Conyers advised ACP Holdings Acquisition Corp. on its $200 million initial public offering on the Nasdaq Global Market, the firm said.
The special purpose acquisition company issued 20 million units at $10 each. The units are listed under the ticker symbol ACGCU. The offering excludes any additional proceeds from a partial exercise of the underwriters’ over-allotment option.
Proceeds from the IPO are expected to be used to pursue a future business combination, a standard structure for SPACs, though specific target sectors were not disclosed.
Roth Capital Partners served as the sole book-running manager for the offering. Conyers provided Cayman Islands legal advice on the transaction, working alongside DLA Piper LLP (US) as lead legal counsel to the company.
The Conyers team was led by partners Alex Davies and Matthew Harkness, with support from associate Daniel Cannon.
