Marblegate Acquisition filed to offer 30 million units at $10 each, with each unit consisting of one share and one-half of one redeemable warrant.
Marblegate will focus on companies that have undergone restructuring.
The new SPAc is led by CEO and Executive Director Andrew Milgram. Prior to forming Marblegate, Milgram was a principal at Epic Asset Management
Cantor is sole book-running manager for the offering. The underwriters have an option to purchase up to an additional 4.5 million units to cover over-allotments, if any.
The SPAC has applied to list on the Nasdaq under GATEU. Read more.