The Manila Times7h ago

Meridian3 Industrials Acquisition Corp closes $201.25 million IPO of 20,125,000 units

Meridian3 Industrials Acquisition Corp (MIACU) has completed a $201.25 million initial public offering, issuing 20,125,000 units priced at $10.00 each. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. The SPAC said it plans to focus on industrial technology sectors including Industry 4.0, smart manufacturing and next-generation mobility, and has not announced a business combination target or timetable. Proceeds are expected to be placed in a trust account pending a future business combination.

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