APUR Aperture AC
Executive Summary
Aperture AC completed its $90M SPAC IPO, pricing 9,000,000 units at $10.00/unit on May 20, 2026, with delivery expected May 22, 2026. The blank-check company has no operations, no target selected, and plans to focus on digital asset infrastructure. Proceeds of $90,225,000 will be held in trust pending a business combination within 12 months.
Key Financial Metrics
Actionable Insight
Standard SPAC IPO with no target identified. Monitor for business combination announcements within the 12-month window. The units begin trading on Nasdaq under APURU; separate trading of shares (APUR) and rights (APURR) expected on the 52nd day post-prospectus. No immediate trading catalyst beyond the listing itself.
Key Facts
- 9,000,000 units priced at $10.00/unit for gross proceeds of $90,000,000
- Each unit consists of one Class A ordinary share and one right to receive 1/4 Class A share post-business combination
- $90,225,000 deposited into trust account ($10.025 per unit)
- Underwriters have 30-day option for up to 1,350,000 additional units
- Sponsor and underwriters purchasing 290,000 private placement units at $10.00/unit ($2,900,000 total)
- Sponsor holds 3,828,082 founder shares purchased for $25,000 (~$0.007/share)
- 12-month window to complete initial business combination
- Units to trade on Nasdaq under APURU; Class A shares under APUR; rights under APURR
- Underwriters: IB Capital LLC, EarlyBirdCapital, Inc., I-Bankers Securities, Inc.
- Underwriting discount of $0.15/unit ($1,350,000 total) plus 450,000 representative shares
Financial Impact
$90,000,000 gross IPO proceeds; $90,225,000 in trust ($10.025/unit); $600,000 working capital outside trust
Risk Factors
- No target selected; may fail to find suitable business combination within 12 months
- Immediate and substantial dilution for public shareholders due to sponsor's nominal cost for founder shares ($0.007 vs $10.00)
- Sponsor and management have conflicts of interest; may prioritize completing any deal over shareholder value
- Anti-dilution provisions on founder shares could cause additional dilution in a business combination
- If no business combination completed, public shareholders receive ~$10.025/share and rights expire worthless
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B4 Filing (Primary) | 0001213900-26-060082 |
| Document: 0001213900-26-060082-index-headers.html | 0001213900-26-060082 |
| Document: 0001213900-26-060082-index.html | 0001213900-26-060082 |
| Document: 0001213900-26-060082.txt | 0001213900-26-060082 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 17, 2026
1d ago
|
3
| $9.92 awaiting T+5 | awaiting T+5 | — | $9.90 (−0.20%) |
|
Jun 9, 2026
9d ago
|
Press Release
| $10.09 $9.92 | ▼ −1.68% | ▼ −3.49% | $9.90 (−1.88%) |
|
May 22, 2026
27d ago
|
Press Release
| — | awaiting T+5 | — | — |
|
May 21, 2026
28d ago
|
424B4
| $10.00 $10.02 | ▲ +0.20% | ▼ −1.53% | $9.90 (−1.00%) |
|
May 20, 2026
29d ago
|
Press Release
| $10.00 $10.01 | ▲ +0.10% | ▼ −1.75% | $9.90 (−1.00%) |
|
May 15, 2026
5w ago
|
EFFECT
| — | awaiting T+5 | — | — |
|
May 6, 2026
6w ago
|
S-1/A
| — | awaiting T+5 | — | — |
US Market Status
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