Aperture AC Class A Ordinary Shares

Atlantic HPC Group Inc Acquires Valley Oasis Development LLC, Adding 29 MW of Contracted Power to Platform

Atlantic HPC Group, the target of Aperture AC's (APUR) pending business combination, closed its acquisition of Valley Oasis Development LLC on September 23, 2026, adding 29 MW of contracted utility power in Dyersburg, Tennessee. The substation-adjacent site carries heavy-industrial zoning suitable for bitcoin mining and high-density AI compute, served by TVA-affiliated Dyersburg Electric System. The deal lifts Atlantic's total utility-approved capacity to 127 MW (76 MW under development), which Aperture's CEO called a competitive advantage in a grid-constrained market as the parties work toward the business combination.

•1mo ago

Atlantic HPC Group Inc. Seeks to Become Publicly Listed Through Business Combination with Aperture AC

Aperture AC (NASDAQ: APUR), a blank-check SPAC, signed a definitive business combination agreement with Atlantic HPC Group, a bitcoin mining and digital-infrastructure operator across Oklahoma, Arkansas and Ohio. The combined company expects to list on Nasdaq under ticker AHPC, with closing targeted for the first quarter of 2027 pending shareholder, exchange and regulatory approvals. Deal terms: Atlantic is acquired at a $150 million pre-money equity value, paid in Aperture Class A shares valued at $10.00 each — 15,000,000 shares plus up to 6,000,000 earnout shares tied to a 5 MW Phase I data-center lease and $12.50/$15.00 three-month VWAP milestones. Atlantic stockholders roll 100% of their equity, and the deal provides up to $102 million in gross trust proceeds assuming no redemptions. Atlantic's fundamentals: FY2026A (ended 6/30/2026, unaudited) revenue of $28.6 million and EBITDA of $4.4 million, a 1.9 EH/s hash rate, 303 bitcoin mined, and a 121 MW development pipeline with 51 MW currently in operation. The investment case rests on pivoting from bitcoin mining to AI/HPC leasing via the Ohio AI Campus, but that business has generated no material revenue yet, and the deal remains exposed to shareholder redemptions and closing risk.

•1mo ago