Apex Treasury signs deal to take AI data center operator TECfusions public in USD 4 billion merger
APXT•Merger values TECfusions at $4 billion
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 data center business and closing timeline
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.
