TECfusio s is positio ed whe e accele ati g AI data ce te dema d meets a sca city of powe -secu ed capacity.
Compa y ethos ce te ed o the fusio of ‘Tech ology, E vi o me t, Commu ity’ focuses o delive i g AI- eady capacity while adva ci g e vi o me tal edevelopme t a d local commu ity outcomes.
U ique adaptive euse st ategy desig ed to co ve t legacy i dust ial sites i to AI- eady, powe -e abled data ce te i f ast uctu e, accele ati g deployme t i powe -co st ai ed ma kets.
The T a sactio values TECfusio s at a p e-mo ey equity value of $4.0 billio a d i cludes a $35 millio PIPE f om a i stitutio al i vesto at $10.00 pe sha e.
CLEARWATER, Fla. a d VERO BEACH, Fla., July 22, 2026 (GLOBE NEWSWIRE) —
TECfusio s is buildi g a diffe e tiated digital i f ast uctu e platfo m fo the AI e a th ough a ve tically i teg ated app oach to AI- eady data ce te developme t. The Compa y’s app oach aims to combi e adaptive euse of existi g eal estate, efficie t low wate usage cooli g, a d i teg ated powe i f ast uctu e to suppo t la ge-scale compute deployme ts fo hype scale s, eocloud te a ts, a d e te p ise AI custome s. This platfo m is built a ou d th ee co e pilla s of Tech ology, E vi o me t, a d Commu ity guidi g site selectio , developme t, a d ope atio s. TECfusio s aims to p ovide space, powe a d cooli g to its te a ts, while avoidi g di ect exposu e to the mo e volatile GPU ow e ship a d compute laye .
Today, TECfusio s has ope ati g a d developme t activity i th ee st ategic U.S. ma kets, amely Cla ksville, Vi gi ia; Tucso , A izo a; a d New Ke si gto , Pe sylva ia. These sites have the pote tial to suppo t a multi-gigawatt (“GW”) developme t pipeli e ove time while e abli g e vi o me tal edevelopme t a d commu ity pa t e ship p og ams i legacy i dust ial ma kets, a d p ovidi g a fou datio fo expa sio i to additio al ma kets as AI data ce te dema d co ti ues to g ow a d powe availability, site eadi ess, a d speed of deployme t become i c easi gly impo ta t.
A co e pa t of TECfusio s’ st ategy is the adaptive euse of legacy i dust ial p ope ties, which ca mate ially accele ate deployme t, lowe capital expe ditu es, a d educe zo i g a d e titleme t complexity elative to t aditio al g ee field developme t. Whe pai ed with a i teg ated powe st ategy that i cludes o -site ge e atio , this app oach is desig ed to give TECfusio s g eate co t ol ove speed, cost, esilie ce, a d scalability as dema d fo powe -secu ed AI i f ast uctu e co ti ues to i c ease. By focusi g o adaptive euse, TECfusio s aims to co ve t u de utilized i dust ial p ope ties i to p oductive assets that ca suppo t jobs, tax base, a d commu ity p og ams i host ma kets. This adaptive euse app oach, combi ed with low-wate , high-efficie cy cooli g a d i teg ated powe i f ast uctu e, is desig ed to suppo t la ge-scale compute deployme ts while educi g e vi o me tal impact.
TECfusio s’ cu e t po tfolio eflects a mix of live, co t acted, a d pla ed capacity. I Cla ksville, Vi gi ia, the Compa y has 37 megawatts (“MW”) live; i Tucso , A izo a, it has 16 MW live, a d a additio al 12 MW co t acted; a d i New Ke si gto , Pe sylva ia, Phase 1 comp ises 12 MW that is fully co t acted, with 2 MW cu e tly live, a d subseque t phases pla ed to p ovide fo futu e expa sio capacity. Each of these sites has bee developed with TECfusio s’ Tech ology, E vi o me t, Commu ity f amewo k i mi d, i cludi g pla s fo local employme t, t ai i g, a d edevelopme t i itiatives.
Tusha co ti ued, “As dema d fo AI a d high-pe fo ma ce compute co ti ues to g ow, custome s i c easi gly eed scalable, esilie t data ce te capacity o timeli es that t aditio al developme t models ofte ca ot match. As a public compa y, we a ticipate access to the public capital ma kets will e ha ce ou ability to accele ate developme t ac oss ou existi g po tfolio, expa d i to additio al st ategic ma kets, a d co ti ue buildi g a leadi g i f ast uctu e platfo m fo the global AI eco omy i pa t e ship with the commu ities.”
The U.S. data ce te ma ket is expe ie ci g a pe iod of sustai ed expa sio , with p ojected g owth of mo e tha 10% a ually f om $126 billio i 2025 to $277 billio by 2033. Withi that ma ket the AI data ce te segme t is expected to g ow at mo e tha 20% a ually, expa di g f om $35 billio to $167 billio ove the same pe iod, u de sco i g that a i c eased sha e of i dust y g owth is bei g d ive by AI wo kloads athe tha t aditio al e te p ise dema d. Supply of suitable AI data ce te capacity emai s tight, leasi g activity is expected to emai elevated, a d powe availability has become a p ima y bottle eck i site selectio .
Alo gside this expa sio , stakeholde s a e i c easi gly focused o the impact of data ce te g owth o powe availability, wate esou ces, a d local commu ities. TECfusio s’ st ategy is desig ed to add ess these co ce s by combi i g adaptive euse, i teg ated powe , a d low-wate cooli g with commu ity pa t e ships a d edevelopme t i itiatives. At the same time, custome s, commu ities, a d policymake s a e focused o how data ce te g owth affects powe availability, wate esou ces, a d local eco omies. TECfusio s’ Tech ology, E vi o me t, Commu ity model – combi i g adaptive euse, i teg ated powe , a d low-wate cooli g – is desig ed to espo d to those co ce s while delive i g AI- eady capacity.
Impo ta tly, the timi g of this oppo tu ity is bei g shaped by a ma ket that is expa di g quickly while becomi g ha de to se ve. AI-d ive dema d is i c easi g at the same time that powe availability, i te co ectio timi g, a d site eadi ess a e all becomi g majo co st ai ts, which is i c easi g the value of platfo ms that ca move f om site co t ol to e e gized capacity o accele ated timeli es.
Agai st that backd op, TECfusio s is positio ed a ou d o e of the most c itical co st ai ts i the ma ket: the ability to delive powe ed, AI- eady capacity quickly i a e vi o me t whe e dema d is accele ati g a d both powe -secu ed a d the mally capable capacity emai co st ai ed. The busi ess model aims to combi e adaptive euse, i teg ated powe , a d a stated 3+ GW developme t pla , which the Compa y believes ca comp ess deployme t timeli es f om yea s to mo ths a d educe elia ce o co st ai ed utility i te co ectio queues.
TECfusio s also sees a umbe of visible catalysts that could suppo t co ti ued mome tum, i cludi g additio al gove me t-backed i f ast uctu e o e e gy i itiatives, hype scale a d eocloud commitme ts, ew site a ou ceme ts, offtake a d leasi g ag eeme ts, a d commu ity pa t e ships tied to edevelopme t a d job c eatio . The Compa y believes the policy backd op is becomi g i c easi gly eleva t, as gove me t-suppo ted e e gy a d i f ast uctu e i itiatives may fu the elevate the st ategic impo ta ce of g id- esilie t, apidly deployable AI i f ast uctu e. Visible catalysts i clude site developme t milesto es, leasi g a d offtake ag eeme ts, hype scale a d eocloud commitme ts, gove me t-suppo ted e e gy a d i f ast uctu e i itiatives, a d commu ity edevelopme t a d job-c eatio p og ams ac oss TECfusio s’ ma kets.
TECfusio s’ diffe e tiatio is built a ou d th ee key eleme ts – expe ie ced leade ship, i f ast uctu e co t ol, a d exposu e to a st uctu ally supply-co st ai ed ma ket – all u de pi ed by its Tech ology, E vi o me t, Commu ity focus. The Compa y p ovides powe ed shell, colocatio , a d tu key deployme t optio s depe di g o custome eeds.
At the ce te of that positio i g is fou de Simo Tusha, who ove mo e tha two decades has wo ked ac oss five co ti e ts a d completed mo e tha 1,500 data ce te p ojects.
U de the fou de ’s guida ce a d with a leade ship team with exte sive expe ie ce i the data ce te ma ket, TECfusio s has built a model i te ded to offe g eate co t ol ove the eleme ts that matte most i today’s developme t e vi o me t. By combi i g site developme t, powe st ategy, a d i f ast uctu e delive y i o e coo di ated app oach, a d by usi g adaptive euse a d o -site ge e atio to educe depe de ce o t aditio al g ee field timeli es a d utility i te co ectio p ocesses, the Compa y is aimi g to imp ove speed to ma ket, delive y ce tai ty, a d capital efficie cy. Those att ibutes a e i c easi gly impo ta t as custome s seek deployable, high-de sity i f ast uctu e o tighte timeli es.
Acco di gly, TECfusio s’ st ategy is desig ed to compete whe e ma ket f ictio is highest. Rathe tha app oachi g developme t as a seque ce of sepa ate eal estate, utility, a d co st uctio steps, the Compa y i teg ates those eleme ts i to a si gle executio model i te ded to educe delays, imp ove delive y ce tai ty, a d bette alig capacity build-out with custome dema d. That is pa ticula ly eleva t i ma kets whe e powe access a d speed to deployme t a e becomi g key diffe e tiato s.
TECfusio s has al eady demo st ated i itial executio of its st ategy:
- 37 MW live a d fully leased i Cla ksville, Vi gi ia,
- 16 MW live a d fully leased, with a additio al 12 MW co t acted, i Tucso , A izo a, a d
- 2 MW live a d fully leased, with a additio al 10 MW co t acted, i New Ke si gto , Pe sylva ia.
The Compa y’s flagship site at New Ke si gto , Pe sylva ia i cludes a 1,400-ac e campus with existi g i dust ial st uctu es totali g mo e tha o e millio squa e feet, as well as o -site wells accessi g Ma cellus Shale atu al gas. The New Ke si gto campus is also a focal poi t fo TECfusio s’ e vi o me tal edevelopme t a d commu ity pa t e ship effo ts, i cludi g pla s fo local employme t, t ai i g, a d lo g-te m e gageme t with egio al stakeholde s.
The Compa y believes its existi g site pla s ca suppo t capacity of at least 3 GW eflecti g the scale of the developme t oppo tu ity embedded i the cu e t po tfolio a d futu e phases of site expa sio .
TECfusio s’ st ategy is tied ot o ly to lo g-te m AI dema d g owth, but also to pa ticipatio i o e of the mo e supply-co st ai ed a d st ategically impo ta t laye s of digital i f ast uctu e, whe e powe , cooli g, a d deployme t capacity a e becomi g i c easi gly impo ta t d ive s of value c eatio . The Compa y also believes its st ategy ca suppo t e vi o me tal edevelopme t, local job c eatio , a d commu ity pa t e ships ac oss the Compa y’s ma kets.
The T a sactio values TECfusio s at a p e-mo ey equity value of $4.0 billio a d implies a p o fo ma e te p ise value of app oximately $4.2 billio , assumi g o edemptio s by existi g Apex T easu y public sha eholde s a d $35 millio i g oss committed PIPE p oceeds. Expected p oceeds a e i te ded to suppo t developme t ac oss existi g sites a d bala ce sheet g owth a d pay t a sactio expe ses. The T a sactio is expected to p ovide TECfusio s with additio al access to the public capital ma kets to suppo t site developme t, futu e expa sio , a d b oade st ategic flexibility as dema d fo AI- eady i f ast uctu e co ti ues to g ow.
Followi g closi g, TECfusio s’ existi g ma ageme t team is expected to co ti ue leadi g the combi ed compa y followi g the T a sactio (the “
A summa y of the mate ial te ms of the T a sactio , i cludi g a copy of the Busi ess Combi atio Ag eeme t a d othe elated docume ts, will be i cluded i a Cu e t Repo t o Fo m 8-K to be filed by Apex T easu y with the U.S. Secu ities a d Excha ge Commissio (the “
TECfusio s a d Apex T easu y will host a joi t i vesto i fo matio webi a o
The webi a will featu e a ma ageme t p ese tatio followed by a live questio -a d-a swe sessio . Discussio topics a e expected to i clude the Compa y’s adaptive euse model, i teg ated powe st ategy, a d commu ity e gageme t effo ts ac oss its st ategic ma kets.
Fo those u able to atte d live, a eplay of the webi a will be made available o the TECfusio s website followi g the eve t at www.tecfusio s.com.
Reve e Secu ities LLC is acti g as fi a cial adviso to TECfusio s a d PIPE placeme t age t i co ectio with the T a sactio . Paul Hasti gs LLP is se vi g as legal cou sel to TECfusio s, a d Sidley Austi LLP is se vi g as legal cou sel to Apex T easu y. Allia ce Adviso s I vesto Relatio s is se vi g as i vesto a d media elatio s adviso fo the T a sactio .
TECfusio s is buildi g the futu e of AI i f ast uctu e with a pla ed multi-gigawatt capacity oppo tu ity ac oss a apidly expa di g data ce te po tfolio, guided by its Tech ology, E vi o me t, Commu ity f amewo k. Desig ed fo speed, scale, a d sustai ability, TECfusio s’ facilities suppo t dema di g high-de sity compute e vi o me ts a d e able apid deployme t fo eocloud, e te p ise AI, a d GPU-as-a-Se vice p ovide s. By combi i g adaptive euse st ategies, low-wate , high-efficie cy cooli g, obust powe availability, a d ope atio al excelle ce, TECfusio s develops a d ma ages ext-ge e atio data ce te i f ast uctu e built to suppo t the g owi g dema ds of AI a d high-pe fo ma ce computi g while adva ci g e vi o me tal edevelopme t a d commu ity outcomes. Fo mo e i fo matio , visit www.tecfusio s.com.
Apex T easu y Co p. (Nasdaq: APXT) is a special pu pose acquisitio compa y fo med to pu sue a busi ess combi atio with a high-pote tial ta get compa y. Fo mo e i fo matio , visit www.apext easu yco p.com.
The i fo matio i this p ess elease may i clude “fo wa d-looki g stateme ts”. Fo wa d-looki g stateme ts may be ide tified by the use of wo ds such as “estimate,” “pla ,” “p oject,” “fo ecast,” “i te d,” “will,” “expect,” “a ticipate,” “believe,” “seek,” “ta get,” “co ti ue,” “could,” “may,” “might,” “possible,” “pote tial,” “p edict” o simila exp essio s that p edict o i dicate futu e eve ts o t e ds o that a e ot stateme ts of histo ical matte s. These stateme ts i clude: p ojectio s of ma ket oppo tu ity a d ma ket sha e; estimates of custome pe et atio ates a d usage patte s; p ojectio s ega di g TECfusio s’ ability to comme cialize ew p oducts a d tech ologies; p ojectio s of developme t a d comme cializatio costs a d timeli es; expectatio s ega di g TECfusio s’ ability to execute its busi ess model; expectatio s ega di g TECfusio s’ ability to att act, etai , a d expa d its custome base; TECfusio s’ expectatio s co ce i g elatio ships with st ategic pa t e s, supplie s, gove me ts, state-fu ded e tities, egulato y bodies a d othe thi d pa ties; TECfusio s’ ability to mai tai , p otect, a d e ha ce its i tellectual p ope ty; futu e pa t e ships, ve tu es o i vestme ts i compa ies, p oducts, se vices o tech ologies; the successful co summatio a d pote tial be efits of the T a sactio , i cludi g the a ticipated PIPE fi a ci g; a d the pote tial fo TECfusio s to i c ease i value.
These fo wa d-looki g stateme ts a e p ovided fo illust ative pu poses o ly a d must ot be elied o as a gua a tee, a assu a ce, a p edictio o a defi itive stateme t of fact o p obability. These stateme ts a e subject to k ow a d u k ow isks, u ce tai ties a d assumptio s that may cause the actual esults, levels of activity, pe fo ma ce o achieveme ts of the Combi ed Compa y to be mate ially diffe e t f om a y futu e esults exp essed o implied by such stateme ts. Such isks a d u ce tai ties i clude: that TECfusio s is pu sui g a eme gi g tech ology a d may ot achieve comme cializatio o ma ket accepta ce; TECfusio s’ histo ical et losses a d limited ope ati g histo y; expectatio s ega di g futu e fi a cial pe fo ma ce, capital equi eme ts a d u it eco omics; TECfusio s’ competitive la dscape; depe de ce o key ma ageme t; the pote tial eed fo additio al futu e fi a ci g; TECfusio s’ ability to ma age g owth; elia ce o st ategic pa t e s a d thi d pa ties; isks associated with p ivacy, data p otectio o cybe secu ity i cide ts; the use, ate of adoptio , a d egulatio of a tificial i tellige ce a d machi e lea i g; u ce tai ty o cha ges with espect to laws, egulatio s, taxes, t ade co ditio s a d the mac oeco omic e vi o me t; the Combi ed Compa y’s ability to mai tai i te al co t ol ove fi a cial epo ti g; the possibility that equi ed egulato y app ovals fo the T a sactio a e delayed o ot obtai ed; the isk that Apex T easu y sha eholde s could elect to have thei sha es edeemed; the outcome of a y legal p oceedi gs o gove me t i vestigatio s; failu e to ealize the a ticipated be efits of the T a sactio ; a d othe facto s desc ibed i Apex T easu y’s fili gs with the SEC. If a y of these isks mate ialize o assumptio s p ove i co ect, actual esults could diffe mate ially f om the esults implied by these fo wa d-looki g stateme ts. The e may be additio al isks that eithe TECfusio s o Apex T easu y p ese tly k ow o that TECfusio s o Apex T easu y cu e tly believe a e immate ial that could also cause actual esults to diffe f om those co tai ed i the fo wa d-looki g stateme ts. I additio , fo wa d-looki g stateme ts eflect TECfusio s’ a d Apex T easu y’s expectatio s, pla s o fo ecasts of futu e eve ts a d views as of the date of this p ess elease. Neithe TECfusio s o Apex T easu y u de takes a y obligatio to evise o update publicly a y fo wa d-looki g stateme t to eflect futu e eve ts o ci cumsta ces. Nothi g co tai ed he ei co stitutes o will be deemed to co stitute a fo ecast, p ojectio o estimate of the futu e fi a cial pe fo ma ce of TECfusio s, Apex T easu y o the Combi ed Compa y, followi g the impleme tatio of the T a sactio o othe wise. Acco di gly, u due elia ce should ot be placed o these stateme ts.
I additio , stateme ts that “we believe” a d simila stateme ts eflect ou beliefs a d opi io s o the eleva t subject. These stateme ts a e based upo i fo matio available to us as of the date of this p ess elease, a d while we believe such i fo matio fo ms a easo able basis fo such stateme ts, such i fo matio may be limited o i complete, a d ou stateme ts should ot be ead to i dicate that we have co ducted a exhaustive i qui y i to, o eview of, all pote tially available eleva t i fo matio . These stateme ts a e i he e tly u ce tai , a d i vesto s a e cautio ed ot to u duly ely upo these stateme ts.
A i vestme t i Apex T easu y is ot a i vestme t i a y of ou fou de s’ o spo so s past i vestme ts, compa ies o affiliated fu ds. The histo ical esults of those i vestme ts a e ot i dicative of futu e pe fo ma ce of Apex T easu y, which may diffe mate ially f om the pe fo ma ce of ou fou de s’ o spo so s past i vestme ts.
The T a sactio will be submitted to sha eholde s of Apex T easu y fo thei co side atio . Apex T easu y a d TECfusio s i te d to file a egist atio stateme t o Fo m S-4 (the “
Apex T easu y, TECfusio s a d ce tai of thei espective di ecto s, executive office s a d othe membe s of ma ageme t a d employees may be deemed to be pa ticipa ts i the solicitatio of p oxies f om Apex T easu y’s sha eholde s i co ectio with the T a sactio . I fo matio ega di g the pe so s who may be deemed pa ticipa ts will be set fo th i the p oxy stateme t/p ospectus whe filed by Apex T easu y with the SEC. You ca fi d mo e i fo matio about Apex T easu y’s di ecto s a d executive office s i the Regist atio Stateme t a d the p oxy stateme t/p ospectus that fo ms a pa t the eof, o ce available. Additio al i fo matio ega di g the pa ticipa ts i the p oxy solicitatio a d a desc iptio of thei di ect a d i di ect i te ests will be i cluded i the Regist atio Stateme t a d the p oxy stateme t/p ospectus which fo ms a pa t the eof whe it becomes available. Sha eholde s, pote tial i vesto s a d othe i te ested pe so s should ead the p oxy stateme t/p ospectus ca efully whe it becomes available befo e maki g a y voti g o i vestme t decisio s.
The secu ities to which this p ess elease elates have ot bee egiste ed u de the Secu ities Act of 1933, as ame ded (the “
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE BUSINESS COMBINATION OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
