Business Context and Reporting Period
This Form 8-K is filed by Apex Technology Acquisition Corporation (the "Company"), a Delaware corporation and Special Purpose Acquisition Company (SPAC), on December 30, 2020. The report covers events occurring on December 22, 2020, and December 30, 2020. The Company is an emerging growth company listed on The NASDAQ Stock Market LLC under the symbols APXTU, APXT, and APXTW.
Key Financial Metrics
This filing is a current report regarding corporate governance and material agreements; it does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data for the Company or the target entity, AvePoint, Inc. The filing text does not provide a clear value for any financial metrics.
Material Changes and Corporate Actions
- Amendment to Business Combination Agreement: On December 30, 2020, the Company entered into Amendment No. 1 to the Business Combination Agreement and Plan of Reorganization dated November 23, 2020. This agreement involves a merger with AvePoint, Inc. via two merger subsidiaries (Merger Sub 1 and Merger Sub 2). The Amendment updates certain defined terms and schedules within the original agreement.
- Annual Meeting of Stockholders: On December 22, 2020, the Company held its 2020 annual meeting. Stockholders re-elected David Chao and Donna Wells as Class I directors and ratified the selection of WithumSmith+Brown, PC as the independent registered public accounting firm for the year ending December 31, 2020.
Guidance, Outlook, and Risks
The filing does not provide financial guidance or management commentary on future performance. It notes that the Company intends to file a Proxy Statement with the SEC regarding the proposed business combination with AvePoint. Investors are urged to read the definitive proxy statement when available, as it will contain important information about the transaction, risks, and the interests of participants in the solicitation of proxies.
Investor Verification Checklist
- Verify the specific terms updated in Amendment No. 1 to the Business Combination Agreement (Exhibit 2.1).
- Review the definitive Proxy Statement once filed to understand the full details of the merger with AvePoint, Inc.
- Confirm the voting record for the re-election of directors and ratification of the auditor.
- Check for any omitted exhibits or schedules referenced in the filing that may contain material details.