ACP Holdings Acquisition, a blank check company backed by Atlas Credit Partners, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.
ACP Holdings Acquisition is led by CEO and Chairman Andrew Mallozzi, the founder, CEO, and CIO of credit-focused asset manager Atlas Credit Partners. He is joined by CFO, President, and Director Andrew Sung, the Director of Research at Atlas. While it has not selected a target industry or geography, the SPAC plans to focus on businesses with an aggregate enterprise value of $750 million or more that have experienced management teams and strong market positions, among other characteristics.
The Houston, TX-based company will trade on the Nasdaq under the symbol ACGCU. Roth Capital acted as sole bookrunner on the deal.
