RMG ML Sports Holdings, a blank check company led by Riverside's James Carpenter targeting sports, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock, and one right to receive one-eighth of one share at the time of the business combination.
RMG ML Sports Holdings is led by CEO and Director James Carpenter, who is the founder and CEO of Riverside Management Group. He is joined by CFO and Director Douglas Horlick, who is an investment banker at BCW Securities and the founder of Estancia, and Chairman Paul Grinberg, who is the Chairman of Axos Financial.
The SPAC intends to target the global sports industry and adjacent sectors including, but not limited to, entertainment, eSports, gaming, music publishing and real estate development (focused on stadiums and venues).
The Incline Village, NV-based company will trade on the Nasdaq under the symbol SHOTU. Santander acted as sole bookrunner on the deal.
