ACP Acquisition (ACGC)
Market Price (9/4/2026): $10.05 | Market Cap: $272.2 MilSector: Financials | Industry: Multi-Sector Holdings
ACP Acquisition (ACGC)
Market Price (9/4/2026): $10.05Market Cap: $272.2 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 1.5% | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -71% | Key risksACGC key risks include [1] the failure to complete an initial business combination, Show more. |
| Low stock price volatilityVol 12M is 1.5% |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -71% |
| Key risksACGC key risks include [1] the failure to complete an initial business combination, Show more. |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ACGC Return | - | - | - | - | - | 1% | 1% |
| Peers Return | 1% | 1% | |||||
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| ACGC Win Rate | - | - | - | - | - | 60% | |
| Peers Win Rate | 64% | ||||||
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| ACGC Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | |||||||
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GSRV, DGAC, AACP.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/3/2026 (YTD)
How Low Can It Go
ACGC has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
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ACGC has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About ACP Acquisition (ACGC)
ACP Acquisition (ACGC) is a Special Purpose Acquisition Company (SPAC), commonly referred to as a blank check company. Its fundamental business is to raise capital through a public offering with the express purpose of acquiring and merging with an existing private operating company. The successful completion of this merger or business combination effectively brings the acquired private company into the public markets. ACGC itself does not offer traditional products or services; instead, its value proposition lies in its management team's ability to identify and execute on a promising acquisition.
The company targets private businesses with an aggregate enterprise value of approximately $750 million or greater. While it maintains flexibility across industries and regions, ACGC's strategic focus is on companies that complement its management team’s strong background in private credit investments. A differentiating factor for ACGC is its emphasis on proprietary sourcing and direct origination, particularly seeking non-sponsor U.S. middle and lower-middle market companies.
ACGC is sponsored by an affiliate of Atlas Credit Partners, a credit-focused asset manager. The company highlights its seasoned management team, which possesses over 80 years of combined investment, operational, and capital markets experience across various economic cycles. This expertise is leveraged to identify well-positioned target businesses, facilitate a successful business combination, and enhance the value of the acquired entity as it transitions into the public market, thereby serving its investors by aiming for a strong public market entry.
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- It's like Goldman Sachs, but exclusively focused on finding one private company to bring public via merger.
- Think of it as a private equity firm (like KKR) whose sole mission is to acquire a single private company and list it on the stock exchange.
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- Initial Business Combination: ACP Acquisition's core purpose is to identify, acquire, and complete a merger or similar business combination with one or more private operating companies, effectively bringing them to the public market.
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ACP Acquisition (ACGC) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC). Its primary purpose is to raise capital through an initial public offering and then to acquire or merge with an existing private operating company. As such, ACGC does not currently have major customers in the traditional sense of selling products or services to other companies or individuals.
Instead, its business model revolves around identifying and executing an initial business combination with a target company. Therefore, it does not have a customer base that purchases goods or services.
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Andrew E. Mallozzi, Chairman and Chief Executive Officer
Andrew Mallozzi is the founder, CEO, and CIO of Atlas Credit Partners, a credit-focused asset manager. Atlas Credit Partners is the sponsor of ACP Acquisition.
Andrew Sung, President, Chief Financial Officer and Director
Andrew Sung serves as the Director of Research at Atlas, which refers to Atlas Credit Partners.
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Key Risks for ACP Acquisition (ACGC)
- Inability to Complete an Initial Business Combination: As a blank check company, ACP Acquisition's sole purpose is to effect a business combination with one or more businesses. A key risk is the potential failure to identify a suitable target company or to successfully complete a merger or acquisition within the stipulated timeframe. If the company is unable to consummate an initial business combination, it would be forced to liquidate and return its assets to shareholders, potentially at a reduced value.
- Competition for Target Businesses: ACP Acquisition intends to focus on companies with an aggregate enterprise value of approximately $750 million or greater. The market for potential target businesses in this range is highly competitive. The company will compete with numerous other blank check companies, private equity firms, and strategic acquirers for attractive opportunities, which could make it difficult to identify and secure a desirable business combination.
- Reliance on Management Team's Expertise: The success of ACP Acquisition is highly dependent on the ability of its management team to identify, acquire, and successfully operate a business. The company emphasizes its management team’s "operational, investment and capital markets experience" and "proprietary sourcing and direct origination." Should the management team be unable to leverage this experience effectively to find and execute a valuable business combination, or if key members of the team depart, it could materially and adversely affect the company's prospects.
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Expected Drivers of Future Revenue Growth for ACP Acquisition (ACGC)
Over the next 2-3 years, the primary drivers of future revenue growth for ACP Acquisition (ACGC) are intrinsically linked to its fundamental purpose as a blank check company and its strategy for identifying and integrating with a target business. These drivers include:
- Successful Completion of a High-Growth Initial Business Combination: The foundational driver for ACGC's future revenue growth will be the successful identification and merger with an operating business that exhibits strong inherent growth potential. ACP Acquisition aims to combine with companies that have an aggregate enterprise value of approximately $750 million or greater, focusing on businesses that complement its management team's background in identifying and executing private credit investments. The selection of a robust and expanding target company will directly dictate the revenue trajectory of the combined entity.
- Strategic and Operational Enhancements Implemented by the Management Team: The company emphasizes that its management team's "operational, investment and capital markets experience" will "bring value to the target post-business combination." This indicates that ACGC's seasoned professionals are expected to actively optimize and expand the acquired business's revenue streams through strategic initiatives and operational improvements following the merger.
- Expansion into New Markets or Product Lines by the Acquired Entity: Post-business combination, the combined entity is expected to pursue growth initiatives, potentially encompassing geographical expansion, diversification of product and service offerings, or entry into adjacent markets. These expansion strategies will be facilitated by the resources and strategic guidance provided by ACGC to generate new revenue streams.
- Leveraging the Sponsor's Network and Capital Access: As an affiliate of Atlas Credit Partners, a Houston, Texas-based credit-focused asset manager, ACGC can leverage its sponsor's extensive network and experience in providing capital to companies across multiple life cycle stages. This affiliation and access to capital could significantly support the acquired business's organic and inorganic growth ambitions, thereby accelerating future revenue expansion for the combined entity.
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Share Issuance
- ACP Acquisition completed its initial public offering (IPO) on April 8, 2026, selling 20,000,000 units at $10.00 per unit, which raised gross proceeds of $200,000,000.
- The company also completed a private placement of 485,000 units at $10.00 per unit, generating an additional $4,850,000.
- An additional 1,461,600 units were issued and sold at $10.00 per unit through the underwriter's over-allotment option, bringing in $14,616,000 in additional gross proceeds.
Inbound Investments
- Concurrent with its IPO, ACP Acquisition completed a private placement where Union Street Sponsor, LLC purchased 435,000 units and Roth Capital Partners, LLC bought 50,000 units, each at $10.00 per unit, totaling $4,850,000.
Peer Outperformance in Multi-Sector Holdings
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Investment Banking & Brokerage | 13 | 10.4% | 128.8% | 144.3% | IBKR 492% · SNEX 242% · HOOD 188% |
| Reinsurance | 6 | 23.1% | 85.5% | 131.0% | SPNT 163% · RGA 142% · MTG 132% |
| Diversified Banks | 12 | 42.0% | 132.3% | 121.2% | CM 158% · JPM 157% · RY 146% |
| Life & Health Insurance | 20 | 16.7% | 57.4% | 98.7% | JXN 510% · UNM 325% · FG 227% |
| Multi-Sector Holdings ← | 6 | 3.6% | 42.8% | 80.0% | JONE 362% · JEF 82% · BRK-B 80% |
| Property & Casualty Insurance | 42 | 13.3% | 76.7% | 68.5% | ASIC 2735900% · HRTG 448% · UVE 304% |
| Regional Banks | 264 | 27.5% | 81.6% | 66.2% | GCBC 368% · ESQ 363% · NBN 294% |
| Multi-line Insurance | 9 | 13.8% | 78.1% | 57.0% | GNW 184% · L 104% · SLF 93% |
| Consumer Finance | 30 | 10.9% | 79.5% | 38.3% | ENVA 601% · EZPW 383% · FCFS 170% |
| Insurance Brokers | 16 | -11.2% | 2.8% | 27.1% | LIFE 587% · AJG 92% · ARX 88% |
| Asset Management & Custody Banks | 83 | -9.7% | 16.8% | 20.4% | WT 331% · SII 303% · VCTR 290% |
| Financial Exchanges & Data | 15 | 2.5% | 23.2% | 19.7% | VIRT 213% · CBOE 152% · CME 78% |
| Diversified Financial Services | 4 | -0.7% | -1.0% | 15.1% | FRHC 158% · EQH 95% · TMS -65% |
| Commercial & Residential Mortgage Finance | 12 | -34.2% | 15.7% | 6.5% | FNMA 487% · FMCC 469% · ESNT 65% |
| Specialized Finance | 3 | 15.8% | 45.5% | -10.3% | EFC 34% · CACC -10% · HASI -15% |
| Mortgage REITs | 33 | -9.9% | 9.6% | -13.8% | NREF 55% · RITM 51% · DX 39% |
| Transaction & Payment Processing Services | 15 | 5.4% | 1.7% | -39.0% | MA 77% · V 75% · CPAY 60% |
| Diversified Capital Markets | 21 | -17.8% | 0.3% | -44.3% | BTCS 660% · OPY 203% · LPLA 146% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 9.96 |
| Mkt Cap | 0.3 |
| Rev LTM | - |
| Op Inc LTM | - |
| FCF LTM | - |
| FCF 3Y Avg | - |
| CFO LTM | - |
| CFO 3Y Avg | - |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | - |
| Rev Chg 3Y Avg | - |
| Rev Chg Q | - |
| QoQ Delta Rev Chg LTM | - |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | - |
| CFO/Rev 3Y Avg | - |
| FCF/Rev LTM | - |
| FCF/Rev 3Y Avg | - |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.00 | 0.01 | 0.02 | 0.02 | -0.00 | -0.01 |
| Up Beta | -0.05 | 0.04 | 0.02 | 0.01 | -0.04 | -0.02 |
| Down Beta | -0.01 | -0.03 | 0.02 | 0.01 | 0.00 | 0.00 |
| Up Capture | 3% | 3% | 3% | 1% | 0% | 0% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 4 | 10 | 17 | 17 | 17 | 17 |
| Down Capture | 1% | -0% | -1% | -0% | -0% | -0% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 2 | 5 | 10 | 11 | 11 | 11 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACGC | |
|---|---|---|---|---|
| ACGC | 0.8% | 1.7% | -0.08 | - |
| Sector ETF (XLF) | 10.8% | 14.6% | 0.48 | 23.7% |
| Equity (SPY) | 21.2% | 12.8% | 1.23 | 23.8% |
| Gold (GLD) | 25.1% | 29.1% | 0.77 | 21.3% |
| Commodities (DBC) | 42.9% | 20.4% | 1.64 | -12.6% |
| Real Estate (VNQ) | 10.7% | 13.6% | 0.50 | 9.1% |
| Bitcoin (BTCUSD) | -31.0% | 43.5% | -0.73 | 16.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACGC | |
|---|---|---|---|---|
| ACGC | 0.2% | 1.7% | -0.08 | - |
| Sector ETF (XLF) | 10.6% | 18.4% | 0.44 | 23.7% |
| Equity (SPY) | 13.1% | 17.2% | 0.58 | 23.8% |
| Gold (GLD) | 19.6% | 18.8% | 0.85 | 21.3% |
| Commodities (DBC) | 11.0% | 19.5% | 0.44 | -12.6% |
| Real Estate (VNQ) | 2.0% | 18.9% | 0.00 | 9.1% |
| Bitcoin (BTCUSD) | 10.5% | 52.6% | 0.38 | 16.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACGC | |
|---|---|---|---|---|
| ACGC | 0.1% | 1.7% | -0.08 | - |
| Sector ETF (XLF) | 13.7% | 22.1% | 0.56 | 23.7% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 23.8% |
| Gold (GLD) | 12.5% | 16.3% | 0.63 | 21.3% |
| Commodities (DBC) | 8.0% | 18.1% | 0.36 | -12.6% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 9.1% |
| Bitcoin (BTCUSD) | 63.1% | 66.1% | 1.03 | 16.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-Sector Holdings Resources |
| McKinsey & Company Insights |
| Harvard Business Review |
| ValueWalk |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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