ACP Holdings completes $200 million IPO on Nasdaq

ACP Holdings Acquisition Corp. (NASDAQ: ACGCU) completed its initial public offering of 20 million units at $10.00 per unit, raising $200 million. The company announced the closing on April 8, 2026.

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant allows the purchase of one Class A ordinary share at $11.50, subject to adjustments.

The units began trading on Nasdaq under ticker "ACGCU" on April 7, 2026. The Class A ordinary shares and warrants will trade separately under symbols "ACGC" and "ACGCW" respectively once separate trading begins.

Concurrent with the IPO, the company completed a private placement of 485,000 units at $10.00 per unit. Union Street Sponsor, LLC purchased 435,000 units while Roth Capital Partners bought 50,000 units. The company placed $201 million from the combined offerings in trust.

ACP Holdings is a blank check company seeking merger or acquisition opportunities. The company targets businesses with enterprise values of approximately $750 million or greater that align with management's private credit investment background.

The company's sponsor is affiliated with Atlas Credit Partners, a Houston-based investment manager providing financing solutions to middle market companies. Roth Capital Partners served as sole book-running manager for the offering.

The Securities and Exchange Commission declared the registration statement effective on April 6, 2026. The information is based on a company press release.

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