M&A
confidence high
sentiment neutral
materiality 0.85
Aperture AC signs $150M business combination with Atlantic HPC Group; up to 6M earnout shares
Aperture AC
- Aperture AC to merge with data center company Atlantic HPC Group; SPAC redomiciles from Cayman Islands to Delaware.
- $150M aggregate consideration in SPAC shares valued at $10.00 each; Atlantic becomes wholly owned subsidiary.
- Earnout up to 6M shares: 3M on 5MW Phase I data center lease (7+ yr term); 1.5M at $12.50 VWAP; 1.5M at $15.00.
- Outside date for closing is May 22, 2027; closing needs SPAC and company stockholder approvals, antitrust clearance.
- Support agreements with AHPC Holding LLC and Aperture Sponsor LLC; post-closing board 4 Company, 1 SPAC designees.