other material
confidence high
sentiment neutral
materiality 0.60
RMG ML Sports Holdings closes partial over-allotment, raising total IPO proceeds to $216.5M
RMG ML Sports Holdings
- Underwriters partially exercised over-allotment, purchasing 1,650,000 additional units at $10/unit, raising $16.5M.
- Total IPO units now 21,650,000; aggregate gross proceeds $216.5M, all held in trust account.
- Units began trading on Nasdaq June 10 under 'SHOTU'; ordinary shares and rights to trade as 'SHOT' and 'SHOTR'.
- SPAC led by CEO James Carpenter and CFO Douglas Horlick; targeting sports, entertainment, eSports, gaming, and real estate.