We currently intend to concentrate our efforts in identifying high quality businesses that have recently undergone a restructuring. Our management team and Marblegate, an affiliate of our sponsor, have extensive experience investing in post-restructured companies. We believe that this experience makes us very well situated to identify, source, negotiate and execute a business combination at a favorable valuation with an attractive post-restructuring company.

We are led by Andrew Milgram, our CEO, and Paul Arrouet, our president. Mr. Milgram and Mr. Arrouet are the co-founders of Marblegate, an alternative investment firm established in 2008 to capitalize on corporate restructuring opportunities. As of Aug. 1, 2021, Marblegate managed about $2.3 billion across multiple funds, primarily for institutional clients such as pension funds, endowments, foundations, family offices, funds of funds and high net worth individuals. As of June 30, 2021, Marblegate has invested about $3.9 billion across multiple industries since the launch of its first fund in 2009. As of Dec. 31, 2020, Marblegate’s Special Opportunities Master Fund, its first and only active open-ended hedge fund style investment fund, has a cumulative net return of 247.4% since inception, with an annualized net return of 11.0%.

Eighteen anchor investors had indicated an interest in buying units at the IPO price in amounts that surpassed in aggregate the SPAC’s entire IPO, the prospectus says.

(Note: Marblegate Acquisition Corp. priced its SPAC IPO on Sept. 30, 2021, in line with the terms in its prospectus: 30 million units at $10 each to raise $300 million.)