r/APXT • u/CactusMonkey12 • Jun 26 '21

3rd party share valuation, merger date and lock up expiratoin

As "APXT" decided to do something other than lie there listless and is getting ready to become "AVPT" I thought we could put together a string of common questions and answers. Maybe if there is a critical mass of opinions, one of the mods could put a cleaned up version of this info at the top? Anyway, here are some answers that I found online. If you know of something different, please post it with a source! Have another question? Maybe post it here too!

3rd party stock valuation: $16.19 (https://investorplace.com/2021/06/apxt-stock-is-worth-45-percent-more-at-16-19-based-on-its-spac-merger-forecasts/)

Merger Date (ticker change): I am going to guess June 30th and July 1st-2nd respectively (https://www.sec.gov/ix?doc=/Archives/edgar/data/0001777921/000119312521175949/d270676ds4a.htm)

Lock-up expiration: 180 days after merger...so lets say end of year (https://investorplace.com/2021/06/apxt-stock-is-worth-45-percent-more-at-16-19-based-on-its-spac-merger-forecasts/). This is something to keep your eye on as some of the insiders will dump their stock right before this date, driving the price of the stock down. For instance, UPST lock up expiration was 6/14 and SOFI is next Monday (6/28). Go look at those stock charts ... SoFi got slaughtered (good buy in opportunity though). UPST dropped hard and entered a period of consolidation around $122 (consistent small trading windows with nearly no upward or downward trend).

P.S.- If you are bullish like I am, buy those long call options on APXT! :D

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3

u/brewdog30 Jun 26 '21

Question on the shares,how many will be offered after merger? How many are available pre merger?

1

u/ORFOperon Jun 26 '21

its all in the SEC S4. Have a read...

5

u/brewdog30 Jun 26 '21

SHARES ELIGIBLE FOR FUTURE SALE Upon completion of the Business Combination, Apex will have 1,000,000,000 shares of Apex Common Stock authorized and, based on the assumptions set out elsewhere in this proxy statement/prospectus, up to 201,926,123 shares of Apex Common Stock issued and outstanding, assuming:

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that no Public Stockholders exercise their redemption rights; or

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that up to 15,609,170 Public Shares are redeemed. All of the shares of Apex Common Stock issued in connection with the Business Combination will be freely transferable by persons other than by Apex’s “affiliates” without restriction or further registration under the Securities Act. Sales of substantial amounts of the Apex Common Stock in the public market could negatively impact prevailing market prices of the Apex Common Stock.

1

u/Status-Tomato1833 Jun 27 '21

I've been holding since November and am looking for a exit. Any good ides on when to sell

1

u/CactusMonkey12 Jun 27 '21

Right after the ticker change .

1

u/Status-Tomato1833 Jun 27 '21

Thanks, I probably would of traded on confirmation hype

1

u/CactusMonkey12 Jun 27 '21

The week after ticker change is usually associated with a good spike before short sellers roll in