Aperture Acquisition, a blank check company targeting financials, business services, real estate, and tech, withdrew its plans for an initial public offering on Tuesday. It originally filed in March 2021 but revised its terms in May, planning to raise $275 million by offering 27.5 million units at a price of $10, with each unit consisting of one share of common stock and one-fourth of a warrant, exercisable at $11.50.
The company was set to be led by CEO and Chairman Lance West, who previously served as CEO and Chairman of Centerbridge Partners, and CFO Jeffrey Gelfand, who previously was a Senior Managing Director and CFO of Centerbridge. Aperture Acquisition had planned to target fintech, business services, real estate services, and related technology and software services sectors.
The New York, NY-based company was founded in 2021 and planned to list on the NYSE under the symbol APCPU. Goldman Sachs, Morgan Stanley, and Credit Suisse were set to be the joint bookrunners on the deal.
