Monitor the S-4 registration statement filing and subsequent shareholder vote for redemption levels, which will determine post-merger cash position. The earnout milestones tied to share price and data center leasing provide catalysts for the next 5 years.
Price Chart
Executive Summary
Aperture AC (APUR) entered into a definitive Business Combination Agreement to acquire Atlantic HPC Group Inc., a bitcoin mining and high-performance computing infrastructure company, in a SPAC merger valued at $150 million in stock. The transaction includes an earnout of up to 6 million additional shares based on share price milestones and a data center lease milestone. The deal requires shareholder approvals and regulatory clearances, with a termination date of May 22, 2027.
Key Financial Metrics
Key Facts
- Merger consideration is $150,000,000 in SPAC common stock, valued at $10.00 per share
- Up to 6,000,000 earnout shares available based on share price milestones ($12.50 and $15.00 VWAP) and a 5MW data center lease milestone
- SPAC trust account balance was approximately $102,612,000 as of June 30, 2026
- Sponsor waives anti-dilution protection on Founder Shares
- 70% of Company stockholder consideration shares subject to lock-up for 6 months post-closing
- Closing conditions include SPAC shareholder approval, Company stockholder approval, and regulatory approvals
- Outside date for closing is May 22, 2027, extendable if SPAC shareholders approve an extension
Financial Impact
Base merger consideration of $150 million in stock; earnout potential of up to 6 million additional shares; trust account of ~$102.6 million available for redemptions and expenses
Risk Factors
- Shareholder redemptions could significantly reduce trust account cash available for the combined company
- Failure to achieve earnout milestones would reduce total consideration for selling shareholders
- Regulatory approvals and shareholder votes may delay or prevent closing
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-100601 |
| Document: ea030534901ex10-4.htm | 0001213900-26-100601 |
| Document: ea0305349-8k425_aperture.htm | 0001213900-26-100601 |
| Document: ea030534901ex10-1.htm | 0001213900-26-100601 |
| Document: ea030534901ex10-2.htm | 0001213900-26-100601 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | SC 13G/A | $10.04 $10.05 | ▲ +0.10% | ▲ +2.07% | $10.05 (+0.10%) |
Oct 7, 2026 19d ago | 425 | $10.04 $10.05 | ▲ +0.10% | ▲ +1.08% | $10.05 (+0.10%) |
Oct 7, 2026 19d ago | 8-K | $10.04 $10.05 | ▲ +0.10% | ▲ +1.08% | $10.05 (+0.10%) |
Sep 30, 2026 26d ago | 425 | $10.04 $10.04 | · 0.00% | ▼ −1.91% | $10.05 (+0.10%) |
Sep 30, 2026 26d ago | 8-K | $10.04 $10.04 | · 0.00% | ▼ −1.91% | $10.05 (+0.10%) |
Sep 30, 2026 26d ago | Press Release | $10.04 $10.04 | · 0.00% | ▼ −1.91% | $10.05 (+0.10%) |
Sep 16, 2026 5w ago | 425 | $10.02 $10.03 | ▲ +0.07% | ▼ −0.53% | $10.05 (+0.27%) |
Sep 16, 2026 5w ago | 8-K | $10.02 $10.03 | ▲ +0.07% | ▼ −0.53% | $10.05 (+0.27%) |
Sep 11, 2026 6w ago | 425 / 8-K | $10.03 $10.04 | ▲ +0.10% | ▲ +0.32% | $10.05 (+0.20%) |
Jun 17, 2026 18w ago | 3 | $9.90 $9.90 | · 0.00% | ▲ +1.67% | $10.05 (+1.52%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers