Mason Industrial Technology filed to offer 40 million units at $10 each to raise $4oo million in an IPO.
Mason in the S-1 filing says it will focus on industrial technology, advanced materials or the specialty chemicals industries for an acquisition target.
The SPAC is led by Chairman Michael Martino, a founder and principal of Mason Capital, formed in 2000, where he led the creation of a multi-billion dollar hedge fund active in public company, private company, event-driven, credit, shareholder activism and distressed investments. Martino began his career at Oppenheimer & Company in 1993.
The SPAC plans to list on the NYSE under MIT.U. Read more.
