ACP Holdings Acquisition Corp. Completes IPO, Raises $215.7M

What Happened ACP Holdings Acquisition Corp. (ACGC) announced it consummated its initial public offering (IPO) and related private placement in early April 2026. The IPO initially sold 20,000,000 units at $10.00 per unit on April 8, 2026, and an additional 1,461,600 units were issued on April 10, 2026 pursuant to the underwriter’s over‑allotment option. Each unit consists of one Class A ordinary share and one‑half of one warrant (each full warrant exercisable for one share at $11.50, subject to adjustment). The company placed $215,689,080 of the proceeds into a U.S.-based trust account and filed an audited balance sheet as of April 8, 2026 (Exhibit 99.1).

Key Details

• IPO: 20,000,000 units sold at $10.00/unit on April 8, 2026 — gross proceeds $200,000,000.
• Over‑Allotment: Underwriter Roth Capital Partners had a 45‑day option for up to 3,000,000 units; 1,461,600 units were issued and sold on April 10, 2026 for $14,616,000.
• Private Placement: 485,000 units sold simultaneously on April 8, 2026 at $10.00/unit — gross proceeds $4,850,000 (Sponsor Union Street Sponsor, LLC bought 435,000 units; Roth bought 50,000).
• Trust and Fees: $215,689,080 of proceeds placed in trust (this amount includes up to approximately $4,500,000 of deferred underwriting commissions).

Why It Matters The company has raised and segregated its IPO and related private placement proceeds into a trust account, a key step after an offering because those funds are held separately while the company pursues its next corporate objectives. For investors, the filing confirms the successful close of the offering, the amount held in trust, the exercise of the over‑allotment option, and that an audited balance sheet reflecting these transactions has been filed. These are material facts for assessing the company’s cash position and next steps following the public listing.