RMG ML Sports Holdings Announces Closing of Partial Exercise of Over-Allotment Option in Connection with its Initial Public Offering

Incline Village, NV, June 15, 2026 (GLOBE NEWSWIRE) -- RMG ML Sports Holdings (the “Company”), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company and led by Chief Executive Officer, James Carpenter, and President and Chief Financial Officer, Douglas Horlick, today announced that the underwriters of its previously announced initial public offering have partially exercised their option to purchase an additional 1,650,000 units at the public offering price of $10.00 per unit, resulting in additional gross proceeds of $16.5 million. After giving effect to this partial exercise of the over-allotment option, the total number of units sold in the public offering increased to 21,650,000 units, resulting in total gross proceeds of $216,500,000 for the Company’s initial public offering. Each unit consists of one Class A ordinary share and one right to receive one-eighth (1/8) of one Class A ordinary share upon the consummation of the Company’s initial business combination. The units began trading on the Global Market tier of the Nasdaq Stock Market (“Nasdaq”) under the ticker symbol “SHOTU” on June 10, 2026. Once the securities comprising the units begin separate trading, the ordinary shares and the rights are expected to be traded on Nasdaq under the symbols “SHOT” and “SHOTR,” respectively.