Press Releases May 20, 2026 05:44 PM

Aperture AC Announces the Pricing of $90,000,000 Initial Public Offering

Aperture AC prices $90 million IPO on Nasdaq as a blank check company poised for business combination opportunities

By Priya Menon APURU

Aperture AC, a newly formed blank check company, announced the pricing of its initial public offering (IPO) of 9 million units at $10.00 each, expected to list on the Nasdaq Capital Market under ticker APURU. The IPO proceeds will fund future business combinations across industries and geographies, with management led by Calvin Kung and Daniel Zhao. The offering includes rights to additional shares upon consummation of a business combination.

Aperture AC Announces the Pricing of $90,000,000 Initial Public Offering
APURU

Key Points

  • Aperture AC priced its IPO at $90 million, offering 9 million units at $10 each, expected to trade on Nasdaq under APURU.
  • Each unit includes one Class A ordinary share and rights to additional shares upon a future business combination, emphasizing the SPAC structure.
  • The company has flexibility to pursue acquisitions in any industry or geography, led by an experienced management team.

Los Angeles, CA, May 20, 2026 (GLOBE NEWSWIRE) -- Aperture AC (the “Company”) announced today the pricing of its initial public offering of 9,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Capital Market (“Nasdaq”) and begin trading tomorrow, May 21, 2026, under the ticker symbol “APURU.” Each unit consists of one Class A ordinary share and one right (the “Share Right”) to receive one-fourth (1/4) of one Class A ordinary share 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 offering is expected to close on May 22, 2026, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 units at the initial public offering price to cover over-allotments, if any.

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 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, Thomas Friend and Song Pettus.

IB Capital, LLC is acting as book-running manager for the offering and EarlyBirdCapital, Inc. and I-Bankers Securities, Inc. are joint book running managers.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from IB Capital LLC, by email at [email protected], or by accessing the SEC’s website, www.sec.gov.

A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective 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 proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds will be used as described in the offering prospectus.

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 preliminary 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


Risks

  • There is uncertainty whether a successful initial business combination will be completed, which is critical to realizing shareholder value, impacting investor confidence in the SPAC and financial sectors.
  • Forward-looking statements highlight risks that the offering may not complete as planned and that proceeds may not be used as expected, posing regulatory and execution risks.
  • Market conditions and regulatory environment changes may affect the ability to identify and consummate acquisitions, creating uncertainty for the blank check structure and related investment sectors.

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