MCAP Acquisition Corporation (MCAP) and AdTheorent Waive Minimum Cash Ahead of Vote
MCAP (NASDAQ:PFDR) announced this morning that its proposed merger partner AdTheorent has opted to waive its minimum cash conditions as a part of their transaction.
The parties initially agreed to a $140 million overall minimum cash threshold and a minimum of $258.1 million set to come from MCAP’s roughly $316 million trust.
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