Apogee Acquisition (AACP)
Market Price (9/3/2026): $10.02 | Market Cap: $221.5 MilSector: Financials | Industry: Multi-Sector Holdings
Apogee Acquisition (AACP)
Market Price (9/3/2026): $10.02Market Cap: $221.5 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 2.2% | Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% Weak multi-year price returns2Y Excs Rtn is -36%, 3Y Excs Rtn is -72% | Key risksAACP key risks include [1] failing to complete a business combination within its 15-month deadline, Show more. |
| Low stock price volatilityVol 12M is 2.2% |
| Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% |
| Weak multi-year price returns2Y Excs Rtn is -36%, 3Y Excs Rtn is -72% |
| Key risksAACP key risks include [1] failing to complete a business combination within its 15-month deadline, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Apogee Acquisition (AACP) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Apogee Acquisition Corp (AACP) operated as a Special Purpose Acquisition Company (SPAC) with no core business operations during the specified period.
As a blank check company, AACP's primary function was to identify and complete a business combination. Its net income for fiscal Q2 2026, which ended on June 30, 2026, was $1.13 million, derived mainly from investment income on trust assets, rather than operational revenue.
2. The stock price remained anchored by the cash held in its trust account, typically around $10.00 per share.
SPACs hold IPO proceeds in a trust, providing a theoretical floor for the stock price until a merger is completed or the company liquidates. For instance, as of September 1, 2026, Apogee Acquisition traded at $10.07, and its 52-week trading range was between $9.93 and $10.07, demonstrating this stability near the trust value.
Show more
Apogee Acquisition (AACP) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Apogee Acquisition Corp (AACP) operated as a Special Purpose Acquisition Company (SPAC) with no core business operations during the specified period.
As a blank check company, AACP's primary function was to identify and complete a business combination. Its net income for fiscal Q2 2026, which ended on June 30, 2026, was $1.13 million, derived mainly from investment income on trust assets, rather than operational revenue.
2. The stock price remained anchored by the cash held in its trust account, typically around $10.00 per share.
SPACs hold IPO proceeds in a trust, providing a theoretical floor for the stock price until a merger is completed or the company liquidates. For instance, as of September 1, 2026, Apogee Acquisition traded at $10.07, and its 52-week trading range was between $9.93 and $10.07, demonstrating this stability near the trust value.
3. The absence of a definitive business combination announcement contributed to the stock's stable, pre-deal valuation.
AACP completed its IPO on April 8, 2026, and as of the period ending September 2, 2026, it was still actively seeking a target company for a merger. The company has a deadline of July 8, 2027, to complete an acquisition or face liquidation. Until a de-SPAC transaction is announced and approved by shareholders, the stock typically trades close to its trust value, reflecting the redemption option available to investors.
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Stock Movement Drivers
Fundamental Drivers
The 1.2% change in AACP stock from 5/31/2026 to 9/2/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9022026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.95 | 10.07 | 1.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | � | 0.0% |
| Net Income Margin (%) | � | � | 0.0% |
| P/E Multiple | � | � | 0.0% |
| Shares Outstanding (Mil) | 21 | 22 | -4.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2026 to 9/2/2026| Return | Correlation | |
|---|---|---|
| AACP | 1.1% | |
| Market (SPY) | 1.1% | -20.3% |
| Sector (XLF) | 11.8% | 8.8% |
Fundamental Drivers
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Market Drivers
2/28/2026 to 9/2/2026| Return | Correlation | |
|---|---|---|
| AACP | ||
| Market (SPY) | 11.8% | -20.5% |
| Sector (XLF) | 12.7% | 8.8% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 9/2/2026| Return | Correlation | |
|---|---|---|
| AACP | ||
| Market (SPY) | 19.6% | -20.5% |
| Sector (XLF) | 8.1% | 8.8% |
Fundamental Drivers
nullnull
Market Drivers
8/31/2023 to 9/2/2026| Return | Correlation | |
|---|---|---|
| AACP | ||
| Market (SPY) | 75.9% | -20.5% |
| Sector (XLF) | 75.2% | 8.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AACP Return | - | - | - | - | - | 1% | 1% |
| Peers Return | 1% | 1% | |||||
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 103% |
Monthly Win Rates [3] | |||||||
| AACP Win Rate | - | - | - | - | - | 60% | |
| Peers Win Rate | 53% | ||||||
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| AACP Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | |||||||
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AESP, ALPX, BCCQ, BID, CCCT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/2/2026 (YTD)
How Low Can It Go
AACP has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
AACP has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Apogee Acquisition (AACP)
Apogee Acquisition (AACP) is a Special Purpose Acquisition Company (SPAC), commonly referred to as a blank check company. Incorporated in November 2025, its sole business is to raise capital from investors with the explicit purpose of identifying and completing a merger, share exchange, asset acquisition, or similar business combination with an existing private operating company. Essentially, AACP functions as a vehicle to take a private company public, providing that target business with access to the public markets.
As a SPAC, Apogee Acquisition currently has no operational products or services. Instead, its "service" is the strategic search for a suitable acquisition target. While open to opportunities in various sectors, AACP intends to focus its search on companies that are developing, integrating, or enabling advanced technologies. These target companies would operate across both physical and digital domains, encompassing areas such as software, hardware, compute infrastructure, engineered materials, intelligent systems, automation, specialized components, and energy and power technologies. The primary market it serves is the investors who buy its shares, anticipating a successful business combination with a high-growth technology company.
```AI Analysis | Feedback
1. AACP is like a publicly traded venture capital firm whose sole mission is to find and merge with one cutting-edge advanced technology company to bring it public.
2. Imagine AACP as a publicly listed 'search fund' – similar to a focused private equity firm – specifically hunting for one high-growth advanced technology company to acquire and take to the stock market.
AI Analysis | Feedback
- Business Combination Facilitation: Apogee Acquisition identifies and executes a merger, acquisition, or similar business combination with a private operating company, effectively taking it public.
AI Analysis | Feedback
Apogee Acquisition (AACP) is a newly organized blank check company, also known as a Special Purpose Acquisition Company (SPAC). As described in the background, its purpose is to effect a business combination (such as a merger or acquisition) with one or more businesses. Until such a business combination is completed, Apogee Acquisition does not have an operating business, products, or services to sell.
Therefore, Apogee Acquisition does not currently have major customers in the traditional sense, as it is not yet generating revenue from sales of goods or services.
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Jeffrey Smith, Chief Executive Officer, President & Chairman
Mr. Smith is the Chief Executive Officer, President, and Chairman of Apogee Acquisition Corp. He is also the managing member of Apogee Capital Partners, Apogee Strategic Ventures, and Apogee Venture Fund. With over 26 years of experience, he has served as a serial entrepreneur, SPAC director, executive, and managing member of various companies. Mr. Smith is a venture capitalist with expertise in securities, tax, mergers and acquisitions, and digital assets. He has also advised growth-oriented technology and asset management companies as a regulatory attorney. Additionally, he has served as an Independent Director of Globa Terra Acquisition Corporation since July 7, 2025.
Ian Thomas Rhodes, Chief Financial Officer
Mr. Rhodes is the Chief Financial Officer of Apogee Acquisition Corp. He also holds the position of CFO at Renatus Tactical Acquisition I (Nasdaq: RTACU) and is the Interim CFO of TNF Pharmaceuticals. He is a Certified Public Accountant (CPA).
Thomas Lloyd Watson, Chief Operating Officer
Mr. Watson serves as the Chief Operating Officer of Apogee Acquisition Corp. He is part of the leadership team that has experience across capital markets, corporate finance, regulatory compliance, and transaction execution.
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Peer Outperformance in Multi-Sector Holdings
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Investment Banking & Brokerage | 13 | 6.0% | 122.8% | 138.3% | IBKR 468% · SNEX 229% · GS 176% |
| Reinsurance | 6 | 21.4% | 82.4% | 127.1% | SPNT 157% · RGA 138% · MTG 129% |
| Diversified Banks | 12 | 39.6% | 129.9% | 116.7% | JPM 153% · CM 152% · RY 141% |
| Life & Health Insurance | 20 | 14.7% | 53.4% | 94.3% | JXN 500% · UNM 309% · FG 215% |
| Property & Casualty Insurance | 42 | 12.8% | 73.6% | 66.2% | ASIC 2670900% · HRTG 439% · UVE 296% |
| Regional Banks | 265 | 25.9% | 80.3% | 64.4% | GCBC 363% · ESQ 337% · NBN 288% |
| Multi-line Insurance | 9 | 13.5% | 76.4% | 55.1% | GNW 178% · L 102% · SLF 90% |
| Multi-Sector Holdings ← | 6 | 0.8% | 17.3% | 38.4% | BRK-B 79% · JEF 78% · VOYA 75% |
| Consumer Finance | 30 | 10.9% | 78.5% | 34.0% | ENVA 582% · EZPW 373% · FCFS 165% |
| Insurance Brokers | 16 | -10.2% | 3.9% | 26.6% | LIFE 570% · AJG 91% · ARX 88% |
| Asset Management & Custody Banks | 82 | -8.7% | 17.6% | 20.6% | WT 311% · SII 294% · VCTR 283% |
| Financial Exchanges & Data | 15 | -0.9% | 18.1% | 19.7% | VIRT 206% · CBOE 149% · CME 75% |
| Diversified Financial Services | 4 | -1.4% | 1.1% | 10.8% | FRHC 166% · EQH 87% · TMS -66% |
| Commercial & Residential Mortgage Finance | 12 | -36.3% | 13.1% | 3.5% | FNMA 491% · FMCC 474% · ESNT 63% |
| Specialized Finance | 3 | 18.7% | 45.3% | -9.3% | EFC 34% · CACC -9% · HASI -15% |
| Mortgage REITs | 33 | -9.9% | 9.8% | -14.4% | NREF 54% · RITM 51% · DX 38% |
| Transaction & Payment Processing Services | 15 | 5.5% | 0.9% | -38.3% | MA 78% · V 75% · CPAY 59% |
| Diversified Capital Markets | 21 | -23.7% | 3.1% | -49.2% | BTCS 533% · OPY 185% · LPLA 143% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 9.97 |
| Mkt Cap | 0.2 |
| Rev LTM | - |
| Op Inc LTM | - |
| FCF LTM | - |
| FCF 3Y Avg | - |
| CFO LTM | - |
| CFO 3Y Avg | - |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | - |
| Rev Chg 3Y Avg | - |
| Rev Chg Q | - |
| QoQ Delta Rev Chg LTM | - |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | - |
| CFO/Rev 3Y Avg | - |
| FCF/Rev LTM | - |
| FCF/Rev 3Y Avg | - |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.02 | -0.00 | -0.03 | -0.00 | -0.01 | 0.02 |
| Up Beta | 0.02 | -0.01 | -0.04 | 0.00 | 0.00 | -0.02 |
| Down Beta | -0.16 | -0.00 | -0.04 | -0.05 | 0.01 | 0.05 |
| Up Capture | 2% | 4% | 0% | 0% | 0% | 0% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 5 | 10 | 18 | 19 | 19 | 19 |
| Down Capture | -14% | -4% | -6% | -4% | -2% | -1% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 3 | 8 | 16 | 16 | 16 | 16 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AACP | |
|---|---|---|---|---|
| AACP | 0.7% | 2.4% | -0.35 | - |
| Sector ETF (XLF) | 8.9% | 14.6% | 0.36 | 11.0% |
| Equity (SPY) | 20.6% | 12.8% | 1.19 | -18.9% |
| Gold (GLD) | 23.8% | 29.1% | 0.73 | -15.3% |
| Commodities (DBC) | 41.7% | 20.4% | 1.60 | -8.3% |
| Real Estate (VNQ) | 9.7% | 13.6% | 0.43 | -1.4% |
| Bitcoin (BTCUSD) | -30.7% | 43.5% | -0.72 | -7.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AACP | |
|---|---|---|---|---|
| AACP | 0.1% | 2.4% | -0.35 | - |
| Sector ETF (XLF) | 10.1% | 18.4% | 0.41 | 11.0% |
| Equity (SPY) | 12.7% | 17.2% | 0.57 | -18.9% |
| Gold (GLD) | 19.2% | 18.8% | 0.83 | -15.3% |
| Commodities (DBC) | 10.8% | 19.5% | 0.43 | -8.3% |
| Real Estate (VNQ) | 1.9% | 18.9% | -0.01 | -1.4% |
| Bitcoin (BTCUSD) | 9.5% | 52.6% | 0.37 | -7.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AACP | |
|---|---|---|---|---|
| AACP | 0.1% | 2.4% | -0.35 | - |
| Sector ETF (XLF) | 13.5% | 22.1% | 0.56 | 11.0% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | -18.9% |
| Gold (GLD) | 12.2% | 16.3% | 0.61 | -15.3% |
| Commodities (DBC) | 7.8% | 18.1% | 0.35 | -8.3% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | -1.4% |
| Bitcoin (BTCUSD) | 63.0% | 66.1% | 1.03 | -7.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-Sector Holdings Resources |
| McKinsey & Company Insights |
| Harvard Business Review |
| ValueWalk |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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