Mason Industrial Technology, Inc.
MITGW
Other OTC0.00
USD
- -
- -
Return %
Stock
S&P500
1Y
20.00
26.84
3Y
20.00
77.03
5Y
20.00
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Edward Arthur Rose III
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 110 East 59th Street New York City NY United States of America 10022
- Website
- masonitech.com
- Similar Companies
- Business
- Mason Industrial Technology, Inc. Mason Industrial Technology, Inc. (MITGW) operates as a blank check company whose purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, with a focus on the industrial technology, advanced materials, or specialty chemicals industries; it has not consummated any specific business combination and maintains no operational products or services beyond its special purpose acquisition structure. Sponsored by Mason Industrial Sponsor, LLC, an affiliate of Mason Capital Management LLC, the company targets opportunities in these sectors without current revenue-generating activities or geographic operations beyond its U.S. base. Incorporated in 2020 and headquartered at 110 East 59th Street, 29th Floor, New York, New York 10022, it features a leadership team including CEO Edward A. Rose and Chairman Michael Martino, with board members such as Derek Satzinger, Philip Whitehead, and Diane M. Parisi. In a significant development, the company announced in January 2023 its intent to redeem all public shares and delist from the New York Stock Exchange, with warrants trading on the OTC Pink Marketplace under MITGW and expiring worthless, reflecting its wind-down after failing to complete a business combination; concurrently, Mason Capital Management, its affiliate sponsor, led a consortium including IES Holdings, Inc. IES Holdings, Inc., Nut Tree Capital Management, LP, and others to acquire CB&I, a leading designer and builder of storage facilities, tanks, and terminals for energy and industrial markets, in an all-cash transaction completed December 2024 that positioned CB&I as a standalone entity with no funded debt. This acquisition underscores Mason's strategic shift toward control investments in energy infrastructure, distinct from Mason Industrial Technology, Inc. 's dormant SPAC activities.