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ACP Holdings Acquisition Corp. is a blank check company incorporated in the Cayman Islands on January 28, 2026, formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, referred to as its initial business combination. The company has not selected any specific target and has not initiated substantive discussions with any potential targets. It intends to focus on companies with an aggregate enterprise value of approximately $750 million or greater that complement its management team's background in private credit investments. ACP Holdings is conducting an initial public offering of 20,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share and one-third of one redeemable warrant exercisable for one Class A ordinary share at $11.50 per share. Proceeds of $200 million (or $230 million if the underwriters' 45-day over-allotment option for 3 million additional units is exercised in full) will be placed in a U.S.-based trust account invested in U.S. government treasury obligations or money market funds. The company has 24 months from the offering closing to complete its initial business combination, with possible shareholder-approved extensions. Its sponsor, Union Street Sponsor, LLC, purchased 7,666,667 Class B founder shares for $25,000 (up to 1 million subject to forfeiture if over-allotment not exercised) and committed to buy 390,000 private placement units for $3.9 million. The sponsor will own 25% of issued ordinary shares post-offering. Public shareholders can redeem shares for pro rata trust account value upon business combination completion. As an emerging growth company and smaller reporting company, it benefits from reduced disclosure requirements.
Offering Amount
$318.2M
Shares Offered
500,000,000
Shares Offered
20,000,000
Offering Amount
$200,000,000
Price Range
$10.00
Share Type
Units (Class A ordinary shares + 1/3 warrant)
Exchange
Nasdaq Global Market
Ticker
ACGCU (units), ACGC (shares), ACGCW (warrants)
Use of Proceeds: $200 million into trust account for initial business combination; $1.25 million for working capital.
Blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.