
Market Technology Acquisition Corp Announces Closing of $205,000,000 Initial Public Offering, Including Partial Exercise of Underwriters' Over-Allotment Option
GlobeNewsWire
Published: Jul 28, 2026, 02:33 AM
Sentiment Analysis
Market Technology Acquisition Corp announced the closing of its initial public offering of 20,500,000 units, including 500,000 units issued pursuant to the partial exercise of the underwriters' over-allotment option, at an offering price of $10.00 per unit, resulting in gross proceeds of $205,000,000.
The units began trading on the Global Market tier of The Nasdaq Stock Market LLC under the ticker symbol “MTAKU” on July 24, 2026. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at $11.50 per share.
Once the securities comprising the units begin separate trading, the ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “MTAK” and “MTAKW,” respectively.
The Company intends to use the net proceeds from the offering after expenses, and the simultaneous private placements of units, to consummate the Company's initial business combination and for working capital following the offering.
About Market Technology Acquisition Corp Market Technology Acquisition Corp is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, 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. While the Company’s strategy allows for an initial business combination in any business or industry or at any stage of its corporate evolution, its primary focus is businesses operating across the global capital markets ecosystem, with particular emphasis on licensed U.S. equities and options clearing businesses and related market infrastructure, and post-trade, brokerage, custody, execution and financial technology platforms.
Source: GlobeNewsWire
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