Union Street Sponsor, LLC 4
4 · ACP Holdings Acquisition Corp. · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
ACP Holdings (ACGCU) Sponsor Union Street Buys 435,000 Shares
What Happened
Union Street Sponsor, LLC (the Sponsor), a reported 10% owner of ACP Holdings Acquisition Corp. (ACGCU), purchased 435,000 private placement units on April 8, 2026. Each unit consisted of one Class A ordinary share and one-half of a redeemable warrant, at $10.00 per unit, for an aggregate purchase price of $4,350,000. The Form 4 reports the Sponsor as the record holder of the 435,000 Class A shares underlying those units. This transaction is coded as a purchase (P).
Key Details
- Transaction date: April 8, 2026; Form 4 filed April 10, 2026 (timely reported).
- Consideration: $10.00 per unit; aggregate $4,350,000.
- Securities acquired: 435,000 Class A ordinary shares (via 435,000 private placement units).
- Warrants: units include one-half warrant each → 217,500 redeemable warrants attached.
- Shares owned after transaction: 435,000 Class A shares reported of record by the Sponsor.
- Footnotes: F1—purchase was simultaneous with the Issuer’s IPO; F2—435,000 shares reflect underlying Class A shares; F3—Sponsor is record holder; Union Street Management Sponsor, LLC is managing member and Andrew Mallozzi has voting/investment discretion but disclaims beneficial ownership beyond any pecuniary interest.
- Transaction code: P = Purchase.
Context
This was a private placement purchase made concurrently with the company’s IPO (typical for sponsors/founders) and included warrants in addition to shares. As a 10% sponsor entity (institutional sponsor), this is part of structuring the offering rather than routine executive trading; such sponsor purchases are informative but not the same signal as an individual insider buying or selling for personal reasons.
Insider Transaction Report
- Purchase
Class A ordinary shares
[F1][F2][F3]2026-04-08+435,000→ 435,000 total
Footnotes (3)
- [F1]Simultaneously with the consummation of ACP Holdings Acquisition Corp.'s (the "Issuer") initial public offering, Union Street Sponsor, LLC (the "Sponsor") purchased 435,000 private placement units ("Private Placement Units"), each consisting of (i) one Class A ordinary share and (ii) one-half of one redeemable warrant, at a price of $10.00 per unit, or $4,350,000 in the aggregate.
- [F2]Reflects the 435,000 Class A ordinary shares underlying the Private Placement Units.
- [F3]The Sponsor is the record holder of such shares. Union Street Management Sponsor, LLC is the managing member of the Sponsor. Andrew Mallozzi is the managing member of the Union Street Management Sponsor, LLC, and has voting and investment discretion with respect to the securities held of record by the Sponsor. Mr. Mallozzi disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.