RMG Acquisition IV Cuts 27% Off Deal Size Ahead of $200M IPO


RMG Acquisition IV in an amended S-1 filing lowered its planned offering to 20 million units, down from the 27.5 million originally registered in February. A unit now consists of one Class A ordinary share and one-half of a warrant (originally one-fifth).

RMG IV will consider a broad range of sectors, including diversified industrials, business services, technology, telecommunications, media and entertainment, pharmaceutical and consumer healthcare, financial services and financial technology, consumer products, energy and power, real estate including real estate services and related businesses, environmental services, mobility and electrification of the transportation industry and insurance and insurance related services. Any target would have an enterprise value of $750 million to $1.5 billion. 

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

BofA Securities and Barclays are joint book-running managers. The underwriters have an option to purchase up to an additional 3 million units to cover any over-allotments.

The SPAC intends to apply for a listing on the Nasdaq under RMGDU. Read more.

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