RMG ML Sports Holdings completes $200M IPO and over-allotment, trust holds $216.5M

RMG ML Sports Holdings

IPO of 20M units at $10/unit raised $200M; private placement of 210K units to sponsor raised $2.1M.
Underwriter partially exercised over-allotment for 1.65M units on June 15, adding $16.5M to trust; total trust $216.5M.
On June 16, underwriter forfeited remaining over-allotment; Sponsor forfeited 450K Class B founder shares.
Audited balance sheet shows $200M in trust, $1.14M cash, shareholders' deficit of $10.9M as of June 11, 2026.
Company is a blank-check SPAC with 21 months to complete a business combination; no target identified.

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