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ADC Acquisition Corporation PJSC (ADC) is the UAE’s first Special Purpose Acquisition Company (SPAC). ADC Acquisition Corporation entered into an agreement with ADQ Developmental Holding LLC providing for a business combination with Abu Dhabi-based United Printing & Publishing Sole Proprietorship LLC (UPP). Established by Abu Dhabi Developmental Holding Company PJSC (ADQ) and Chimera Investments in…
ADC Acquisition Corporation (ADC), the UAE’s first special purpose acquisition company (SPAC), has entered into an agreement with ADQ Developmental Holding to acquire Abu Dhabi-based United Printing & Publishing Sole Proprietorship (UPP).
Abu Dhabi entities ADC and United Printing go for SPAC in new deal
Funding activity in the Gulf region during the first week of June was marked by two major deals by Saudi Arabian startups. It includes fundraising ......