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Appleby says it advised Aperture on its proposed Atlantic HPC combination
Appleby said it acted as Cayman Islands counsel to Aperture AC on a definitive business combination with Atlantic HPC Group, a US bitcoin mining and computing business. The firm said the combined company was expected to be renamed Atlantic HPC Corp. and listed on Nasdaq under the symbol AHPC.
Key points
- Appleby said consideration included 15 million shares valued at $10 each and up to six million earnout shares.Appleby
- The firm reported a $227 million enterprise value, assuming no redemptions.Appleby
- Appleby said the transaction included approximately $102 million in gross trust proceeds and $97 million in cash on that assumption.Appleby
- The firm identified Alexandra Low and James Kitching among its transaction team.Appleby