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2021-12-10 15:15
10:24 AM EST, 12/09/2021 (MT Newswires) -- MCAP Acquisition (MACQ), a blank-check company, said that AdTheorent and its major stakeholder, an affiliate of H.I.G. Capital, have agreed to waive certain closing conditions for their planned business combination.
MCAP said the parties have agreed to waive both the $140 million cash consideration and the $258.1 million available cash in trust stipulated as closing conditions in their business combination agreement.
MCAP stockholders are expected to vote on the merger on Dec. 21. If approved, a closing will take place shortly thereafter.
MCAP went public in March, raising $316 million. The company is sponsored by an affiliate of Monroe Capital (MRCC), it said.
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