Form 4: Altus Power Inc. Completes Merger with Avenger Parent, Inc., CBRE Acquisition Sponsor, LLC Reports Ownership Changes
SEC Form 4 Filing
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 beneficially owned by the Reporting Persons were converted into 2,885,853 shares of Class A Common Stock.
- Following the merger, each outstanding share of Class A Common Stock was converted into the right to receive $5.00 in cash.
- As a result of the merger, CBRE Acquisition Sponsor, LLC no longer directly holds shares of Altus Power, Inc.
- The filing is also signed by CBRE Services, Inc. and CBRE Group, Inc., indicating their involvement in the reported transactions.
Sentiment
Score: 6
Explanation: The document is a standard SEC filing related to a merger. It's neutral in tone and simply reports the facts of the transaction and resulting changes in ownership. Therefore, the sentiment is moderately neutral.
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 transaction, which is a common occurrence in the corporate world. The specifics of the deal, such as the cash consideration per share, are relevant to investors and industry observers.
Stakeholder Impact
- Shareholders of Altus Power, Inc. received $5.00 in cash for each share of Class A Common Stock.
- Altus Power, Inc. became a wholly-owned subsidiary of Avenger Parent, Inc.
Key Dates
| Date | Description |
|---|---|
| February 5, 2025 | Date of the Agreement and Plan of Merger between Altus Power, Inc., Avenger Parent, Inc., and Avenger Merger Sub, Inc. |
| April 15, 2025 | Conversion of Class B Common Stock into Class A Common Stock. |
| April 16, 2025 | Effective date of the merger between Altus Power, Inc. and Avenger Parent, Inc. |
| April 18, 2025 | Date of filing the Form 4 by CBRE Acquisition Sponsor, LLC, CBRE Services, Inc., and CBRE Group, Inc. |
Keywords
Merger, Beneficial Ownership, Form 4, Altus Power, CBRE Acquisition Sponsor, Avenger Parent, SEC Filing, AMPS
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