APXT - Avepoint to purchase $20M Apex shares

April, 14 2021 05:31 PM Apex Technology Acquisition Corp - Class A

AvePoint announces that the BOD has authorized a share purchase program pursuant to which the company may purchase up to $20M of Apex Technology Acquisition (APXT).The closing of the business combination remains subject to customary closing conditions, including SEC review and the approval of the shareholders of Apex and AvePoint."This share purchase program demonstrates the Board's confidence in our future and our commitment to deliver value to our shareholders. Our strong cash flow and balance sheet enable us to create value for our existing shareholders by reducing dilution associated with the proposed business combination at what we believe to be an attractive valuation." comments CEO, Dr. Tianyi Jiang.Shares +0.9% after hours.

For further details see:

Avepoint to purchase $20M Apex shares

Company Name:	Apex Technology Acquisition Corp - Class A
Stock Symbol:	APXT
Market:	NASDAQ

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