TECfusions, a Florida‑based data‑center operator, plans to go public by merging with the New York‑listed SPAC Apex Treasury in a deal that values it at about $4.2 billion. The company, which hosts one of North America’s largest AMD‑based AI training clusters, expects to close the transaction in the fourth quarter and begin trading on the Nasdaq, pending shareholder and regulatory approvals.

The valuation reflects contracted and advanced‑stage projects, a planned expansion into Chile, and long‑term customer agreements. An institutional investor is anchoring a $35 million PIPE alongside the de‑SPAC transaction, though the investor remains unnamed.

Simon Tusha, founder and chief technology officer, said TECfusions chose the SPAC route over a conventional IPO partly because of the current market environment.