Appleby Advises Aperture AC in Its USD102M Initial Public Offering
Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Aperture AC, in connection to its initial public offering of 10,200,000, which includes 1,200,000 units issued pursuant to the partial exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $102,000,000.
The units are expected to be listed on the Nasdaq Capital Market (Nasdaq) and begin trading tomorrow, May 21, 2026, under the ticker symbol “APURU.” Each unit consists of one Class A ordinary share and one right (Share Right) to receive one-fourth (1/4) of one Class A ordinary share upon the consummation of an initial business combination. Once the securities constituting the units begin separate trading, the Class A ordinary shares and Share Rights are expected to be listed on Nasdaq under the symbols “APUR” and “APURR,” respectively.
The Appleby Capital Markets team was led by Partner Alexandra Low, Senior Associate Alejandra Gonzalez Saucedo, Legal Manager Kelly Tang, and Paralegal Sophia Cunningham, with other members of the corporate team.
Appleby continues to play a key role in major IPO and public-market matters worldwide.
