Marblegate Acquisition, a blank check company formed by Marblegate targeting post-restructuring businesses, raised $300 million by offering 30 million units at $10. Each unit contains one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by CEO and Director Andrew Milgram, co-founder and Managing Partner of Marblegate Asset Management, CFO Mark Zoldan, CFO of Marblegate, and President and Director Paul Arrouet, Managing Partner of Marblegate.
The company aims to leverage management's experience to target post-restructure businesses with the ability to develop a significant niche market position.
Marblegate Acquisition plans to list on the Nasdaq under the symbol GATEU. Cantor Fitzgerald acted as sole bookrunner on the deal.
