RMG Acquisition V Files for $425M IPO

IPO

RMG Acquisition V registered with the SEC to offer 42.5 million units at $10 each.

This is the fifth SPAC launched by Executive Chairman D. James Carpenter, founder and CEO of Riverside Management Group, and CEO Robert Mancini, a former Carlyle Group managing director.

RMG V has not selected a specific sector to target. The management team’s first two RMG SPACs reached merger agreements with power companies.

The SPAC expects to list on the Nasdaq under RMGEU. Read more

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