Abu Dhabi SWF-Backed SPAC Becomes First to Merge, Finds UPP

Posted on 09/20/2023

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…

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