Mason Industrial Technologyclosed its IPO of 50 million units, including the issuance of 5 million units as a result of the underwriters’ exercise of their over-allotment option.
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
The SPAC’s units trade on the NYSE under MIT.U. Read more.
