SPAC ACP Holdings Acquisition files for a $200 million IPO
IPO Overview
ACP Holdings Acquisition, a blank check company backed by Atlas Credit Partners, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
The company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-third of a 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 was founded in 2026 and plans to list on the Nasdaq under the symbol ACGCU. Roth Capital is the sole bookrunner on the deal.
About the Company
We are a blank check company. While we may pursue an initial business combination target in any industry or geographic region, we intend to focus on companies that have an aggregate enterprise value of approximately $750 million or greater, that complement our management team’s background of identifying and executing on private credit investments. We believe that the operational, investment and capital markets experience of our management team will make us an attractive partner to potential target businesses, enhance our ability to complete a successful business combination, and bring value to the target post-business combination. Our sponsor is an affiliate of Atlas Credit Partners, a Houston, Texas based credit-focused asset manager providing financing solutions to private and public U.S. middle and lower-middle market companies. Atlas Credit Partners has experience providing capital to companies across multiple stages of their life cycle, with an emphasis on both value and growth-oriented businesses.
