| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| SG&A Expense | $24K | — | — |
| Operating Income | -$24K | — | — |
| Net Income | -$23K | — | — |
| EPS (Basic) | -$0.01 | — | — |
| EPS (Diluted) | -$0.01 | — | — |
| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Current Assets | $23K | -56.3% | — |
| Total Assets | $208K | -5.3% | — |
| Total Liabilities | $269K | +4.5% | — |
| Stockholders' Equity | -$61K | -60.6% | — |
| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Operating Cash Flow | -$22K | — | — |
Business Overview
Aperture AC is a blank check company (SPAC) incorporated in the Cayman Islands on September 10, 2025, formed to effect a business combination with one or more operating businesses. The Company consummated its initial public offering on May 22, 2026, raising $102.0 million in gross proceeds through the sale of 10.2 million public units at $10.00 per unit, plus an additional $3.11 million from a concurrent private placement. As of March 31, 2026, the Company had not yet identified or entered into a definitive agreement with a business combination target and has not commenced operations.
Forward Guidance
The Company has until May 22, 2027 to consummate a Business Combination. If the Company is unable to complete its initial Business Combination within the Combination Period, it will redeem public shares. The Company expects to incur significant costs in pursuit of a Business Combination. No specific financial targets or operational guidance is provided.
Key Risk Factors
The Company faces substantial going concern uncertainty, as it has insufficient liquidity to meet current obligations and must complete a business combination by May 22, 2027 or face mandatory liquidation. The Company is an early-stage entity subject to risks of emerging growth companies with no operating revenues and no assurance of successfully identifying and consummating a business combination within the required timeframe. Additionally, the Company's Sponsor may be unable to satisfy indemnification obligations due to limited assets, and public shareholders face redemption risk and potential dilution from future business combination transactions.