has been a significant contraction of -95.83 percent, bringing the net earnings down to $0.112 million in the April to June 2023 span, as compared to the second quarter of 2022.

Apx Acquisition Corp I

Apx Acquisition Corp I Announces Q1 2023 Fiscal Update Amidst Struggles in the Blank Checks Industry

Apx Acquisition Corp I is a blank check company, also known as a special purpose acquisition company (SPAC), that was created with the purpose of acquiring one or more businesses. A blank check company raises capital through an initial public offering (IPO) with no specific acquisition targets in mind, but with the intention of using the funds to acquire privately held companies.
As the first quarter of 2023 comes to a close, insiders in the Blank Checks sector have turned their attention to analyzing the financial results of Apx Acquisition Corp I. Unfortunately, the company has yet to specify any revenue for the reporting period from January to March 31, 2023. This has resulted in an operating shortfall of $-0.920696 million, which is causing some concern among industry insiders.






 




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