RMG ML Sports Holdings (SHOTU), a newly formed special purpose acquisition company, on Tuesday announced the pricing of its initial public offering of 20 million units at $10 per unit.
The offering is expected to close on June 11.
The gross proceeds from the offering are expected to be $200 million.
The company has granted the underwriter a 45-day option to purchase up to an additional 3 million units at the IPO price to cover over-allotments, if any.
The units are expected to begin trading on the Nasdaq Global Market on June 10 under the ticker symbol "SHOTU."
Each unit consists of one Class A ordinary share and one right to receive one-eighth of one Class A ordinary share upon completion of the company's initial business combination.
Once the securities begin separate trading, the Class A ordinary shares and rights are expected to trade under the symbols "SHOT" and "SHOTR," respectively.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.