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Mason Industrial Technology announced that starting on or about March 22, 2021, holders of its 50,000,000 initial public offering units can opt to separately trade shares of Class A common stock and warrants. These will be listed on the New York Stock Exchange under symbols 'MIT' for common stock and 'MIT.W' for warrants, while unseparated units will trade as 'MIT.U.' The Company focuses on executing a business combination in industrial technology and materials sectors. This announcement does not constitute a sale or solicitation in jurisdictions where it would be unlawful.
Mason Industrial Technology, Inc. has successfully closed its initial public offering, raising $500 million by selling 50 million units at $10 each, which included 5 million units from the underwriters' over-allotment option. Each unit consists of one share of Class A common stock and one-third of a redeemable warrant, exercisable at $11.50 per share. The securities are traded on the NYSE under the ticker symbol MIT.U. The company aims to identify merger or acquisition opportunities in the industrial technology sector.
