RMG Acquisition Corp. (RMG.U) Prices $200 Million SPAC

RMG Acquisition Corp. (RMG.U), announced the pricing of their $200 million SPAC IPO this evening and the units are expected to begin trading tomorrow, February 8th, under the symbol NYSE: RMG.U.

RMG, which intends to focus on businesses in the diversified resources and industrial materials sectors, is being led by D. James Carpenter, as Chairman, and Robert Mancini, as CEO.

Total SPAC deal count for 2019 year-to-date is now six with $1,138 million in gross proceeds raised. The offering is expected to close on or about February 12, 2019.

Congratulations to all.

Deutsche Bank acted as sole book-running manager in the offering.  Stifel acted as lead-manager.