Northwire Canada EditionFriday, October 16, 2026
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Financings

Apolo V Acquisition Corp. Completes Initial Public Offering

AFV · Price

Executive Summary

  • Apolo V Acquisition Corp. completed an IPO of 8,000,000 common shares at $0.10 per share, raising gross proceeds of $800,000.
  • Combined with prior cash sales, total gross proceeds now equal $1,751,315, which will be used to seek a Qualifying Transaction under TSX Venture Exchange CPC rules.
  • The corporation granted stock options to directors/officers (up to 2,702,630 shares) and issued non‑transferable warrants to the IPO agent for up to 784,000 shares.

Key Details

  • IPO Size & Pricing: 8,000,000 common shares sold at $0.10 per share → $800,000 gross proceeds.
  • Total Capital Raised: $1,751,315 (including prior cash sales).
  • Shares Outstanding Post‑IPO: 27,026,300 total; 19,026,300 held in escrow per Exchange policies.
  • Use of Proceeds: Identify and evaluate assets or businesses for acquisition to complete a Qualifying Transaction under CPC policy.
  • Director/Officer Stock Options Granted:
  • Up to 1,902,630 shares at $0.05 exercise price.
  • Up to 800,000 shares at $0.10 exercise price.
  • All options expire ten (10) years from grant date.
  • Agent Warrants: Cantera Genuity Corp. received warrants for up to 784,000 common shares at $0.10 per share, exercisable for five (5) years from IPO closing.
  • Commission & Fees: Agent received cash commission and administration fee (amounts not disclosed).
  • Trading Commencement: Shares expected to begin trading on TSX Venture Exchange under ticker “AFV.P” on October 24, 2025.
  • Current Management Team: Ryan Roebuck – CEO, CFO & Director; Michael Galego – Director; Michael Young – Director; Jeff Hergott – Corporate Secretary & Director.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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