Apex Raises $1.86M in ADS Offering, Begins Nasdaq Trading as APXC
APXC sits 32% above its 52-week low of $5.08.
Summary
Apex closed a 400,000-ADS underwritten offering at $4.65 per ADS, raising $1.86 million gross before fees, and its shares began trading on the Nasdaq Capital Market under APXC on October 23, 2026. Each ADS represents six common shares, and the company granted Maxim Group, the sole book-runner, a 45-day option for up to 60,000 more ADSs. Proceeds go to working capital and the drill program at the Rift Rare Earth Project in Nebraska. The raise is small relative to the company's roughly $93 million market value, so dilution is modest; the more meaningful item is the U.S. listing itself, which broadens the investor base beyond the existing Euronext Access Paris line (MLAPX). The OTC quote APXCF is the related U.S. secondary line for the same company.
At the time of this announcement, APXC was trading at $6.70 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $92.9M. The 52-week trading range was $5.08 to $8.89. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.