Aperture AC, a blank check company targeting the digital asset industry, raised $90 million by offering 9 million units at $10. Each unit consists of one share of common stock, and one right to receive one-fourth of one share at the time of the business combination.
Aperture AC is led by CEO and Director Calvin Kung, a former senior director at China-based data center developer and operator GDS Holdings (Nasdaq: GDS; HKEx: 9698). He previously served as CEO and Chairman of Finnovate Acquisition until its merger with Scage Future (SCAG; -82% from $10 offer price), and currently serves as a director. He is joined by CFO Daniel Zhao, the Head of Partnerships at Celastone.
The SPAC plans to target lower middle market companies building essential digital asset infrastructure, including infrastructure in tokenized assets, decentralized finance, data security, payments, and mining or data center operations.
The Los Angeles, CA-based company will trade on the Nasdaq under the symbol APURU. IB Capital, EarlyBirdCapital, and I-Bankers Securities acted as joint bookrunners on the deal.
