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ACP Holdings Acquisition Corp. (NASDAQ:ACGC) announced the completion of its initial public offering and related private placement, raising a total of $215,689,080 in gross proceeds, according to a press release statement filed with the SEC.
The company completed its IPO on Wednesday, selling 20,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment. The IPO generated gross proceeds of $200,000,000.
Simultaneously with the IPO, ACP Holdings Acquisition Corp. completed a private placement of 485,000 units at $10.00 per unit, raising an additional $4,850,000. Of these, Union Street Sponsor, LLC purchased 435,000 units and Roth Capital Partners, LLC, the IPO underwriter, purchased 50,000 units.
On Friday, an additional 1,461,600 units were issued and sold at $10.00 per unit pursuant to the underwriter’s over-allotment option, bringing in $14,616,000 in additional gross proceeds.
A total of $215,689,080 from the IPO and private placement, which includes up to approximately $4,500,000 of deferred underwriting commissions, was placed in a U.S.-based trust account maintained by Odyssey Transfer and Trust Company.
ACP Holdings Acquisition Corp. is incorporated in the Cayman Islands and is classified as a blank check company. Its units, ordinary shares, and warrants are listed on the Nasdaq Stock Market under the symbols ACGCU, ACGC, and ACGCW, respectively.
An audited balance sheet as of April 8, 2026, reflecting the receipt of proceeds from the IPO and private placement, was included as an exhibit to the SEC filing.
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