RMG Acquisition Corp. Announces Closing of $200 Million Initial Public Offering
12 Februar 2019 - 8:31PM
Business Wire
RMG Acquisition Corp. (the “Company”) announced today that it
closed its initial public offering of 20,000,000 units. The
offering was priced at $10.00 per unit, resulting in gross proceeds
of $200,000,000. The units began trading on the New York Stock
Exchange under the ticker symbol “RMG.U” on February 8, 2019. Each
unit consists of one share of the Company’s Class A common stock
and one-third of one warrant, with each whole warrant enabling the
holder thereof to purchase one whole share of Class A common stock
at a price of $11.50 per share. Once the shares of Class A common
stock and warrants begin separate trading, they are expected to be
listed on the NYSE under the symbols “RMG” and “RMG.WS,”
respectively. No fractional warrants will be issued upon separation
of the units and only whole warrants will trade.
RMG Acquisition Corp., led by James Carpenter, Robert Mancini
and Philip Kassin, was formed for the purpose of entering into a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses in the diversified resources and industrial materials
sectors.
Deutsche Bank Securities served as the sole bookrunner for the
offering and Stifel served as the lead manager for the
offering.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from Deutsche Bank Securities Inc.,
Attn: Prospectus Group, 60 Wall Street, New York, NY 10005, or by
telephone at 1-800-503-4611 or by email at prospectus.CPDG@db.com
and from Stifel, Nicolaus & Company, Incorporated, Attn:
Syndicate Department, 1 South Street, 15th Floor, Baltimore, MD
21202, or by telephone at (855) 300-7136, or by email
syndprospectus@stifel.com.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission (the “SEC”) and
became effective on February 4, 2019. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such an offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements”. Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's registration statement and
prospectus for the offering filed with the SEC. Copies are
available on the SEC’s website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190212005849/en/
Investors:Philip Kassin(212) 220-9503
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