AmperCap Acquisition Co
Filed Mar 17, 2026.
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A company's registration of shares for sale to the public, often for a first offering. It describes the business, its risks and how the company plans to use the money.
period unavailable · Filed Mar 17, 2026
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As filed with the U.S. Securities and Exchange Commission on March 16, 2026.
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORMS-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
AmperCap Acquisition Company
(Exact name of registrant as specified in its charter)
| Cayman Islands | 6770 | 61-2317653 |
|---|---|---|
| (State or other jurisdiction of incorporation or organization) | (Primary Standard Industrial Classification Code Number) | (I.R.S. Employer Identification Number) |
12 East 49 th Street
18 th Floor
New York, NY, 10017
Tel: (917) 907-1171
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
Harish Dadoo González
Co-Chief Executive Officer
12 East 49 th Street
18 th Floor
New York, NY, 10017
Tel: (917) 907-1171
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
| Barry I. Grossman, Esq. Jessica Yuan, Esq. Ellenoff Grossman & Schole LLP 1345 Avenue of the Americas, 11th Floor New York, New York 10105 Tel: (212) 370-1300 | Natalie Bell Ogier (Cayman) LLP 89 Nexus Way, Camana Bay Grand Cayman, Cayman Islands KY1-9009 Tel: (345) 949-9876 | David Alan Miller, Esq. Jeffrey M. Gallant, Esq. Graubard Miller 405 Lexington Avenue, 44th Floor New York, New York 10174 Tel: (212) 818-8638 |
|---|
Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement.
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box.☐
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.☐
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.☐
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.☐
Indicate bycheck mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
|---|---|---|---|
| Non-accelerated filer | ☒ | Smaller reporting company | ☒ |
| Emerging growth company | ☒ | ||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.☐
The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.
The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.
| PRELIMINARY PROSPECTUS | SUBJECT TO COMPLETION, DATED MARCH 16, 2026 |
|---|
$125,000,000
AMPERCAP ACQUISITION COMPANY
12,500,000 Units
AmperCap Acquisition Company is a blank check company incorporated in the Cayman Islands, as an exempted company with limited liability, for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, which we refer to throughout this prospectus as our “business combination.” We may pursue a business combination with a target in any industry or geographic region that we believe can benefit from the expertise and capabilities of our management team.
This is an initial public offering of our securities. Each unit has an offering price of $10.00 and consists of one ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one ordinary share at a price of $11.50 per share, subject to adjustment. Each warrant will become exercisable 30 days after the completion of an initial business combination and will expire on the fifth anniversary of our completion of an initial business combination, or earlier upon redemption. We have also granted the underwriters a 45-day option to purchase up to an additional 1,875,000 units to cover over-allotments, if any. We will provide our public shareholders with the opportunity to redeem all or a portion of their ordinary shares upon the completion of our business combination at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, described below, as of two business days prior to the consummation of our business combination, including interest earned on the funds held in the trust account and not previously released to us pursuant to permitted withdrawals (as described in this prospectus), divided by the number of then outstanding ordinary shares that were sold as part of the units in this offering, which we refer to collectively throughout this prospectus as our public shares, subject to the limitations described herein.
Notwithstanding the foregoing, if we seek shareholder approval of our business combination and we do not conduct redemptions in connection with our business combination pursuant to the tender offer rules, our amended and restated memorandum and articles of association provide that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the shares sold in this offering without our prior consent.See“Summary — The Offering — Limitation on redemption rights of shareholders holding 15% or more of the shares sold in this offering if we hold shareholder vote” for further discussion on certain limitations on redemption rights.**
If we are unable to complete our business combination within 24 months from the closing of this offering, we will redeem 100% of the public shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account and not previously released to us pursuant to permitted withdrawals (less up to $100,000 of interest to pay liquidation and dissolution expenses), divided by the number of then outstanding public shares, subject to applicable law and as further described herein. However, we may hold a shareholder vote at any time to amend our amended and restated memorandum and articles of association to modify the amount of time we will have to consummate a business combination (as well as to modify the substance or timing of our obligation to allow redemption in connection with our business combination or to redeem 100% of our public shares if we have not consummated a business combination within the time periods described herein or with respect to any other material provisions relating to shareholders’ rights or pre-business combination activity), in which case we will provide our shareholders with the opportunity to redeem their shares in connection therewith.
AmperSPAC LLC, a Delaware limited liability company, which we refer to throughout this prospectus as our “sponsor,” currently holds 4,791,667 founder shares (up to 625,000 of which are subject to forfeiture by the holders thereof depending on the extent to which the underwriters’ over-allotment option is exercised) which it acquired for an aggregate purchase price of $25,000, or approximately $0.005 per share. Subject to the third-party investors purchasing 175,000 private placement units (or 191,406 private placement units if the underwriters’ over-allotment option is exercised in full) from us, our sponsor intends to transfer an aggregate of 1,339,844 founder shares (up to 114,844 founder shares of which are subject to forfeiture by the holders thereof depending on the extent to which the underwriters’ over-allotment option is exercised) to such third-party investors at the closing of this offering, for an aggregate consideration of approximately $7,420, or approximately $0.005 per share. Since our sponsor and third-party investors acquired these shares at a nominal price, our public shareholders will incur immediate and substantial dilution upon the closing of this offering.See the section titled “Risk Factors — Risks Relating to our Securities — Our initial shareholders and third-party investors will have contributed an aggregate of $25,000, or approximately $0.005 per share, and, accordingly, you will experience immediate and substantial dilution from the purchase of our ordinary shares*.*”
If we increase the size of the offering, we will effect a share dividend, or other appropriate mechanism, as applicable, with respect to the founder shares immediately prior to the consummation of the offering in such amount as to maintain the ownership by the holders of founder shares at 25% of our issued and outstanding ordinary shares upon the consummation of this offering (excluding the private shares and EBC founder shares referred to below). Absent unexpected changes in connection with such an increase or decrease, such as changes to the offering expenses or if the size of the related private placement were changed (other than simple recalculations due to the increase or decrease in the offering size), it is not expected that the issuance of additional founder shares would result in material dilution to public holders. However, increasing the number of founder shares means that the increase in offering size will not have the effect of reducing dilution for the public holders.
Our sponsor, third-party investors, and EarlyBirdCapital, Inc., the representative of the underwriters in this offering, which we refer to throughout this prospectus as “EBC” or the “representative,” have agreed that they and/or their designees will purchase from us an aggregate of private placement units 400,000 private placement units (or 437,500 private placement units if the over-allotment option is exercised in full) at a price of $10.00 per unit for a total purchase price of $4,000,000 (or $4,375,000 if the over-allotment option is exercised in full) in a private placement that will close simultaneously with the closing of this offering. We refer to these units throughout this prospectus as the “private placement units.” Of those 400,000 private placement units (or 437,500 private placement units if the underwriters’ over-allotment option is exercised in full), our sponsor has agreed to purchase 100,000 private placement units (or 102,344 private placement units if the underwriters’ over-allotment option is exercised in full), third-party investors have agreed to purchase an aggregate of 175,000 private placement units (or 191,406 private placement units if the underwriters’ over-allotment option is exercised in full), and EBC has agreed to purchase 125,000 private placement units (or 143,750 private placement units if the underwriters’ over-allotment option is exercised in full). The private placement units are identical to the units sold in this offering, subject to limited exceptions. Our sponsor and EBC have agreed not to transfer, assign or sell any of the private placement units or underlying securities (with certain exceptions) until the completion of our business combination.
As more fully discussed in“Management — Conflicts of Interest,” each of our officers and directors presently has, and any of them in the future may have additional, fiduciary, contractual or other obligations or duties to one or more other entities pursuant to which such officer or director is or will be required to present a business combination opportunity to such entities.Our sponsor and members of our management team will directly or indirectly own our securities following this offering, and accordingly, they may have actual or potential conflicts of interest in determining whether a particular target business is an appropriate business with which to effectuate our business combination as compared to purchasers in this offering.See the sections titled“Summary — Conflicts of Interest,” “Proposed Business — Business Combination” and“Management — Conflicts of Interest” for more information**. The low price that our sponsor, executive officers and directors (directly or indirectly) paid for the founder shares creates an incentive whereby our officers and directors could potentially make a substantial profit even if we select an acquisition target that subsequently declines in value and is unprofitable for public shareholders. If we are unable to complete our business combination within 24 months from the closing of this offering (“the completion window”), or by such earlier liquidation date as our directors may approve, unless our shareholders approve an amendment to our amended and restated memorandum and articles of association to extend the date by which we must consummate our initial business combination, the founder shares and private placement units may become worthless, except to the extent they receive liquidating distributions from assets outside the trust account, which could create an incentive for our sponsor, executive officers and directors to complete a transaction even if we select an acquisition target that subsequently declines in value and is unprofitable for public shareholders.
Further, each of our officers and directors may have a conflict of interest with respect to evaluating a particular business combination if the retention or resignation of any such officers and directors was included by a target business as a condition to any agreement with respect to our business combination. Upon consummation of this offering, we will reimburse our sponsor up to $5,000 per month for office space and administrative services made available to us and we will repay an aggregate of up to $300,000 in loans made to us by our sponsor to cover a portion of the expenses of this offering. In the event that following this offering we obtain working capital loans from our sponsor to finance transaction costs related to our business combination, up to $1,500,000 of such loans may be convertible into private placement units described below at a price of $10.00 per unit at the option of our sponsor. Additionally, members of our management team will be entitled to reimbursement for any out-of-pocket expenses related to identifying, investigating and completing a business combination. As a result, there may be actual or potential material conflicts of interest between our sponsor and our management team and their respective affiliates on the one hand, and purchasers in this offering on the other hand.See“Summary — Our Sponsor,” “Summary — The Offering — Founder Shares and EBC founder shares,” “Summary — The Offering — Transfer Restrictions on Founder Shares and EBC founder shares,” “Summary — The Offering — Conflicts of interest,” “Proposed Business — Effecting our Business Combination**” and “Management — Conflicts of Interest” for more information.
The following table illustrates the difference between the public offering price and our net tangible book value (“NTBV”), as adjusted to give effect to this offering and to redemptions of our public shares at varying levels, assuming the full exercise and no exercise of the over-allotment option.See the sections titled“Prospectus Summary — Dilution” and “Dilution”for more information.
| Offering Price of $10.00 · 25% of Maximum Redemption · 50% of Maximum Redemption · 75% of Maximum Redemption · Maximum Redemption | ||||||||
|---|---|---|---|---|---|---|---|---|
| NTBV | NTBV | Difference between NTBV and Offering Price | NTBV | Difference between NTBV and Offering Price | NTBV | Difference between NTBV and Offering Price | NTBV | Difference between NTBV and Offering Price |
| Assuming Full Exercise of Over-Allotment Option | ||||||||
| $7.28 | $6.68 | $3.32 | $5.73 | $4.27 | $4.05 | $5.95 | $0.17 | $9.83 |
| Assuming No Exercise of Over-Allotment Option | ||||||||
| $7.27 | $6.66 | $3.34 | $5.72 | $4.28 | $4.03 | $5.97 | $0.15 | $9.85 |
Our sponsor and members of our management team will directly or indirectly own our securities following this offering, and accordingly, they may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our business combination. Further, each of our officers and directors may have a conflict of interest with respect to evaluating a particular business combination if the retention or resignation of any such officers and directors was included by a target business as a condition to any agreement with respect to our business combination. Additionally, each of our officers and directors presently has, and any of them in the future may have additional, fiduciary, contractual or other obligations or duties to one or more other entities pursuant to which such officer or director is or will be required to present a business combination opportunity to such entities.See the sections titled“Proposed Business — Effecting our Business Combination — Sourcing of Potential Business Combination Targets”and“Management — Conflicts of Interest.”**
Currently, there is no public market for our units, ordinary shares or warrants. We have applied to list our units on The Nasdaq Global Market, or “NASDAQ” under the symbol “APMCU” on or promptly after the date of this prospectus. We cannot guarantee that our securities will be approved for listing on NASDAQ. The ordinary shares and warrants comprising the units will begin separate trading on the 90 th day following the date of this prospectus unless EBC informs us of its decision to allow earlier separate trading, subject to our filing a Current Report on Form 8-K with the Securities and Exchange Commission (the “SEC”) containing an audited balance sheet reflecting our receipt of the gross proceeds of this offering and issuing a press release announcing when such separate trading will begin. Once the securities comprising the units begin separate trading, we expect that the ordinary shares and warrants will be listed on NASDAQ under the symbols “APMC” and “APMCW,” respectively.
No offer or invitation to subscribe for securities may be made to the public in the Cayman Islands.
Of the proceeds we receive from this offering and the sale of the private placement units described in this prospectus, $125,000,000, or $143,750,000 if the underwriters’ over-allotment option is exercised in full ($10.00 per public share in either case), will be deposited into a U.S.-based trust account with Continental Stock Transfer & Trust Company, acting as trustee, and approximately $4,000,000, or $4,375,000, if the underwriters’ over-allotment option is exercised in full, will be used to pay fees and expenses in connection with the closing of this offering (including underwriting discounts and commissions), and to cover an estimated $925,000 of working capital following this offering. Except with respect to interest earned on the funds held in the trust account that may be released to us as permitted withdrawals, if any, the proceeds from this offering and the sale of the private placement units that are deposited in the trust account will not be released from the trust account until the earliest to occur of (a) the completion of our business combination, (b) the redemption of any public shares properly submitted in connection with a shareholder vote to amend our amended and restated memorandum and articles of association (i) to modify the substance or timing of our obligation to allow redemption in connection with our business combination or to redeem 100% of our public shares if we do not complete our business combination within 24 months from the closing of this offering or (ii) with respect to any other material provisions relating to shareholders’ rights or pre-business combination activity and (c) the redemption of our public shares if we are unable to complete our business combination within 24 months from the closing of this offering, subject to applicable law. The proceeds deposited in the trust account could become subject to the claims of our creditors, if any, which could have priority over the claims of our public shareholders.
We are an “emerging growth company” under applicable federal securities laws and will be subject to reduced public company reporting requirements. No offer or invitation to subscribe for securities may be made to the public in the Cayman Islands.
Investing in our securities involves a high degree of risk. See the section of this prospectus entitled*“Risk Factors”*beginning on page 35 for a discussion of the information that should be considered in connection with an investment in our securities. Investors will not be entitled to protections normally afforded to investors under Rule 419 blank check offerings.
Neither the SEC nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
| Per Unit | Total | |
|---|---|---|
| Public offering price | $10.00 | $125,000,000 |
| Underwriting discounts and commissions(1) | $0.20 | $2,500,000 |
| Proceeds, before expenses, to AmperCap Acquisition Company | $9.80 | $122,500,000 |
| (1) | Represents $0.20 per unit, or $2,500,000 in the aggregate (or $2,875,000 if the overallotment option is exercised in full), payable to EBC upon the closing of this offering. The underwriters have received and will receive compensation in addition to the underwriting discounts and commissions, including an aggregate of 275,000 ordinary shares, or “EBC founder shares.” See the section of this prospectus entitled “Underwriting” for a description of compensation and other items of value payable to the underwriters. |
Of the proceeds we receive from this offering and the sale of the private placement units described in this prospectus, $125,000,000, or $143,750,000 if the underwriters’ overallotment option is exercised in full ($10.00 per unit in either case), will be placed into a U.S.-based trust account with Continental Stock Transfer & Trust Company acting as trustee.
The underwriters are offering the units for sale on a firm commitment basis. The underwriters expect to deliver the units to the purchasers on or about [●], 2026.
Book-Running Manager
EarlyBirdCapital, Inc.
[●], 2026
TABLE OF CONTENTS
We are responsible for the information contained in this prospectus. We have not authorized anyone to provide you with different information, and we take no responsibility for any other information others may give to you. We are not, and the underwriters are not, making an offer to sell securities in any jurisdiction where the offer or sale is not permitted. You should not assume that the information contained in this prospectus is accurate as of any date other than the date on the front of this prospectus.
| Page | |
|---|---|
| SUMMARY | 1 |
| PROPOSED BUSINESS | 3 |
| RISK FACTORS | 35 |
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS | 67 |
| USE OF PROCEEDS | 68 |
| DIVIDEND POLICY | 71 |
| DILUTION | 72 |
| CAPITALIZATION | 75 |
| MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 76 |
| PROPOSED BUSINESS | 81 |
| MANAGEMENT | 107 |
| PRINCIPAL SHAREHOLDERS | 113 |
| CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS | 115 |
| DESCRIPTION OF SECURITIES | 118 |
| TAXATION | 136 |
| UNDERWRITING | 145 |
| LEGAL MATTERS | 154 |
| EXPERTS | 154 |
| WHERE YOU CAN FIND ADDITIONAL INFORMATION | 154 |
| INDEX TO FINANCIAL STATEMENTS | F-1 |
i
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.