Congratulations to the deal team of Jon Talcott, Peter Strand, Mike Bradshaw, Gary Brown, and Kaylen Loflin for its representation of MCAP Acquisition Corporation (Nasdaq: MACQ), a special purpose acquisition company based in Chicago, in connection with the $121.5 million private investment in public equity (PIPE) offering and entry into a definitive merger agreement with AdTheorent Inc., a New York City based advertising-technology company using data science and machine learning capabilities to optimize ad targeting by evaluating and providing predictive scores for more than 87 billion impressions daily. Upon completion of the transaction, the combined company will be named AdTheorent, Inc. and it is expected to remain listed on Nasdaq. The transaction reflects an implied equity value for the combined company of approximately $1 billion.

MCAP Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. In March 2021 it consummated a $316 million initial public offering of 31.6 million units (reflecting the underwriter’s exercise of their over-allotment option in full), each unit consisting of one share of the Company’s Class A common stock and one-third of one redeemable warrant, each whole warrant enabling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share.

Canaccord Genuity acted as exclusive financial advisor to AdTheorent.  Bank of America, Cowen, and Canaccord Genuity acted as capital markets advisors to MCAP.  Greenberg Traurig and Nelson Mullins Riley & Scarborough are serving as legal advisors to MCAP while Paul Hastings and Kirkland & Ellis are serving as legal advisors to AdTheorent.

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