Carpenter and Mancini's fourth SPAC RMG Acquisition IV files for a $275 million IPO

RMG Acquisition IV, the fourth blank check company formed by Riverside's James Carpenter and former Carlyle executive Robert Mancini, filed on Friday with the SEC to raise up to $275 million in an initial public offering.

The New York, NY-based company plans to raise $275 million by offering 27.5 million units at $10. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. At the proposed deal size, RMG Acquisition IV will command a market value of $344 million.

The company is led by Chairman James Carpenter, founder and CEO of Riverside Management Group, and CEO and Director Robert Mancini, a former Managing Director with The Carlyle Group and co-head of its power investment business. While the company has not selected a specific target industry or geography, it intends to capitalize on the ability of the management team to identify, acquire, and operate businesses across a broad range of sectors with enterprise values between $750 million and $1.5 billion.

Management's previous SPACs include RMG Acquisition, which completed its merger with EV battery maker Romeo Power (RMO; +23% from $10 offer price) in December; RMG Acquisition II (RMGBU; +10%), which raised $300 million in December; RMG Acquisition III (RMGCU; +5%), which raised $420 million earlier this month; and RMG Acquisition V (RMGEU), which filed concurrently with RMG Acquisition IV.

RMG Acquisition IV was founded in 2021 and plans to list on the Nasdaq under the symbol RMGDU. BofA Securities and Barclays are the joint bookrunners on the deal.