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- Controlled Company (new) — Only Class B holders can vote on director appointments, so Nasdaq may exempt the company from independent-director and compensation-committee rules.
- Going Concern (new) — The auditor's report includes a going-concern warning, meaning there is substantial doubt about the company's ability to continue operating.
MIACU prices $175M SPAC IPO at $10 per unit; $1.2M net proceeds to company
Filed July 2, 2026 · ~2 min read
Key Changes
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Offering 17.5M units at $10.00 each; each unit includes one Class A share and one-half of a redeemable warrant.
The Offering verify on EDGAR → -
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Net proceeds to the company are $1.2M; $175M (or $201.25M with over-allotment) goes into a trust account for a future business combination.
Use of Proceeds verify on EDGAR → -
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Sponsor paid $25,000 for 5,031,250 founder shares (~$0.005/share), creating significant dilution for public investors.
The Offering verify on EDGAR →
3 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify