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Marblegate Acquisition Priced, Nasdaq: GATE

Blank check company formed by Marblegate targeting post-restructuring businesses (pending: DePalma).

Industry: SPAC

Latest Trade: $10.40 0.00 (0.0%)

First Day Return: -0.5%

Return from IPO: +4.0%

Industry: SPAC

We are a newly organized blank check company incorporated as a Delaware corporation and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. While we may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, we currently intend to concentrate our efforts in identifying high quality businesses that have recently undergone a restructuring. Our management team and Marblegate, an affiliate of our sponsor, have extensive experience investing in post-restructured companies. We believe that this experience makes us very well situated to identify, source, negotiate and execute a business combination at a favorable valuation with an attractive post-restructuring company. arblegate is an alternative investment firm founded in 2008 to capitalize on corporate restructuring opportunities. As of August 1, 2021 Marblegate managed approximately $2.3 billion across multiple funds, primarily for institutional clients such as pension funds, endowments, foundations, family offices, funds of funds and high net worth individuals.
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IPO Data
IPO File Date 09/09/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/30/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 30.0
Deal Size ($mm) $300
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Cantor Fitzgerald
Company Data
Headquarters New York, NY, United States
Founded 2020
Employees 3
Website marblegate.com

Marblegate Acquisition (GATE) Performance