Mason Industrial Technology offered 40 million units priced at $10 each to raise $400 million.
The SPAC is pursuing a business combination in industrial technology, advanced materials or the specialty chemicals industries.
Mason 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.
Units start trading today on the NYSE under MIT.U. Read more.
