Marblegate Acquisition priced its IPO of 30 million units at $10 each. Units begin trading today on the Nasdaq under GATEU.
Once the securities begin separate trading, shares and warrants are expected to list under GATE and GATEW.
The SPAC intends to concentrate its efforts on identifying high quality businesses that have recently undergone a restructuring.
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 any over-allotments. Read more.
