Marblegate Acquisition Corp. (GATEU) Prices $300M IPO

Marblegate Acquisition Corp. announced the pricing of its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GATEU” Friday, October 1.

The Company aims to identify, acquire and build an under-covered enterprise that has recently gone through a restructuring within a niche market. Marblegate is led by CEO Andrew Milgram, President Paul Arrouet, CFO Mark Zoldan, and Chairman Harvey Golub.

Total SPAC deal count for 2021 year-to-date is now 449. This offering is expected to close on Tuesday, October 5.

Cantor is the sole book-running manager for the offering.  Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Graubard Miller LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.