Aperture AC Announces Closing of $102,000,000 Initial Public Offering, Including Partial Exercise of Underwriters’ Over-Allotment Option

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.

Rhea-AI Summary

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.

Positive

• Initial public offering raised $102,000,000 in gross proceeds
• Offering of 10,200,000 units priced at $10.00 per unit
• Units listed on Nasdaq Capital Market under ticker APURU
• Underwriters partially exercised their 1,200,000-unit over-allotment option

Negative

• None.

Key Figures

IPO gross proceeds: $102,000,000 Units offered: 10,200,000 units Over-allotment units: 1,200,000 units +5 more

IPO gross proceeds

$102,000,000

Initial public offering of units

Units offered

10,200,000 units

Total units in initial public offering

Over-allotment units

1,200,000 units

Partial exercise of underwriters’ over-allotment option

Unit price

$10.00 per unit

Initial public offering price

Share right ratio

1/4 Class A ordinary share

One right per unit to receive one-fourth share

SEC effectiveness date

May 14, 2026

Registration statement declared effective by SEC

Trading start date

May 21, 2026

Units began trading on Nasdaq Capital Market

Ticker symbols

APURU / APUR / APURR

Units, Class A shares, and rights Nasdaq symbols

Key Terms

initial public offering, over-allotment option, nasdaq capital market, blank check company, +2 more

6 terms

initial public offering financial

"announced today the closing of its initial public offering of 10,200,000 units"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

over-allotment option financial

"includes 1,200,000 units issued pursuant to the partial exercise by the underwriters of their over-allotment option"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

nasdaq capital market financial

"began trading on May 21, 2026 on the Nasdaq Capital Market (“Nasdaq”)"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

blank check company financial

"The Company is a blank check company formed for the purpose of effecting a merger"

A blank check company is a publicly listed shell that raises money from investors before naming a specific business to buy or merge with, similar to handing a cashier a signed check and asking them to fill in the payee later. It matters to investors because it offers a faster, often cheaper path for private firms to become public, but carries extra risk since returns depend on the organizers’ ability to find a good deal and on limited information about the future business.

registration statement regulatory

"A registration statement relating to the securities was declared effective"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

u.s. securities and exchange commission regulatory

"declared effective by the U.S. Securities and Exchange Commission (the “SEC”)"

The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.

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Los Angeles, CA, May 22, 2026 (GLOBE NEWSWIRE) -- Aperture AC (the “Company”) (Nasdaq: APURU) announced today the closing of its initial public offering of 10,200,000 units, which includes 1,200,000 units issued pursuant to the partial exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $102,000,000.

The Company’s units began trading on May 21, 2026 on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “APURU.” Each unit consists of one Class A ordinary share of the Company and one right (the “Share Right”) to receive one-fourth (1/4) of one Class A ordinary share of the Company upon the consummation of an initial business combination. Once the securities constituting the units begin separate trading, the Class A ordinary shares and Share Rights are expected to be listed on Nasdaq under the symbols “APUR” and “APURR,” respectively.
  
The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination in any business or industry or geographic area it chooses.

The Company’s management team is led by Calvin Kung, its Chief Executive Officer and a director, and Daniel Zhao, its Chief Financial Officer and a director. In addition, the Board includes Zhen Tan, Song Pettus, and Thomas Elliott Friend.

IB Capital, LLC acted as book-running manager for the offering and EarlyBirdCapital, Inc. and I-Bankers Securities, Inc. acted as joint book runners.

A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 14, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of the net proceeds of the initial public offering and the simultaneous private placement, and the search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated.

Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact:

Aperture AC
835 Wilshire Blvd. 5th Floor,
Los Angeles, CA, 90017
Attn: Calvin Kung, CEO
(424) 253-0908

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the key details of the Aperture AC (Nasdaq: APUR) IPO on May 22, 2026?

Aperture AC closed a $102,000,000 IPO of 10,200,000 units at $10.00 per unit. According to Aperture AC, the units began trading on the Nasdaq Capital Market on May 21, 2026 under the ticker symbol APURU.

How many units did Aperture AC (APUR) sell in its IPO and at what price?

Aperture AC sold 10,200,000 units in its IPO at $10.00 per unit. According to Aperture AC, this total includes 1,200,000 units issued from the partial exercise of the underwriters’ over-allotment option, resulting in $102,000,000 in gross proceeds.

What does each Aperture AC (APUR) IPO unit include for investors?

Each unit contains one Class A ordinary share and one right to receive one-fourth of a Class A share. According to Aperture AC, the right converts upon completion of an initial business combination, giving holders additional equity exposure if a transaction closes.

On which Nasdaq tickers do Aperture AC (APUR) units, shares, and rights trade?

Aperture AC units trade on Nasdaq under ticker APURU. According to Aperture AC, once securities trade separately, the Class A ordinary shares and share rights are expected to be listed on Nasdaq under the symbols APUR and APURR, respectively.

What is the business purpose of Aperture AC (APUR) as a blank check company?

Aperture AC is a blank check company formed to pursue a business combination with one or more businesses. According to Aperture AC, potential targets may be in any industry, business, or geographic area, allowing flexibility in selecting a merger or acquisition.

Who leads the management team and board of Aperture AC (APUR)?

Aperture AC’s management is led by CEO and director Calvin Kung and CFO and director Daniel Zhao. According to Aperture AC, the board also includes Zhen Tan, Song Pettus, and Thomas Elliott Friend, providing oversight for its business combination strategy.