RMGCU News

RMG Acquisition III, the third blank check company formed by Riverside's James Carpenter and former Carlyle executive Robert Mancini, raised $420 million by offering 42 million units at $10. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. The company is led by Chairman James Carpenter, founder...read more

RMG Acquisition III, a third blank check company formed by Riverside's James Carpenter and former Carlyle executive Robert Mancini, raised the proposed deal size for its upcoming IPO on Tuesday. The New York, NY-based company now plans to raise $420 million by offering 42 million units at a price of $10. The company had previously filed to offer 35 million shares at the same...read more

In a staggering start to 2021, two biotechs and 28 SPACs raised over $7.1 billion in the first week of the new year. Activity should remain high as new filings continued to flood the IPO pipeline.   Chinese cancer biotech Gracell Biotechnologies (GRCL) priced above the range to raise $209 million at a $1.3 billion market cap. Gracell is developing CAR-T...read more

RMG Acquisition III, the third blank check company formed by Riverside's James Carpenter and former Carlyle executive Robert Mancini, filed on Monday with the SEC to raise up to $350 million in an initial public offering. The New York, NY-based company plans to raise $350 million by offering 35 million units at $10. Each unit consists of one share of common stock and one-third...read more