Mr. Ryan Roebuck reports
APOLO V ACQUISITION CORP. COMPLETES INITIAL PUBLIC OFFERING
Apolo V Acquisition Corp. has successfully completed an initial public offering (the IPO) of eight million common shares of the corporation at a price of 10 cents per common share for gross proceeds of $800,000.
It is anticipated that the common shares of the corporation will commence trading on the TSX Venture Exchange Oct. 24, 2025, under the stock symbol AFV.P.
When combined with the cash proceeds raised prior to the IPO, the corporation has raised total gross proceeds of $1,751,315 and has a total of 27,026,300 common shares issued and outstanding, of which 19,026,300 are currently held in escrow pursuant to the policies of the exchange. In connection with completion of the IPO, the corporation will grant stock options to the directors and officers of the corporation, exercisable to acquire up to an aggregate of 1,902,630 common shares at an exercise price of five cents per option and up to an aggregate of 800,000 common shares at an exercise price of 10 cents per option, each of which shall expire 10 years following the grant of the options.
The net proceeds of the offering, together with the proceeds from prior sales, will be used by the corporation to identify and evaluate assets or businesses for acquisition with a view to completing a qualifying transaction in accordance with the policies of the exchange.
Canaccord Genuity Corp. acted as agent for the IPO. In connection with the offering, the corporation granted to the agent and its selling group non-transferable warrants to acquire up to an aggregate of 784,000 common shares. Each agent's warrant is exercisable to acquire one common share at a price of 10 cents for a period of five years from the date of the closing of the IPO. In connection with the offering, the agent also received a cash commission and an administration fee.
The current directors and officers of the corporation are: Ryan Roebuck, chief executive officer, chief financial officer and director; Michael Galego, director; Michael Young, director; and Jeff Hergott, corporate secretary and director.
For further information, please see the corporation's final prospectus dated Sept. 16, 2025, available under the corporation's profile on SEDAR+.
About Apolo V Acquisition Corp.
The corporation is a CPC that has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the exchange's CPC policy, until the completion of its qualifying transaction, the corporation will not carry on business, other than the identification and evaluation of businesses or assets with a view to completing a qualifying transaction.
We seek Safe Harbor.
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