Form 4: Altus Power Director Richard N. Peretz Reports Disposal of Shares Following Merger

Richard N. Peretz, a director of Altus Power, Inc., reported the disposal of 134,620 shares of Class A Common Stock due to the merger with Avenger Parent, Inc.

Summary

• Richard N. Peretz, a director at Altus Power, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The filing is related to the merger between Altus Power and Avenger Parent, Inc., which became effective on April 16, 2025.
• As a result of the merger, Mr. Peretz disposed of 134,620 shares of Class A Common Stock.
• Each share of Class A Common Stock was converted into the right to receive $5.00 in cash.
• Outstanding restricted stock units were also converted into the right to receive cash based on the number of underlying shares and the merger consideration.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to a merger. It doesn't convey strong positive or negative sentiment, but rather reports a factual event.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the merger.

Industry Context

This announcement reflects a completed merger, which is a common corporate action in the business world. The specifics of the deal, such as the cash consideration per share, are relevant to investors and industry observers.

Key Dates

Keywords

Form 4, Beneficial Ownership, Merger, Altus Power, AMPS, Avenger Parent, Richard N. Peretz, Class A Common Stock