Equities

IFR US ECM Pricings

| Robert Sherwood

Apex Treasury (Cayman Islands, SPAC) ─ $300m IPO. 30m units (Primary) at $10.00. COHEN. Nasdaq “APXTU”. Each unit comprises one share and one-half warrant. Ajmal Rhaman/Hugh Cochrane. Blockchain. 24 months. 100% in trust. Upsized from 25m units.

Galaxy Digital (Canada, crypto mining) – $1.15bn 5.5y exch cvt priced at 0.5%, up 37.5% versus 0.5%-1.0% and 35%-40% marketing. GS, JPM. Upsized from $1bn.

VSE (US, aircraft parts) ─ $400m ABB. 2.4m shares (Primary) at $170.00 versus $165.00-$175.00 marketing and $179.52 last sale. JEFF, MS. Upsized from $350m. Wall cross.

Topics

Equity Capital ABBs and Block Trades Americas Structured Equity Marketed Follow-Ons US Dollar Initial Public Offerings (IPO) North America Canada Latin America Mexico United States

Issuers

VSE Corp (VSEC.O) Galaxy Digital Holdings Ltd (GLXY.TO)