Apex Wins Nasdaq Listing, Prices US$1.86M ADS Offering at $4.65
APXCF sits 44% above its 52-week low of $0.66 on elevated volume (4.8× avg).
Summary
Apex got approval to list American Depositary Shares on the Nasdaq Capital Market under APXC, with trading expected to start October 23, 2026 alongside an underwritten offering that is also expected to close that day. The deal is 400,000 ADSs at US$4.65 each, with each ADS representing 6 common shares, for gross proceeds of about US$1.86 million before fees, and Maxim Group LLC is sole book-running manager. The underwriter holds a 45-day option for up to 60,000 more ADSs. Net proceeds go to working capital and the ongoing drill program at the Rift Rare Earth Project in Nebraska. The raise is small relative to the company and priced off a shelf registration on Form F-10, File No. 333-298319, that became effective August 13, 2026, so the main event here is the US listing itself rather than the capital raised. No securities will be offered or sold to Canadian purchasers under the offering, and a preliminary prospectus supplement and accompanying prospectus were filed with the SEC, with final terms to be disclosed in a final prospectus supplement.
Updated with an SEC 6-K filing · What changed
Updates
· SEC 6-K — Apex's offering is expected to close October 23, 2026, with Maxim Group LLC as sole book-running manager and net proceeds funding working capital and the Rift Rare Earth drill program.
- No securities will be offered or sold to Canadian purchasers under the Offering.
- Offering made under effective shelf registration statement on Form F-10, File No. 333-298319, which became effective on August 13, 2026.
- A preliminary prospectus supplement and accompanying prospectus were filed with the SEC; final terms of the Offering will be disclosed in a final prospectus supplement to be filed with the SEC.
At the time of this announcement, APXCF was trading at $0.95 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $91.6M. The 52-week trading range was $0.66 to $2.87. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.