IFR US ECM Pricings
ACP Holdings Acquisition (Cayman Islands, SPAC) – $200m IPO. 20m units (Primary) at $10.00. ROTH. Nasdaq “ACGCU”. Atlas Credit Partners. Not defined. 18 months. 100.5% in trust.
Apogee Acquisition (Cayman Islands, SPAC) ─ $150m IPO. 15m units (Primary) at $10.00. ARC. Nasdaq “AACPU”. Each unit comprises one share, one warrant, and one-fifth right. Jeffery Smith. Enterprise software. 18 months. 100% in trust. Downsized from 25m units. Revised from one share and one-half warrant gearing on March 23.
Atlas Energy Solutions (US, oilfield services) ─ $390m 5y cvt priced at 0.5%, up 30% versus 0.5%-1% and 27.5%-32.5% marketing. JPM, BOFA, BARC. Upsized from $300m. Capped call to $22.32, a 100% premium.
Mach Natural Resources (US, energy MLP) ─ $117.5m Block. 9m shares (Secondary) at $13.05 versus $13.05-$13.45 marketing and $14.15 last sale. MS. Affiliates of CEO Tom Ward indicated for $2m of shares sold in the offering. Vepu, Simlog and Sabinal Energy are the selling shareholders.