RMG Acquisition Corp. III
RMGCW
NASDAQ Capital Market0.04
USD
-0.01
- -
CIK
0001838108
ISIN
KYG760881220
CUSIP
G76088122
Return %
Stock
S&P500
1Y
-70.00
26.53
3Y
-95.67
76.60
5Y
-97.21
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Robert S. Mancini
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 50 West Street New York City NY United States of America
- IPO Date
- Mar 29, 2021
- CIK
- 0001838108
- Similar Companies
- Business
- RMG Acquisition Corp. III operates as a blank check company, or special purpose acquisition company (SPAC), whose purpose is to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. The company conducts no significant operations and generates no revenue other than interest income from its trust account holding proceeds from its initial public offering; it focuses exclusively on sourcing, evaluating, and executing strategic acquisitions, targeting businesses valued between $1 billion and $4 billion across diverse sectors such as technology, industrials, and business services. Incorporated in 2020 as a Cayman Islands exempted company, RMG Acquisition Corp. III maintains its headquarters at 5775 Collins Avenue, 57 Ocean, Suite 403, Miami Beach, Florida, and operates as a subsidiary of RMG Sponsor III, LLC. In May 2023, the company entered into a merger agreement with H2B2 Electrolysis Technologies, Inc., a provider of hydrogen electrolyzer components and green hydrogen energy systems, initially valuing the target at $750 million, which was subsequently amended in December 2023 to reduce the purchase price to $400 million and adjust minimum investment requirements to $30 million; however, the parties mutually terminated the agreement in April 2024 due to failure to meet the closing deadline amid unfavorable market conditions. Following multiple deadline extensions, including up to August 2023, and the inability to identify and consummate an alternative business combination, RMG Acquisition Corp. III announced its decision to liquidate and dissolve in July 2025, redeeming all outstanding Class A ordinary shares at approximately $10.00 per share, cancelling public shares as of July 9, 2025, allowing warrants to expire worthless, effecting delisting from Nasdaq, and appointing Alvarez & Marsal Cayman Islands Limited as voluntary liquidators to oversee asset distribution.