RMG Acquisition Corp. III Announces Closing of $483,000,000 Initial Public Offering

Feb 09, 2021

RMG Acquisition Corp. III (the “Company”) announced today the closing of its initial public offering of 48,300,000 units, which included the full exercise of the underwriters’ over-allotment option, at a price of $10.00 per unit, resulting in gross proceeds of $483,000,000. The units began trading on the Nasdaq Stock Market, LLC (“Nasdaq”) under the ticker symbol “RMGCU” on February 5, 2021. Each unit consists of one Class A ordinary share and one-fifth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and redeemable warrants are expected to be listed on Nasdaq under the symbols “RMGC” and “RMGCW,” respectively.

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