MCAP Acquisition Corporation and AdTheorent Announce Closing of Business Combination
MCAP Acquisition Corporation (MCAP) (Nasdaq: MACQ), a special purpose acquisition company sponsored by an affiliate of Monroe Capital LLC (Monroe Capital), today announced the completion of its business combination (the Business Combination) with AdTheorent Holding Company, LLC (AdTheorent or the Company), a leading programmatic digital advertising company using advanced machine learning technology and privacy-forward solutions to deliver measurable value for advertisers and marketers.
- MCAP Acquisition Corporation (MCAP) (Nasdaq: MACQ), a special purpose acquisition company sponsored by an affiliate of Monroe Capital LLC (Monroe Capital), today announced the completion of its business combination (the Business Combination) with AdTheorent Holding Company, LLC (AdTheorent or the Company), a leading programmatic digital advertising company using advanced machine learning technology and privacy-forward solutions to deliver measurable value for advertisers and marketers.
- Theodore L. Koenig, former CEO of MCAP noted, "The completion of the business combination in todays market was an incredible accomplishment.
- In 2018, an affiliate of Monroe was a member of the sponsor group of Thunder Bridge Acquisition, Ltd. and supported its successful business combination with Repay Holdings Corporation (Nasdaq: RPAY).
- Prior to the consummation of the Business Combination, MCAP was a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, or other similar business combination with one or more businesses or entities.