RMG Acquisition, a blank check company formed to acquire a materials or energy services business, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one third of one warrant to purchase one share of common stock at $11.50.
Anchor investors BlackRock and Alta Fundamental Advisers intend to purchase $25 million worth of shares in the offering (12.5% of the deal).
Chairman James Carpenter is CEO of Riverside Management Group, and is a managing member of the SPAC's sponsor.
RMG Acquisition plans to list on the NYSE under the symbol RMG.U. Deutsche Bank acted as a lead manager on the deal.
