AmperCap Acquisition (APMC)
Market Price (9/9/2026): $9.96 | Market Cap: $86.5 MilSector: Financials | Industry: Multi-Sector Holdings
AmperCap Acquisition (APMC)
Market Price (9/9/2026): $9.96Market Cap: $86.5 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 2.1% | Trading close to highsDist 52W High is -0.2%, Dist 3Y High is -0.2% Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -70% | Key risksAPMC key risks include [1] its potential failure to complete a business combination within the required timeframe, Show more. |
| Low stock price volatilityVol 12M is 2.1% |
| Trading close to highsDist 52W High is -0.2%, Dist 3Y High is -0.2% |
| Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -70% |
| Key risksAPMC key risks include [1] its potential failure to complete a business combination within the required timeframe, Show more. |
Qualitative Assessment
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AmperCap Acquisition (APMC) stock has remained largely at the same level since it went public on 6/29/2026 because of the following key factors:
1. Absence of a Business Combination Announcement.
As a Special Purpose Acquisition Company (SPAC), AmperCap Acquisition's stock price has remained largely at its initial public offering (IPO) level, trading around $10.00 per share since going public on June 29, 2026, through fiscal Q3 2026. This stability is primarily due to the company's blank-check nature, meaning it has not yet announced a definitive business combination (de-SPAC) with a target company. SPAC shares typically trade near their trust value until a merger target is identified, as investors can redeem their shares for this amount. AmperCap Acquisition has until March 4, 2028, to complete a business combination.
2. Capital Held in Trust Account.
The stock's consistent trading around its IPO price is underpinned by the substantial cash held in a U.S.-based trust account. Following its IPO and related financings in June 2026, AmperCap Acquisition placed approximately $144.8 million into this trust. This trust acts as a protective floor for the stock price, as public shareholders are entitled to redeem their shares at approximately $10.10 to $10.12 per share from the trust, as noted in various filings for the period ending June 30, 2026, and as of August 13, 2026. In the absence of a merger, the stock's value closely reflects this redeemable amount.
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AmperCap Acquisition (APMC) stock has remained largely at the same level since it went public on 6/29/2026 because of the following key factors:
1. Absence of a Business Combination Announcement.
As a Special Purpose Acquisition Company (SPAC), AmperCap Acquisition's stock price has remained largely at its initial public offering (IPO) level, trading around $10.00 per share since going public on June 29, 2026, through fiscal Q3 2026. This stability is primarily due to the company's blank-check nature, meaning it has not yet announced a definitive business combination (de-SPAC) with a target company. SPAC shares typically trade near their trust value until a merger target is identified, as investors can redeem their shares for this amount. AmperCap Acquisition has until March 4, 2028, to complete a business combination.
2. Capital Held in Trust Account.
The stock's consistent trading around its IPO price is underpinned by the substantial cash held in a U.S.-based trust account. Following its IPO and related financings in June 2026, AmperCap Acquisition placed approximately $144.8 million into this trust. This trust acts as a protective floor for the stock price, as public shareholders are entitled to redeem their shares at approximately $10.10 to $10.12 per share from the trust, as noted in various filings for the period ending June 30, 2026, and as of August 13, 2026. In the absence of a merger, the stock's value closely reflects this redeemable amount.
3. Cautious Broader SPAC Market Sentiment.
The broader SPAC market in fiscal Q3 2026 is characterized by a "selectively constructive" yet disciplined sentiment, following a significant boom-and-bust cycle. While SPAC IPO activity has rebounded from 2024 lows, it remains a fraction of the 2021 peak. High redemption rates, reported around 96% in Q3 2025 and continuing in 2026, reflect a cautious investor environment where the focus is more on the trust value rather than speculative gains from de-SPAC transactions. This prevailing market caution limits significant upward price movements for pre-deal SPACs like AmperCap Acquisition.
4. Lack of Major Company-Specific Catalysts.
Beyond the initial IPO logistics, such as the separate trading of units into ordinary shares and rights commencing June 29, 2026, AmperCap Acquisition has not released any significant company-specific news during the period from its IPO through fiscal Q3 2026. There have been no public announcements regarding a potential merger target, which is the primary catalyst for a SPAC's stock price appreciation. The absence of such developments means there have been no new fundamental drivers to push the stock meaningfully above its trust value.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
5/31/2026 to 9/8/2026| Return | Correlation | |
|---|---|---|
| APMC | ||
| Market (SPY) | 1.3% | -0.7% |
| Sector (XLF) | 11.1% | 1.9% |
Fundamental Drivers
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Market Drivers
2/28/2026 to 9/8/2026| Return | Correlation | |
|---|---|---|
| APMC | ||
| Market (SPY) | 12.0% | -0.7% |
| Sector (XLF) | 12.0% | 1.9% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 9/8/2026| Return | Correlation | |
|---|---|---|
| APMC | ||
| Market (SPY) | 19.8% | -0.7% |
| Sector (XLF) | 7.4% | 1.9% |
Fundamental Drivers
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Market Drivers
8/31/2023 to 9/8/2026| Return | Correlation | |
|---|---|---|
| APMC | ||
| Market (SPY) | 76.1% | -0.7% |
| Sector (XLF) | 74.1% | 1.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| APMC Return | - | - | - | - | - | 1% | 1% |
| Peers Return | 1% | 1% | |||||
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| APMC Win Rate | - | - | - | - | - | 50% | |
| Peers Win Rate | 53% | ||||||
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| APMC 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: AAC, AESP, ALPX, ATLQ, BCCQ.
[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 9/8/2026 (YTD)
How Low Can It Go
APMC 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
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Asset Allocation
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APMC 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 AmperCap Acquisition (APMC)
AmperCap Acquisition (APMC) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), incorporated in the Cayman Islands. Its sole business purpose is to identify and acquire one or more existing private companies through a merger, amalgamation, or similar business combination. Unlike traditional operating companies, APMC does not have its own products or services; its value proposition lies in its ability to bring a private company public, providing it with access to U.S. capital markets.
The company's investment strategy focuses specifically on middle-market companies operating in or with strong strategic ties to the United States and Mexico. APMC targets businesses that exhibit scalable business models, solid financial fundamentals, and clear opportunities for accelerated growth through strategic and financial support. This thematic cross-border focus leverages the significant economic integration and supply-chain alignment between the two countries, reinforced by agreements like the USMCA, aiming to provide target businesses with enhanced governance and long-term expansion capital.
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Here are 1-2 brief analogies for AmperCap Acquisition (APMC):
- APMC is like Blackstone or KKR, but focused on acquiring a single middle-market US-Mexico company to take public.
- APMC is like an investment bank (such as Goldman Sachs) that directly acquires a promising US-Mexico company to bring it public, instead of just advising on its IPO.
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- Facilitating Business Combinations: As a blank check company (SPAC), AmperCap Acquisition's sole purpose is to identify and acquire a private operating company, bringing it to the public market through a merger, share exchange, or other business combination.
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AmperCap Acquisition (APMC) is a blank check company (SPAC). Its primary purpose is to effect a business combination with one or more target businesses. As such, AmperCap Acquisition does not currently have any operating business, products, or services, and therefore, it does not have traditional major customers.
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Alberto Gutiérrez Pier, Co-Chief Executive Officer, Chairman and Director
Mr. Gutiérrez Pier has served as Co-Chief Executive Officer, Chairman and Director of AmperCap Acquisition Company since March 2026. He is a co-founder and Managing Partner of AmperCap LLC, a private equity independent sponsor. Since November 2022, he has executed several private equity transactions as an independent sponsor, identifying and structuring investments under the "AmperCap" platform in Mexico. In December 2025, he co-founded AmperCap LLC, expanding its business operations to North America with a focus on lower-middle-market investments. Mr. Gutiérrez Pier and Mr. Dadoo González have collaborated for 14 years as dealmakers in Mexico.
Harish Dadoo González, Co-Chief Executive Officer, Chief Financial Officer and Director
Mr. Dadoo González has served as Co-Chief Executive Officer, Chief Financial Officer and Director of AmperCap Acquisition Company since March 2026. He is a co-founder and Managing Partner of AmperCap LLC, a private equity independent sponsor. Since November 2022, Mr. Dadoo González has executed several private equity transactions as an independent sponsor, sourcing and structuring investments under the "AmperCap" platform name in Mexico. He and Mr. Gutiérrez Pier have worked together for the past 14 years, developing a cohesive partnership as dealmakers in Mexico.
Luis Pena Kegel, Director Nominee
John Salemi, Director Nominee
Alfredo Flores Ibarrola, Director Nominee
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Key Risks for AmperCap Acquisition
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Inability to complete a business combination: As a blank check company, AmperCap Acquisition's primary purpose is to effect a business combination with one or more target businesses. If the company fails to identify and complete an acquisition within the required timeframe, it will be forced to liquidate and return funds to its public shareholders, potentially at a loss if the trust account value has diminished. This represents the most significant risk to the business model.
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Failure to identify a suitable target business: The company intends to focus on middle-market companies operating in or with strategic ties to the United States and Mexico. There is a risk that AmperCap Acquisition may not be able to identify a suitable target business that meets its investment criteria, possesses scalable business models, solid fundamentals, and clear opportunities for accelerated growth through strategic and financial support. This could lead to a prolonged search or, ultimately, the inability to complete an acquisition.
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Competition for attractive target businesses: AmperCap Acquisition operates in a competitive landscape where numerous other blank check companies, as well as private equity firms and strategic buyers, are also seeking attractive acquisition targets. This intense competition may make it difficult for the company to identify and secure a desirable business combination on favorable terms, or at all.
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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 | 7.7% | 133.2% | 144.2% | IBKR 492% · SNEX 244% · GS 189% |
| Reinsurance | 6 | 18.8% | 75.0% | 124.6% | SPNT 167% · RGA 134% · MTG 126% |
| Diversified Banks | 12 | 38.0% | 136.2% | 118.7% | CM 156% · JPM 152% · RY 144% |
| Life & Health Insurance | 20 | 14.7% | 55.5% | 96.7% | JXN 510% · UNM 316% · FG 218% |
| Multi-Sector Holdings ← | 5 | 4.3% | 55.1% | 81.6% | JONE 361% · JEF 86% · BRK-B 82% |
| Regional Banks | 265 | 25.4% | 85.8% | 68.6% | GCBC 361% · ESQ 353% · VBNK 321% |
| Property & Casualty Insurance | 42 | 8.9% | 73.2% | 64.8% | ASIC 2652900% · HRTG 439% · UVE 300% |
| Multi-line Insurance | 9 | 12.0% | 87.8% | 56.7% | GNW 189% · L 102% · SLF 90% |
| Consumer Finance | 30 | 9.2% | 86.6% | 34.4% | ENVA 593% · EZPW 398% · FCFS 173% |
| Financial Exchanges & Data | 15 | -4.4% | 18.5% | 26.7% | VIRT 214% · CBOE 152% · CME 77% |
| Insurance Brokers | 16 | -13.9% | -1.2% | 20.9% | LIFE 657% · ARX 89% · AJG 82% |
| Commercial & Residential Mortgage Finance | 13 | -42.7% | 35.2% | 19.9% | FNMA 505% · FMCC 490% · ESNT 65% |
| Diversified Financial Services | 4 | 0.5% | 9.3% | 17.3% | FRHC 161% · EQH 94% · TMS -59% |
| Asset Management & Custody Banks | 83 | -10.9% | 17.0% | 14.6% | WT 334% · VCTR 291% · SII 289% |
| Specialized Finance | 3 | 15.7% | 47.8% | -3.0% | EFC 35% · CACC -3% · HASI -13% |
| Mortgage REITs | 33 | -11.7% | 10.8% | -12.5% | NREF 57% · RITM 51% · DX 41% |
| Diversified Capital Markets | 21 | -21.0% | -4.5% | -38.8% | BTCS 614% · OPY 209% · LPLA 145% |
| Transaction & Payment Processing Services | 15 | -0.2% | -3.6% | -45.2% | V 68% · MA 67% · CPAY 54% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 9.97 |
| Mkt Cap | 0.1 |
| 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 | 0.01 | 0.01 | 0.03 | -0.00 | 0.04 | -0.01 |
| Up Beta | 0.05 | 0.00 | 0.01 | -0.01 | -0.05 | 0.05 |
| Down Beta | -0.15 | -0.01 | -0.00 | -0.03 | -0.02 | -0.03 |
| Up Capture | 6% | 5% | 2% | 1% | 0% | 0% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 6 | 13 | 14 | 14 | 14 | 14 |
| Down Capture | -9% | -1% | -1% | -1% | -0% | -0% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 5 | 10 | 11 | 11 | 11 | 11 |
[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 APMC | |
|---|---|---|---|---|
| APMC | 0.2% | 2.2% | -1.59 | - |
| Sector ETF (XLF) | 9.3% | 14.6% | 0.39 | 5.2% |
| Equity (SPY) | 19.4% | 12.8% | 1.11 | 0.5% |
| Gold (GLD) | 20.8% | 29.2% | 0.65 | 2.9% |
| Commodities (DBC) | 45.0% | 20.4% | 1.72 | -5.4% |
| Real Estate (VNQ) | 7.8% | 13.6% | 0.30 | 15.7% |
| Bitcoin (BTCUSD) | -28.1% | 43.9% | -0.63 | 10.4% |
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 APMC | |
|---|---|---|---|---|
| APMC | 0.0% | 2.2% | -1.59 | - |
| Sector ETF (XLF) | 10.1% | 18.4% | 0.41 | 5.2% |
| Equity (SPY) | 12.6% | 17.2% | 0.56 | 0.5% |
| Gold (GLD) | 18.8% | 18.8% | 0.81 | 2.9% |
| Commodities (DBC) | 10.6% | 19.5% | 0.42 | -5.4% |
| Real Estate (VNQ) | 1.5% | 18.9% | -0.03 | 15.7% |
| Bitcoin (BTCUSD) | 11.1% | 52.6% | 0.39 | 10.4% |
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 APMC | |
|---|---|---|---|---|
| APMC | 0.0% | 2.2% | -1.59 | - |
| Sector ETF (XLF) | 13.4% | 22.1% | 0.55 | 5.2% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 0.5% |
| Gold (GLD) | 12.2% | 16.3% | 0.61 | 2.9% |
| Commodities (DBC) | 7.9% | 18.1% | 0.36 | -5.4% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 15.7% |
| Bitcoin (BTCUSD) | 63.6% | 66.2% | 1.03 | 10.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
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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