Corporate ActionApr 10, 2026, 04:51 PM
ACGC Completes IPO, Raises $214.6M with Over-Allotment
AI Summary
ACP Holdings Acquisition Corp. announced the successful completion of its initial public offering (IPO) on April 8, 2026, selling 20,000,000 units at $10.00 each, raising $200,000,000 in gross proceeds. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Additionally, on April 10, 2026, the underwriters partially exercised their over-allotment option, purchasing an extra 1,461,600 units for an additional $14,616,000, bringing the total gross proceeds to $214,616,000.
Key Highlights
- ACP Holdings Acquisition Corp. completed its IPO of 20,000,000 units.
- The IPO generated gross proceeds of $200,000,000 at $10.00 per unit.
- Underwriters partially exercised over-allotment for 1,461,600 additional units.
- Over-allotment exercise generated an additional $14,616,000 in gross proceeds.
- Total gross proceeds from IPO and over-allotment reached $214,616,000.