Monitor for the company's initial business combination announcement, which must occur within the SPAC's specified timeframe. The $216.5M trust provides acquisition firepower but no target has been identified yet.
Price Chart
Executive Summary
RMG ML Sports Holdings (SHOT) filed an 8-K reporting the partial exercise of the underwriters' over-allotment option in its IPO, adding 1,650,000 units at $10.00/unit for $16.5M in additional gross proceeds. Total IPO proceeds now stand at $216.5M held in trust. This is a routine post-IPO administrative update with no material change to the company's outlook.
Key Facts
- IPO closed June 11, 2026 with 20,000,000 units at $10.00/unit, gross proceeds $200,000,000.
- Underwriters partially exercised over-allotment for 1,650,000 units at $10.00/unit, generating additional $16,500,000.
- Total units sold: 21,650,000; total gross proceeds: $216,500,000.
- Total trust account balance after over-allotment: $216,500,000.
- Company is a blank-check SPAC targeting sports industry opportunities.
Financial Impact
Total trust account of $216,500,000 available for future business combination.
Risk Factors
- SPAC must complete a business combination within a limited timeframe or face liquidation.
- No operating revenue or business operations currently; stock price tied to deal speculation.
- Over-allotment exercise increases dilution for existing holders if no redemption occurs.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-068901 |
| Document: ea029485601ex99-1.htm | 0001213900-26-068901 |
| Document: 0001213900-26-068901-index-headers.html | 0001213900-26-068901 |
| Document: 0001213900-26-068901-index.html | 0001213900-26-068901 |
| Document: 0001213900-26-068901.txt | 0001213900-26-068901 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 17, 2026 18w ago | 8-K | — | awaiting T+20 | — | — |
Jun 15, 2026 19w ago | 8-K | — | awaiting T+20 | — | — |
Jun 11, 2026 19w ago | 8-K | — | awaiting T+20 | — | — |
Jun 9, 2026 20w ago | Press Release | — | awaiting T+20 | — | — |
US Market Status
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