Apex Treasury signs deal to take AI data center operator TECfusions public in USD 4 billion merger

• TECfusions agreed to combine with Apex Treasury in a deal valuing TECfusions at a USD 4 billion pre-money equity value.
• The transaction implies a pro forma enterprise value of about USD 4.2 billion, assuming no shareholder redemptions and USD 35 million PIPE proceeds.
• An institutional investor committed USD 35 million in a PIPE at USD 10 per share, matching the USD 4 billion valuation.
• TECfusions develops and operates AI-ready data centers with integrated power infrastructure, with activity in Virginia, Arizona, and Pennsylvania.
• The closing is targeted for the fourth quarter of 2026, with the combined company expected to trade on Nasdaq under the ticker TECF.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Apex Treasury Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-080199), on July 22, 2026, and is solely responsible for the information contained therein.