Monitor for business combination announcements. The SPAC has 18-24 months to identify a target; any definitive agreement will trigger a significant re-rating. Track insider trading and redemptions ahead of the merger vote.
Price Chart
Executive Summary
Aperture AC (APURU) closed its IPO of 10.2M units at $10/unit, raising $102M in gross proceeds. The blank-check company, led by Calvin Kung and Daniel Zhao, will search for a business combination target. The IPO provides the trust capital for a future de-SPAC transaction.
Key Financial Metrics
Key Facts
- IPO of 10,200,000 units at $10.00 per unit, including 1,200,000 units from partial exercise of over-allotment option
- Gross proceeds of $102,000,000
- Each unit consists of one Class A ordinary share and one right to receive 1/4 of one Class A ordinary share upon an initial business combination
- Units began trading on Nasdaq on May 21, 2026 under ticker APURU; Class A shares and rights expected to trade separately under APUR and APURR
- Management team: CEO Calvin Kung, CFO Daniel Zhao; Board includes Zhen Tan, Song Pettus, Thomas Elliott Friend
- IB Capital, LLC acted as book-running manager; EarlyBirdCapital and I-Bankers Securities as joint book runners
Financial Impact
Gross proceeds of $102,000,000 from IPO at $10.00 per unit
Risk Factors
- No identified target yet; risk of failing to complete a business combination within the allotted time
- Shareholder redemptions at merger vote could reduce trust proceeds
- SPAC market conditions may affect ability to find a quality target at attractive valuation
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3300385 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | SC 13G/A | $10.04 $10.05 | ▲ +0.10% | ▲ +2.07% | $10.05 (+0.10%) |
Oct 7, 2026 20d ago | 425 | $10.04 $10.05 | ▲ +0.10% | ▲ +1.08% | $10.05 (+0.10%) |
Oct 7, 2026 20d ago | 8-K | $10.04 $10.05 | ▲ +0.10% | ▲ +1.08% | $10.05 (+0.10%) |
Sep 30, 2026 27d ago | 425 | $10.04 $10.04 | · 0.00% | ▼ −1.91% | $10.05 (+0.10%) |
Sep 30, 2026 27d ago | 8-K | $10.04 $10.04 | · 0.00% | ▼ −1.91% | $10.05 (+0.10%) |
Sep 30, 2026 27d 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
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