ADQ and Chimera Capital Form SPAC Called ADC Acquisition Corporation

Posted on 04/13/2022

Abu Dhabi Developmental Holding Company (ADQ) and investment firm Chimera Capital formed a blank-check company (SPAC) called ADC Acquisition Corporation. ADC Acquisition Corporation will raise 367 million dirhams and list in Abu Dhabi. ADC Acquisition Corporation will sell 36.7 million shares to investors at an offer price of 10 dirhams, which will be listed on…

Get News, People, and Transactions, Delivered to Your Inbox