RMG Acquisition II announced the closing of its IPO of 34.5 million units, which included the full exercise of the underwriters’ over-allotment option, at a price of $10 per unit.
Units trade on the Nasdaq under “RMGBU”. Once the securities comprising the units begin separate trading, shares and redeemable warrants are expected list under “RMGB” and “RMGBW,” respectively.
The SPAC has not cited any specific sectors to target, but will concentrate on companies in growing markets, with differentiated products or services and unrecognized value, among other considerations. Read more.
