RMG Acquisition Corp. III
RMGC
NASDAQ Capital Market9.98
USD
-0.04
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RMG Acquisition Corp. III
RMGC
(NASDAQ Capital Market)
Recent
price
9.98
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- RMG Acquisition Corp. III is a special purpose acquisition company (SPAC) incorporated in 2020 and headquartered in Miami Beach, Florida. The company is formed primarily to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses across diverse sectors, aiming to leverage its management team's expertise to identify and acquire target companies that offer attractive long-term risk-adjusted returns. As a SPAC, RMG Acquisition Corp. III does not have significant operations or produce products but acts as a vehicle to facilitate business combinations. Its principal activity involves raising capital through initial public offerings, having completed a $483 million IPO in February 2021. In recent developments, RMG Acquisition Corp. III pursued a potential business combination with H2B2 Electrolysis Technologies, a global provider of green hydrogen energy systems and proprietary water electrolysis technology focused on hydrogen production, transport, and commercialization across industrial, energy storage, mobility, and residential sectors. However, this merger agreement was terminated in early 2024. The company extended its deadline multiple times to consummate a business combination, delaying the termination date from February 9, 2023, to May 9, 2023, and later to August 9, 2024, seeking shareholder approval for these extensions. Despite these efforts, the company announced in mid-2025 the decision to dissolve and liquidate because it could not complete a business combination within the required timeframe. The liquidation entails redeeming all outstanding Class A ordinary shares at approximately $10 per share and delisting from Nasdaq. The sponsor waived redemption rights for certain shares, while warrants will expire worthless. RMG Acquisition Corp. III operates as a subsidiary of RMG Sponsor III, LLC and targets business combinations primarily in the United States, with no direct product offerings as it functions as a financial acquisition entity. The company’s business strategy revolves around the acquisition or merger with operational businesses that can deliver shareholder value upon transition from the SPAC structure. Its operations and strategic shifts in recent years have centered on extending deadlines and pursuing suitable merger candidates, culminating in the liquidation decision in 2025 when no business combination was consummated. Overall, RMG Acquisition Corp. III is a blank-check company focused on facilitating mergers and acquisitions, with significant recent activity involving an attempted hydrogen energy sector merger and ultimately moving towards shareholder redemption and liquidation due to unmet combination completion deadlines. It serves as an investment vehicle rather than a traditional operating company with products or services.
RMG Acquisition Corp. III Announces Delisting from Nasdaq
RMG Acquisition Corp. III Announces Cancellation of Dissolution
RMG Acquisition Corp. III Announces Liquidation