Here are the S-1 registration statements from Accelevation Holdings Corp. (ACCV) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An S-1 covers the registration statement a company files to sell shares publicly, so if you follow ACCV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ACCV filings page.
Accelevation Holdings Corp. (ACCV) proposes an IPO of 30,000,000 shares of Class A common stock: 8,635,165 shares from the company and 21,364,835 from selling stockholders. The estimated price is $20.00 to $24.00 per share. The company will receive no proceeds from selling-stockholder sales. Underwriters may purchase up to 4,500,000 additional shares from selling stockholders; Nasdaq listing approval is required to complete the offering.
The company will use net proceeds to acquire 8,635,165 Series A Units of Holdings LLC and intends to use a portion of the proceeds to repay approximately $180.0 million of Credit Agreement borrowings, based on the midpoint of the estimated price range. After the offering, the company expects to own 53% of Holdings LLC’s economic interest and serve as its sole managing member. Assuming the stated offering size, Olympus Partners, LP is expected to control approximately 85% of combined voting power, or 83% if underwriters exercise their option in full. A Tax Receivable Agreement will require cash payments to rights holders for certain tax benefits; the company expects the payments to be substantial and says they could materially affect liquidity.