Business Context and Reporting Period
This Form 8-K reports on the Special Meeting of Stockholders held by Apex Technology Acquisition Corporation (Apex) on June 30, 2021. The filing details the approval of a business combination with AvePoint, Inc., a transaction expected to close on July 1, 2021. Upon closing, Apex will be renamed AvePoint, Inc.
Key Financial Metrics and Voting Results
The filing does not provide specific revenue, profit, cash flow, or debt metrics for AvePoint, Inc. or Apex Technology Acquisition Corporation. The primary quantitative data relates to the stockholder vote and redemption activity:
- Shares Outstanding: 44,560,000 shares of common stock were outstanding as of the record date (June 1, 2021).
- Shares Voted: 27,283,097 shares were voted, constituting a quorum.
- Redemptions: 17,372 shares were presented for redemption, representing less than $0.2 million in aggregate value.
- Voting Outcome: All five proposals, including the Business Combination Agreement, charter amendments, and equity plans, were approved by stockholders.
Material Changes
The material change reported is the successful stockholder approval required to consummate the merger between Apex and AvePoint. Key structural changes approved include:
- Changing the registrant's name to "AvePoint, Inc."
- Increasing authorized shares of common and preferred stock.
- Eliminating provisions specific to special purpose acquisition corporations (SPACs).
- Authorizing the issuance of more than 20% of outstanding shares to AvePoint equityholders and PIPE investors.
Outlook, Risks, and Management Commentary
Management indicates the Business Combination is expected to close on July 1, 2021. The filing notes that the low number of redemptions (less than $0.2 million) suggests strong stockholder support for the transaction. No specific forward-looking financial guidance, risk factors, or contingencies are detailed within this specific 8-K text; investors are referred to the definitive proxy statement filed on June 2, 2021, for further details.
Investor Verification Checklist
- Verify the official closing date of the Business Combination (expected July 1, 2021).
- Confirm the final share count and capital structure post-merger, including the impact of PIPE investments.
- Review the definitive proxy statement (Schedule 14A) for detailed financial projections and risk factors not included in this 8-K.
- Monitor the ticker symbol change from APXT/APXTU/APXTW to the new listing for AvePoint, Inc.