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Marblegate Acquisition Corp. (NASDAQ: GATEU) announced that starting November 22, 2021, holders of its IPO units can separately trade shares of Class A common stock and warrants. The Class A shares will trade under the symbol GATE, and the warrants under GATEW. Units that are not separated will continue to trade as GATEU. Marblegate is a blank check company focused on mergers and acquisitions, particularly targeting businesses that have recently undergone restructuring. This separation allows investors more flexibility in their trading strategies.
Marblegate Acquisition Corp. (NASDAQ: GATEU) successfully closed its initial public offering (IPO) on October 5, 2021, raising $300 million through the sale of 30 million units at $10.00 per unit. Each unit comprises one share of Class A common stock and one-half of a redeemable warrant. The proceeds include an additional $1.5 million from a private placement, with $301.5 million placed in the trust account. The company focuses on merging or acquiring high-quality businesses, particularly those that have recently undergone restructuring.
