Aperture AC, a special purpose acquisition company listed on Nasdaq under the ticker APUR, has entered into a definitive business combination agreement with Atlantic HPC Group Inc., a digital infrastructure company focused on power-intensive computing. The transaction, announced on September 11, 2026, is expected to result in the combined entity trading on Nasdaq under the ticker symbol AHPC, with Aperture rebranding to Atlantic HPC Corp.
Under the terms of the agreement, Aperture will acquire Atlantic for a pre-money equity value of $150 million. This value is based on a share price of $10.00, which will result in the issuance of 15,000,000 shares of Class A common stock to Atlantic’s shareholders. The transaction is structured as a merger where a wholly owned subsidiary of Aperture will merge with and into Atlantic, with Atlantic surviving as a subsidiary of the combined company.
Atlantic’s shareholders are expected to roll 100% of their equity into the new public entity. In addition to the initial consideration, Atlantic’s stockholders are eligible to receive up to 6,000,000 additional shares, known as Earnout Shares, contingent on specific performance milestones. These milestones include the execution of a binding, non-affiliated lease for a 5-megawatt data center facility and the achievement of certain share price targets for the combined company’s common stock.
Atlantic operates facilities across Oklahoma, Arkansas, and Ohio, with a total development pipeline of 121 megawatts. The company reported unaudited fiscal year 2026 revenue of $28.6 million and EBITDA of $4.4 million. Prior to the closing of the business combination, Aperture intends to de-register from the Cayman Islands and re-domicile as a Delaware corporation. The transaction is expected to close in the first quarter of 2027, subject to regulatory and shareholder approvals.
