MCAP Acquisition Corporation Completes Business Combination with AdTheorent (AdTheorent Goes Public as ADTH)
December 23, 2021
MCAP Acquisition Corporation, sponsored by Monroe Capital, completed its business combination with AdTheorent, and the combined company began trading on Nasdaq under the ticker ADTH. The transaction included an oversubscribed $121.5 million PIPE anchored by Hana Financial Group, Monroe Capital and Palantir Technologies and provided roughly $100 million of primary proceeds to fund AdTheorent's growth; H.I.G. Growth Partners remains AdTheorent's largest stockholder.
- Buyers
- MCAP Acquisition Corporation, Monroe Capital, Hana Financial Group, Palantir Technologies
- Targets
- AdTheorent Holding Company, Inc.
- Industry
- Marketing & Advertising
- Location
- New York, United States
- Transaction Type
- Recapitalization
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