other material
confidence high
sentiment neutral
materiality 0.50
Aperture AC closes IPO of 10.2M units at $10/unit, raises $102M; trust funded with $102.255M
Aperture AC
- IPO of 10,200,000 units at $10.00 per unit, including 1,200,000 units from partial exercise of over-allotment; gross proceeds $102,000,000.
- Simultaneous private placement of 311,000 units to sponsor and underwriters at $10.00/unit, gross proceeds $3,110,000.
- Net proceeds of $102,255,000 deposited in trust account with Continental Stock Transfer & Trust Company.
- Audited balance sheet shows $721,955 cash, $102,255,000 trust assets, total assets $103,001,855, shareholders' deficit $702,418.
- Going concern doubt noted as SPAC must complete business combination by May 22, 2027 or liquidate.