RMG Acquisition, a blank check company formed to acquire a materials or energy services business, filed for its IPO on Monday.
The New York, NY-based company plans to raise $200 million by offering 20 million units at a price of $10. Each unit will consist of one share of common stock and one third of one warrant to purchase one share of common stock at $11.50. At $10, RMG Acquisition would command a market value of $250 million.
RMG Acquisition was founded in 2018 and plans to list on the NYSE under the symbol RMG.U. Deutsche Bank is the sole bookrunner on the deal.
