Meridian3 Industrials Acquisition, a blank check company targeting industrial technology, filed on Thursday with the SEC to raise up to $175 million in an initial public offering.
The company plans to raise $175 million by offering 17.5 million units at $10. Each unit consists of one share of common stock, and one-third of one warrant to purchase a share, exercisable at $11.50.
Meridian3 Industrials Acquisition is led by CEO and Director F. Jeremey Mistry, the co-founder of Pali Hill Capital Management. He is joined by CFO Jeffrey Foster, who is a member of Cloud Capital, which he was formerly the CFO of. The SPAC intends to target the industrial technology sector, specifically focusing on "Industry 4.0," smart manufacturing, and next-generation mobility.
The New York, NY-based company was founded in 2026. It plans to list on the Nasdaq under the symbol MIACU. Cantor Fitzgerald is the sole bookrunner on the deal.
