Aperture AC (NASDAQ: APUR) and Atlantic HPC Group announced Leo Lin’s appointment as Atlantic’s chief executive officer, effective October 1, 2026. Lin succeeds Jacqueline Jiang, who stepped down as CEO and remains on Atlantic’s board.
Lin has more than 20 years of experience and has consulted for technology start-ups and early-stage companies since 2023 on business planning, financial planning and fundraising. His previous roles include chief financial officer positions at Eat Just and Karma Automotive, and vice president of finance at NIO USA.
Lin said he plans to advance Atlantic’s high-performance computing infrastructure strategy and help prepare it to operate as a public company following the closing of its proposed business combination with Aperture. The appointment is to Atlantic, not Aperture.
Aperture AC (NASDAQ: APUR) announced that merger partner Atlantic HPC Group completed its Valley Oasis Development acquisition on September 23, 2026.
Atlantic acquired 100% of the membership interests in the Tennessee entity, which holds two Dyersburg Electric System power contracts totaling 29 MW and a one-acre land lease. The substation-adjacent property has heavy-industrial zoning suitable for bitcoin mining and high-density AI computing. Atlantic's utility-approved capacity now totals 127 MW, with 76 MW under development. Utility-approved capacity means contracted capacity, not approval for delivery or energized power. Approximately 14.5 MW can be served on existing infrastructure after utility construction, subject to Atlantic funding those costs; the remaining 14.5 MW requires transformer upgrades. Aperture's business combination with Atlantic remains proposed.
Aperture AC (APUR) and Atlantic HPC Group signed a definitive business combination agreement on September 11, 2026 to take Atlantic public via a merger expected to close in the first quarter of 2027.
The deal assigns Atlantic a pre-money equity value of $150 million, with consideration payable in 15,000,000 Aperture Class A shares valued at $10.00 each, and Atlantic stockholders rolling 100% of their equity into the combined company. They may earn up to 6,000,000 additional earnout shares tied to one operational lease milestone and two share-price hurdles of $12.50 and $15.00.
The transaction could deliver up to $102 million in gross proceeds from Aperture’s trust, assuming no redemptions and before expenses. Atlantic reported unaudited FY2026 revenue of $28.6 million, EBITDA of $4.4 million, a 1.9 EH/s hash rate and 303 bitcoin mined, supported by a 121 MW development pipeline and 51 MW currently in operation across Oklahoma, Arkansas and Ohio.
Aperture AC (Nasdaq: APUR) announced that effective June 10, 2026, its units will cease trading and automatically separate into Class A ordinary shares and rights.
The Class A shares and rights will trade separately on the Nasdaq Capital Market under ticker symbols APUR and APURR. No holder action is required.
Aperture AC (Nasdaq: APUR) closed its initial public offering of 10,200,000 units, including 1,200,000 units from a partial over-allotment exercise, at $10.00 per unit, generating $102,000,000 in gross proceeds.
The SPAC’s units trade on the Nasdaq Capital Market under ticker APURU, with shares and rights expected to trade separately as APUR and APURR.
Aperture AC priced its $90 million initial public offering of 9,000,000 units at $10.00 per unit. Units are expected to begin trading on Nasdaq on May 21, 2026 under ticker APURU.
Each unit includes one Class A share and one right to receive one-fourth of a Class A share. Underwriters have a 30‑day option to buy up to 1,350,000 additional units.