SPAC Alpex Acquisition files for a $100 million IPO
IPO Overview
Alpex Acquisition, a blank check company led by Chinese executives targeting next-gen technologies, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one right to receive one-fifth of a share upon the completion of an initial business combination.
Alpex Acquisition is led by CEO and Chairwoman Xiaolin Zheng, who previously served as a Partner at CE Innovation Capital. The SPAC plans to focus on sectors where management has a demonstrated track record of successful investments, including digital entertainment, interactive media, e-commerce ecosystems, and next-generation technologies such as AI-driven applications and smart hardware.
The Wilmington, DE-based company was founded in 2026. It plans to list on the Nasdaq but has not selected a symbol yet （RC ticker: ALPXU.RC）。 D. Boral Capital is the sole bookrunner on the deal.
About the Company
We are a blank check company. One of our insiders is our sponsor, Hugreat Ltd, a British Virgin Islands business company which is solely owned and controlled by Ms. Ningdi Shi. The other insiders are officers and directors of the Company. We believe that with their experience and skillsets in sourcing, investing, and value-enhancement, we are well positioned in pursuing opportunities that will offer risk-adjusted returns. We intend to focus our business combination search on targets operating in sectors where our management team has a demonstrated track record of successful investments, including digital entertainment, interactive media, e-commerce ecosystems, and next-generation technologies such as AI-driven applications and smart hardware. /We will seek to identify companies that have established proven monetization models and are positioned at an inflection point for accelerated growth.