This afternoon, RMG Acquisition Corp. (RMG.U), filed a new registration statement with both the removal of the delaying amendment and two Anchor Investors in the form of BlackRock, Inc. and Alta Investment Advisers LLC.
The Anchor investors have expressed interest in purchasing 2,530,000 units in the offering ($25.3 million) and will also be participating as part of the Sponsor group purchasing private placement warrants. Of the 4 million private placement warrants the Sponsor Group is purchasing at $1.50 ($6 million in total), the Anchor Investors will be purchasing 666,667 warrants ($1 million). Additionally, the Anchors will now be receiving 500,000 (before over-allotment) Founder Shares, which is 10% of the total amount.
BlackRock has become something of a Anchor Investor specialist in the past year, having participated as an Anchor in both VectoIQ (for $25 million) and LF Capital (for $13.4 million). Plus, BlackRock is participating in the $80 million PIPE that is part of the recently announced Platinum Eagle deal with Target Logistics.
And while some may quibble with the Anchor Investment language that reads as “The Anchor Investors have expressed to us an interest to purchase…”, meaning there’s no hard commitment to purchase those IPO shares, keep in mind that they have to give back those Founders Shares if they don’t. And BlackRock and Alta want those Founders Shares…
Additionally, the removal of the delaying amendment in this new S-1 means that RMG will be getting effective and pricing 20 days later on February 5th.
Revised summary of terms below:
Deutsche Banks is bookrunning manager. Stifel is lead manager.
Latham & Watkins LLP and Weil, Gotshal & Manges LLP are issuer’s counsel and underwriter’s counsel, respectively.


Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...
M3-Brigade V (NASDAQ:MBAV) has entered into a definitive agreement to combine with crypto treasury firm ReserveOne, assembling about $1 billion in equity funding. ReserveOne is setting up a diversified Bitcoin and digital asset treasury with a portion of its investments going towards blockchain infrastructure and venture raises. The combined company is expected to trade on...
At the SPAC of Dawn As the SPAC market has warmed in 2025, only 21 of the 70 SPACs (30%) that have IPO’d thus far have overfunded their trusts to draw in investors and none of these funded to more than 101%. By contrast, 87% of 2023 SPACs were overfunded – some to as high...
Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...