Sponsor for ACP Holdings (ACGCU) buys 435K Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Union Street Sponsor, LLC, a 10% owner of ACP Holdings Acquisition Corp., reported an open-market style purchase tied to the company’s initial public offering. The sponsor purchased 435,000 private placement units, each including one Class A ordinary share and one-half of a redeemable warrant, at $10.00 per unit, for a total of $4,350,000. Following the transaction, the sponsor holds 435,000 Class A ordinary shares. The filing notes that Union Street Management Sponsor, LLC manages the sponsor, and Andrew Mallozzi has voting and investment discretion, while disclaiming beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Net Buy
1 txn
Insider
Union Street Sponsor, LLC
Role
10% Owner
Bought
435,000 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A ordinary shares | 435,000 | $0.00 | -- |
Holdings After Transaction:
Class A ordinary shares — 435,000 shares (Direct, null)
Footnotes (1)
- 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. Reflects the 435,000 Class A ordinary shares underlying the Private Placement Units. 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.
Key Figures
Private placement units purchased: 435,000 units
Price per unit: $10.00 per unit
Aggregate purchase amount: $4,350,000
+2 more
5 metrics
Private placement units purchased
435,000 units
Simultaneous with ACP Holdings initial public offering
Price per unit
$10.00 per unit
Private placement units including one Class A share and half a warrant
Aggregate purchase amount
$4,350,000
Total consideration for 435,000 private placement units
Shares held after transaction
435,000 Class A ordinary shares
Total Class A shares underlying the private placement units
Net buy shares
435,000 shares
Net-buy direction in transaction summary
Key Terms
private placement units, redeemable warrant, beneficial ownership, pecuniary interest
4 terms
private placement units financial
"purchased 435,000 private placement units ("Private Placement Units"), each consisting of (i) one Class A ordinary share"
redeemable warrant financial
"each consisting of (i) one Class A ordinary share and (ii) one-half of one redeemable warrant"
A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.
beneficial ownership financial
"Mr. Mallozzi disclaims any beneficial ownership of the securities held by the Sponsor"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"other than to the extent of any pecuniary interest he may have therein, directly or indirectly"
FAQ
What insider transaction did Union Street Sponsor report for ACGCU?
Union Street Sponsor, LLC reported buying 435,000 private placement units of ACP Holdings Acquisition Corp. Each unit includes one Class A share and half a warrant. This totals 435,000 Class A ordinary shares underlying the units after the transaction.
How much did the ACGCU sponsor pay for the private placement units?
The sponsor paid $10.00 per private placement unit, purchasing 435,000 units for $4,350,000 in total. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, acquired simultaneously with the initial public offering.
What are ACGCU private placement units as described in the Form 4?
The private placement units are securities purchased by the sponsor at $10.00 per unit. Each unit consists of one Class A ordinary share of ACP Holdings Acquisition Corp. and one-half of one redeemable warrant, providing both equity and warrant exposure in a single instrument.