Apex Technology (NASDAQ:APXT) is a SPAC that’s merging with AvePoint, a company that provides various technology services, including data management. AvePoint appears to be a fine company that’s growing fairly quickly. Moreover, AvePoint is in a favorable sector, and it certainly has some positive attributes. Still, I can’t enthusiastically recommend buying APXT stock at this…
Tag: NASDAQ:APXT
APXT Stock: There’s a Great Story Behind This SPAC
Apex Technology Acquisition (NASDAQ:APXT) is suffering due to the wider SPAC sell-off. APXT stock is down almost 20% in the last three months, with shares trading only marginally above the $10 SPAC offering price. Source: Dmitry Demidovich/ShutterStock.com For me, the price movement is not surprising. Special purpose acquisition companies, or SPACs, were the hottest investment concept…
AvePoint Still Looks Undervalued Though Its SPAC Merger Hasn’t Closed Yet
Apex Technology Acquisition Corp (NASDAQ:APXT), a SPAC (special purpose acquisition company) still hasn’t closed its merger with AvePoint. I wrote about this on March 24 and developed a model to value AvePoint. My price target for APXT stock was $15.34 (the new symbol will be AVPT). I still have this target price and in fact, have…
SPACs Have Been Frothy, But Apex Technology Is an Exception
Last year a landmark year for special purpose acquisition companies (SPACs). More companies went public via the SPAC route than any time from 2009 to 2019. As a result, the market for SPACs had become frothy and needed correction, which has been the case so far this year. However, Apex Technology (NASDAQ:APXT) stock was fairly…