Form 4: Altus Power Inc. Completes Merger with Avenger Parent, Inc., CBRE Acquisition Sponsor, LLC Reports Ownership Changes

CBRE Acquisition Sponsor, LLC reports changes in beneficial ownership of Altus Power, Inc. stock following the completion of a merger with Avenger Parent, Inc.

Summary

• This document is a Form 4 filing with the SEC, detailing changes in beneficial ownership of Altus Power, Inc. (AMPS) stock by CBRE Acquisition Sponsor, LLC and related entities.
• The filing reports transactions related to the merger of Altus Power, Inc. with Avenger Parent, Inc., which was completed on April 16, 2025.
• Prior to the merger, CBRE Acquisition Sponsor, LLC held 27,489,897 shares of Class A Common Stock indirectly.
• On April 15, 2025, 543,375 shares of Class B Common Stock held by the Reporting Persons were converted into 2,885,853 shares of Class A Common Stock.
• Upon completion of the merger on April 16, 2025, each outstanding share of Class A Common Stock was converted into the right to receive $5.00 in cash.
• Following the merger, CBRE Acquisition Sponsor, LLC no longer directly holds any Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the document reports the completion of a merger, which is generally viewed as a positive corporate event. The filing itself is a routine regulatory requirement.

Future Outlook

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

Industry Context

This announcement reflects a trend of mergers and acquisitions within the renewable energy sector, as companies seek to consolidate and expand their market presence.

Stakeholder Impact

• Shareholders of Altus Power, Inc. received $5.00 in cash for each share of Class A Common Stock.
• Employees of Altus Power, Inc. are now part of a wholly-owned subsidiary of Avenger Parent, Inc.

Key Dates

Keywords

Merger, Altus Power, CBRE Acquisition Sponsor, Beneficial Ownership, Form 4, SEC Filing, AMPS, Avenger Parent