APEX CRITICAL METALS CORP. (APXC) Form 6-K — Oct 23, 2026
Apex Critical Metals Corp. signed an underwriting agreement dated October 22, 2026 with Maxim Group LLC as representative to sell 400,000 ADSs (representing 2.4 million common shares) at a public price of US$4.65 per ADS, with underwriters paying US$4.3245 per ADS, for roughly US$1.86 million in gross proceeds before expenses. The underwriters also hold a 45-day option to buy up to 60,000 additional ADSs, and Maxim receives warrants for 5% of ADSs sold at a US$5.81 exercise price plus a 12-month tail of 7% cash and 5% warrant compensation on follow-on financings with introduced investors.
Key figures
- Gross Proceeds
- US$1,860,000 firm (excluding over-allotment)
- Offering Price
- 4.65
- Shares Offered
- 2,400,000 common shares (400,000 ADSs, 6 shares per ADS)
- Lockup period
- 90 days (company); officers/directors lock-up per Exhibit B
- Over allotment ads
- 60000
- Shelf capacity cad
- 100000000
- Reserved rsu shares
- 2770000
- Reserved options shares
- 10411000
- Reserved warrant shares
- 16390275
- Purchase price per ads usd
- 4.3245
- Representative warrant pct
- 5.0% of ADSs sold at US$5.81 exercise price, 4-year term
- Over allotment common shares
- 360000
AI analysis
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