---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-023263"
form_type: "8-K"
ticker: null
cik: "0001892922"
company_name: "Mars Acquisition Corp."
filed_at: "2023-02-17T23:59:59+00:00"
generated_at: "2026-06-19T08:20:56.909564+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Mars Acquisition Corp. closes $69M IPO, including full over-allotment; $70.38M placed in trust

## Summary
- Closed IPO of 6,900,000 units at $10.00/unit, including 900,000 units from full over-allotment exercise.
- Gross proceeds of $69,000,000; units trade on Nasdaq under MARXU.
- Simultaneous private placement of 391,000 units to sponsor for $3,910,000.
- Net proceeds of $70,380,000 deposited into trust account for benefit of public shareholders.
- Company is a blank-check SPAC targeting a business combination within 12-18 months.

## SEC filing metadata
- accession: 0001104659-23-023263
- form_type: 8-K
- cik: 0001892922
- company_name: Mars Acquisition Corp.
- filed_at: 2023-02-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892922/000110465923023263/0001104659-23-023263-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892922/000110465923023263/tm237195d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-023263
- JSON: https://secwatch.observer/filing/0001104659-23-023263.json
- Plain text: https://secwatch.observer/filing/0001104659-23-023263.txt

## Key facts
- Governance Changes
  Mars Acquisition Corp.: Adoption of Amended and Restated Memorandum and Articles of Association (effective 2023-02-13).
  - Change: charter amendment
  - Effective: 2023-02-13
  source text: On February 13, 2023, the Company adopted its Amended and Restated Memorandum and Articles of Association.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892922/000110465923023263/0001104659-23-023263-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.