M&A: Atlantic Coastal Acquisition Corp. II

Form Type: S-1

Filing Date: 2024-12-23

Corporate Action: Merger

Type: New

Accession Number: 000121390024111919

Comments: Abpro Holdings, Inc. filed a registration statement under the Securities Act of 1933 on December 23, 2024, which includes a primary offering of up to 28,850,000 shares of Common Stock and a secondary offering of up to 31,785,312 shares of Common Stock and 13,850,000 Warrants. The document outlines a Business Combination that occurred on November 13, 2024, involving ACAB and Abpro Corporation, where ACAB merged with Abpro Corporation, with Abpro Corporation becoming a wholly owned subsidiary of ACAB. The transaction resulted in the issuance of approximately 50,000,000 shares of Common Stock to shareholders of Abpro Corporation as Merger Consideration. Additionally, the registration is to satisfy certain registration rights granted to selling shareholders, including provisions for resale and the effects of potentially significant stockholder sales on market prices. The Common Stock and Public Warrants are now listed on the Nasdaq under symbols 'ABP' and 'ABPWW'.

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