APURU Aperture AC
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Executive Summary
Aperture AC (APURU) filed an 8-K documenting the closing of its IPO on May 20, 2026, including entry into an underwriting agreement with IB Capital for 9,000,000 units at $10.00/unit, amendments to governing documents, private placements to the sponsor and underwriters, and the appointment of board members. The IPO raised $90.0M in gross proceeds (before over-allotment), of which $90.225M was deposited into a trust account. The filing is routine for a SPAC IPO — no unexpected or material negative items are present.
Key Financial Metrics
Actionable Insight
Standard SPAC IPO closing — no material new information beyond the disclosed terms. Monitor for any 8-K announcing a definitive business combination agreement within the 12-month window. The trust value of ~$10.00/share provides downside protection for public shareholders via redemption rights.
Key Facts
- Underwriting agreement for 9,000,000 units at $10.00/unit (gross proceeds of $90.0M) — over-allotment option for 1,350,000 additional units.
- Net proceeds of $90.225M deposited into trust account from firm units and private placement of 290,000 placement units ($2.9M).
- Founder shares (3,828,082 Class B shares) issued for $25,000; up to 499,315 subject to forfeiture if over-allotment not exercised in full.
- Sponsor and underwriters purchased 210,000 and 80,000 placement units, respectively, at $10.00/unit in private placements.
- Representative awarded 450,000 ordinary shares (Representative's Shares) as additional compensation, locked up for 180 days.
- Amended and restated memorandum and articles of association adopted on May 20, 2026.
- Registration Rights Agreement entered into among the company, sponsor, and underwriters/representative.
- Working capital of ~$600,000 released to company outside trust account; up to $500,000 in insider loans available.
- No specific business combination target identified — standard SPAC IPO structure with 12-month completion window.
Financial Impact
IPO gross proceeds of $90.0M (firm units) plus $2.9M from private placement units; total trust deposit of $90.225M.
Risk Factors
- No target identified — risk of no deal and liquidation if business combination not completed within 12-month window.
- Dilution from over-allotment (up to 1.35M additional units) and conversion of founder shares (up to 3.83M Class A shares) at deal closing.
- Working capital loans (up to $500K, potentially $1.5M convertible) may create additional dilution.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-060674 |
| Document: ea029197501ex1-1.htm | 0001213900-26-060674 |
| Document: ea029197501ex10-2.htm | 0001213900-26-060674 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 9, 2026
9d ago
|
25-NSE
| $10.09 awaiting T+5 | awaiting T+5 | — | $10.09 (−0.00%) |
|
Jun 9, 2026
9d ago
|
8-K
| $10.04 awaiting T+5 | awaiting T+5 | — | $10.09 (+0.50%) |
|
May 22, 2026
27d ago
|
8-K
| $9.99 $10.02 | ▲ +0.30% | ▼ −0.91% | $10.09 (+1.00%) |
US Market Status
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