RMG Acquisition Corp. III Overview
Pro stress-test →RMG Acquisition Corp. III (NASDAQ: RMGC) is a special purpose acquisition company (SPAC) affiliated with Riverside Management Group, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The company was founded with IPO proceeds of $483 million on February 5, 2021, but is currently in liquidated status.
Strategic Profile
Pro stress-test →RMG III's core mission is to mobilize investor capital to identify, evaluate, and merge with potential target companies, serving as a catalyst for value creation by bringing together well-positioned operational businesses. The SPAC was formed by Riverside's James Carpenter and former Carlyle executive Robert Mancini.
Competitive Landscape
Pro stress-test →As a defunct SPAC, RMG III no longer competes in any market. However, had it successfully merged with H2B2, it would have competed in the hydrogen energy and green energy solutions market against companies focused on hydrogen fuel cells, energy generation, and renewable power infrastructure.
Key facts
Founded: 2021 · Headquarters: New York, US · Employees: N/A · Revenue: N/A · Market cap: N/A