Marblegate Acquisition Closes $300M IPO

Marblegate Asset Management

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.

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