If playback doesn't begin shortly, try restarting your device. Apex Technology Acquisition has received 50.00% “outperform” votes from our community. © Copyright 2021 Market Realist. Also, the stock prices are under pressure as bond yields rise. Currently, HGC Investment Management holds 7.2 percent of the company, while Bluecrest Capital holds 5.31 percent. After the merger between Apex and AvePoint is official, the newly formed company will trade on the Nasdaq under the new ticker symbol "AVPT.". The merger between APXT and AvePoint will likely take place sometime early in 2021, although an exact date hasn't been announced. The company is expected to increase its user base as more people worked from home amid the coronavirus pandemic. Most of the shell company is owned by institutional investors. MarketBeat's community ratings are surveys of what our community members think about Apex Technology Acquisition and other stocks. APXT will invest in AvePoint, which serves the largest SaaS (software-as-a-service) user base in Microsoft 365. Currently, it's down 33 percent from its all-time high, which it hit on December 28, 2020. Merger vote will be at least some weeks out. These mergers result in the newly formed company going public. The deal is expected to close in the first quarter of 2021. Be the first to … Existing AvePoint shareholders are set to own about 72 percent of the combined company when the deal closes. Offers may be subject to change without notice. On December 30, 2020, Apex Technology Acquisition Corp., a Delaware corporation (the "Company") entered into Amendment No. Investors don’t know what company the SPAC might acquire in advance. The date of the $2 billion merger isn't known yet. AvePoint is the largest data management solutions provider for Microsoft cloud. On December 30, 2020, Apex Technology Acquisition Corp., a Delaware corporation (the “Company”) entered into Amendment No. 7. AvePoint is expected to have around $252 million in cash on its balance sheet when the deal closes. Krispy Kreme Plans to Go Public Again in 2021, Actress Jessica Alba Only Owns a Small Share of Honest, Construction SaaS Company Procore Prepares for IPO Again, SRAC Stock Looks Like a Bargain Before the Momentus Merger. All Rights Reserved. 0 comments. The APXT SPAC is scheduled to take AvePoint public. ... BFT is having their votes until march 25. Its 2021 EV-to-sales multiple is 9.0x. AvePoint co-founder and current CEO Tianyi (TJ) Jiang to lead the combined company Shareholder Vote to Extend to August 13, 2021 (Def Proxy Linked) Redemption Deadline: May 4, 2021 Record Date: March 22, 2021 More details » May 10, 2021. The press release noted that AvePoint was projected to generate $148 million in revenue for the year 2020, for an increase of 26 percent compared to 2019 figures. In comparison, Alteryx and Dynatrace have market capitalizations of $5.72 billion and $14.44 billion, respectively. current report . The voting date hasn't been set yet but the combination is expected to close in Q1 of 2021. Apex Technology Acquisition Corp. is a blank-check company, which is another term for a SPAC. Item 1.01 Entry into a Material Definitive Agreement. MarketBeat's community ratings are surveys of what our community members think about Apex Technology Acquisition and other stocks. AvePoint co-founder and current CEO Tianyi (TJ) Jiang to … Find the latest Apex Technology Acquisition Cor (APXT) stock discussion in Yahoo Finance's forum. The APXT and AvePoint merger is expected to close in the first quarter of 2021. APXT is the next to announce the merger date. You're signed out. APXT, announced DA on 11/23. Transaction includes a fully committed PIPE of $140 mm anchored by top-tier investors. The sell-off might have been caused by the fall in the SPACs headed by billionaire Chamath Palihapitiya and Churchill Capital IV (CCIV). Vote Tuscan Holdings Corp. form 8-k . APXT / AvePoint Merger Vote confirmed for Feb - seems legit. The market correction has brought the valuations of top SPACs more in line with their future growth outlook. Flying Eagle Acquisition Corp. (FEAC) announced a merger with Skillz earlier this year. At an extraordinary general meeting (EGM) yesterday, the merger resolution was passed with only a 54.8% majority. Currently, Jeff Epstein, a former executive at Oracle, and Brad Koenig, a former Goldman Sachs executive, lead Apex. In its presentation announcing the merger, AvePoint provided a valuation comparison. Dynatrace is expected to grow its sales by 28 percent in 2021 and 24.1 percent in 2022. A … February 4, 2021 - 7:00 am. The Amendment amends that certain Business Combination Agreement and Plan of Reorganization (the "Business … AvePoint, Inc. 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