Marblegate Acquisition closed its IPO of 30 million units priced at $10 each. Units trade on the Nasdaq under GATEU.
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.