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Market Technology Acquisition Corp Announces Closing of $205,000,000 Initial Public Offering, Including Partial Exercise of Underwriters' Over-Allotment Option

MTAKMTAKWMTAKU
  • Market Technology Acquisition Corp (MTAK) closed its initial public offering of 20,500,000 units at $10.00 per unit on July 27, 2026, generating gross proceeds of $205,000,000.
  • The offering included 500,000 units from the partial exercise of the underwriters' over-allotment option.
  • Units began trading on Nasdaq under the ticker "MTAKU" on July 24, 2026, with each unit comprising one Class A ordinary share & one-half of one redeemable warrant.
  • Whole warrants allow holders to purchase one Class A ordinary share at $11.50 per share, with no fractional warrants issued upon separation.
  • Separate trading for ordinary shares & warrants is expected under the symbols "MTAK" & "MTAKW" respectively.
  • Net proceeds will be used to consummate an initial business combination & for working capital following the offering.
  • BTIG, LLC served as the sole book-running manager for the offering.
  • The SEC declared the registration statement effective on July 23, 2026.
  • The company is a SPAC focusing on businesses within the global capital markets ecosystem, including U.S. equities & options clearing businesses & related market infrastructure.
  • The management team is led by CEO Jonathan Slone & CFO/COO Christopher Hayes.