Monitor for business combination announcements within 12 months. Track insiders and sponsor transactions for signals. The IPO pricing and terms have remained consistent across amendments.
Executive Summary
Aperture AC files its fourth amended S-1 for a $90M SPAC IPO offering 9M units at $10/unit, each consisting of one Class A share and a right to receive 1/4 of a share post-business combination. The blank-check company has no operations, no target selected, and plans to focus on digital asset infrastructure. Proceeds will be held in trust pending a business combination within 12 months.
Key Financial Metrics
Key Facts
- Offering 9,000,000 units at $10.00 per unit, each consisting of one Class A share and one right to receive 1/4 of a Class A share upon business combination.
- Underwriters over-allotment option for up to 1,350,000 additional units.
- $90,225,000 of proceeds to be placed in trust account ($10.025 per unit).
- Company has 12 months from closing to complete initial business combination.
- No target business selected; focus on lower middle market digital asset infrastructure companies.
Financial Impact
$90M gross proceeds from IPO, with $90.225M deposited in trust account.
Risk Factors
- No operating history and no identified target business.
- May fail to complete business combination within 12 months, forcing liquidation at ~$10.025/share.
- Sponsor dilution risk due to low-cost founder shares (27% ownership post-IPO).
- Rights expire worthless if no business combination is completed.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-1/A Filing (Primary) | 0001213900-26-052910 |
| Document: ea026474106ex3-2.htm | 0001213900-26-052910 |
| Document: ea026474106ex1-1.htm | 0001213900-26-052910 |
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
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