RMG ML Sports Holdings

Where it stands

Searching · next dated event 11 March 2028

Outside date — not a date on which you can claim cash.

Merging with

No target announced — still searching.

Industry

Media/Consumer

What it set out to buy: Media/Consumer

Deal value

not stated in the filings we hold

Price vs cash floor

$9.84 vs $10.00

$0.16 below the last filed cash held for you; 2.5% below cash against our estimated ~$10.10

Cash left in trust

$216.9M

IPO

10 June 2026

$217M raised · 100.0% of each $10 unit into trust

Headquarters

930 TAHOE BLVD, STE 802 PMB 45, INCLINE VILLAGE, NV, 89451

registered in the Cayman Islands

Lead underwriter

Santander US Capital Markets LLC

Key officers

Carpenter David James (Chief Executive Officer) · Warfield Robert Griffith (Director) · Grinberg Paul (Director)

Listed securities

SHOT common · SHOT common $9.86 · SHOTU unit $9.99 · SHOTR right $0.14

1. No dated redemption election is on file for this name. That is an absence in the record, not proof that the right has gone — but it does mean this page cannot tell you a day to act by.
2. Cash held in trust is $10.00 per share as last filed. That is the figure a redemption pays out at, plus whatever interest the trust earns between the filing and the window.
3. The charter runs to a date no filing we hold states; from the IPO date and the charter term we estimate 10 March 2028. Whenever it falls, if no deal closes by then the trust is returned to holders — a floor of a different kind: it pays out, but you do not choose when, and this one you should read out of the prospectus yourself.

1. 10 June 2026IPOpassed

   $217M raised into trust

2. 11 March 2028Outside date0001213900-26-088370

• 10-Q12 August 20260001213900-26-088370

  The Trust Account is valued at $216,892,131, or $10.02 per public share, indicating the initial per-share value. The company's stated deadline to complete a business combination is 21 months from the IPO closing (i.e., March 2028). The filing establishes a $216.5 million trust with a $10.02 per share redemption value. Significant expenses were incurred, including a $6,495,000 advisory fee payable and $6,495,000 in deferred underwriting fees. The sponsor has not funded any working capital loans, and the company had $1,140,947 in cash outside the trust as of June 30, 2026.

• 8-K17 June 20260001213900-26-069701

  The finalized trust balance of $216,500,000 locks in the capital reserve and sets the explicit redemption baseline for public investors, while the underwriters’ partial exercise definitively fixes the public share count and permanently erodes founder equity via the 450,000-share forfeiture, directly impacting post-deal dilution mechanics. The accruals of $6,495,000 in deferred underwriting commissions and a matching $6,495,000 advisory fee create a fixed deduction from trust proceeds that will flow to intermediaries upon a successful business combination. Because management confirms the entity remains strictly in a search phase with zero identified targets and no active negotiations, the filing confirms that public capital sits idle against the 21-month completion horizon, preserving full execution and timeline risk without near-term valuation or merger catalysts.

• SCHEDULE 13G16 June 20260001193125-26-272930

  Because the filing omits all numerical position data and strategic intent disclosures, it offers no actionable signal regarding whether these Sculptor vehicles intend to exercise redemption rights, vote in favor of an extension past the March 2028 termination window, or influence target selection during the SEARCHING phase. For investors monitoring capital allocation, governance alignment, and dilution exposure, the absence of reported figures and mechanical commentary neutralizes immediate pricing or timeline implications; tracking should pivot to subsequent amendment schedules or definitive proxy materials where these reporting persons typically quantify block sizes and outline voting parameters.

• 8-K15 June 20260001213900-26-068901

  The filing definitively establishes the post-over-allotment trust value at $216,500,000, setting the exact cash base that will dictate per-share redemption floors and financing capacity for any subsequent de-SPAC transaction. Finalizing the public equity count at 21,650,000 units closes the capital-raising window, fixing the denominator for all pending dilution analysis, right conversions, and sponsor promote allocations ahead of a business combination vote. By formally recording the trust deposit and announcing the over-allotment closure, the company completes its transition from the liquidity-build phase to the active acquisition-search phase, leaving the existing March 10, 2028 termination deadline intact and confirming that no amendment, extension vote, or trust re-seeding is triggered by this filing.

• 424B411 June 20260001213900-26-067558

  Defines the structural economics and conflict landscape preceding any target announcement. The prospectus discloses that Chief Executive Officer James Carpenter, President/CFO Douglas Horlick, Non-Executive Chairman Paul Grinberg, and Board Advisor Jaime W. Vieser occupy director or officer positions across ten prior SPACs (RMG I, II, III, IV, V, VI, VII; Social Leverage Acquisition Corp I; Mountain Lake Acquisition Corp; Mountain Lake Acquisition Corp II), creating material fiduciary conflicts where viable merger opportunities must first be presented to those affiliated entities.

• 8-K11 June 20260001213900-26-067856

  This filing marks the creation of a new SPAC with a trust of approximately $189.1 million, targeting the global sports industry. The IPO was led by Santander. The Sponsor acquired 210,000 private placement units for $2.1 million. The 21-month deadline for a business combination is March 2028. The board is now composed of James Carpenter, Douglas Horlick, Paul Grinberg, Keith Wyness, and Robert Warfield, with Grinberg, Wyness, and Warfield being independent directors. The Company has not yet selected a target. The press release indicates a focus on sports, entertainment, eSports, gaming, music publishing, and stadium/venue real estate.

• 10-Q12 August 20260001213900-26-088370

  What changed: Quarterly report on Form 10-Q for the quarter ended June 30, 2026, filed with the SEC by RMG ML Sports Holdings, a blank check company. This is their first quarterly report since completing an initial public offering. This is the company's first 10-Q reporting its IPO which closed on June 11, 2026. The IPO involved selling 20,000,000 units at $10.00 each, plus a partial exercise of the underwriter's over-allotment option for 1,650,000 additional units, and a private placement of 210,000 units to the sponsor. Total gross proceeds of $216,500,000 were placed in the Trust Account. The company's Trust Account held $216,892,131 as of June 30, 2026, with a redemption value of $10.02 per share. There is no business combination target identified. Why it matters: The Trust Account is valued at $216,892,131, or $10.02 per public share, indicating the initial per-share value. The company's stated deadline to complete a business combination is 21 months from the IPO closing (i.e., March 2028). The filing establishes a $216.5 million trust with a $10.02 per share redemption value. Significant expenses were incurred, including a $6,495,000 advisory fee payable and $6,495,000 in deferred underwriting fees. The sponsor has not funded any working capital loans, and the company had $1,140,947 in cash outside the trust as of June 30, 2026.

• SCHEDULE 13G12 August 20260000919574-26-004980

  What changed: A Joint Filing Agreement attached to an SEC Schedule 13G beneficial ownership report. The filing formalizes a joint reporting arrangement under Rule 13d-1(k) among Adage Capital Management, L.P., Robert Atchinson, and Phillip Gross for their Schedule 13G submission. It contains no language affecting the redemption deadline (2028-03-10), trust share value ($10), extension provisions, merger deal progress, or sponsor conduct. No amendments to shareholder redemption mechanics, trust distribution procedures, or SPAC timeline triggers are disclosed. Why it matters: This document serves as a standard regulatory compliance exhibit confirming shared filing responsibility without altering SHOT’s corporate structure or redemption framework. It attributes no claims, forecasts, or operational updates to SHOT’s management, the sponsor group, or external advisors; all statements originate exclusively from the filers’ representatives acknowledging mutual responsibility for timely submissions and independent liability for individual information accuracy. The excerpt discloses no share quantities, transaction values, target search status, customer engagements, revenue metrics, technology roadmaps, strategic partnerships, litigation exposure, or personnel shifts. Investors tracking the SPAC’s lifecycle calendar or capital preservation will find no mechanism adjustments in this filing, though subsequent Schedule 13G/GS/A amendments may reveal changes in beneficial ownership concentration once full position disclosures are released.

• 8-K13 July 20260001213900-26-077565

  What changed: Form 8-K Current Report with attached Exhibit 99.1 Press Release announcing the separate trading of ordinary shares and rights. According to the press release filed as Exhibit 99.1, RMG ML Sports Holdings announced that holders of units from its IPO completed on June 11, 2026 may elect to separately trade Class A ordinary shares (symbol SHOT) and one-eighth (1/8) acquisition rights (symbol SHOTR) commencing on or about July 17, 2026. Unseparated units will continue trading under symbol SHOTU. The document notes the registration statement was declared effective on June 9, 2026, and instructs holders to have brokers contact Continental Stock Transfer & Trust Company to effect the separation. The press release outlines the company’s stated strategy to target opportunities in the global sports industry, entertainment, eSports, gaming, music publishing, and real estate development focused on stadiums and venues. No adjustments to the redemption calendar, trust account status, extension mechanics, or sponsor governance terms were disclosed. Why it matters: This is a routine administrative filing confirming the transition from bundled units to separable equity and fractional acquisition rights following the completion of the initial public offering. It does not alter the March 10, 2028 deadline for completing a business combination or triggering liquidation, nor does it introduce new redemption triggers, changes to trust mechanics, or modifications to sponsor conduct. Investors now have independent trading vehicles for the underlying shares and rights, but the search-phase obligations and capital structure remain identical to the prospectus terms until a merger target is identified.

• 8-K17 June 20260001213900-26-069701

  What changed: A Current Report on Form 8-K disclosing the consummation of an initial public offering, the completion of a sponsor private placement, the partial exercise of an over-allotment option, trust account funding adjustments, and attached audited and unaudited pro forma financial statements. Per the registrant’s Item 8.01 and Note 1, management consummated an initial public offering on June 11, 2026, selling 20,000,000 units at $10.00 per unit for $200,000,000 in gross proceeds. Simultaneously, the sponsor purchased 210,000 private placement units at $10.00 per unit for $2,100,000. Management deposited $200,000,000 into a U.S.-based trust account administered by Continental Stock Transfer & Trust Company. Note 10 and Exhibit 99.2 disclose that on June 15, 2026, underwriters partially exercised their over-allotment option for 1,650,000 units, directing an additional $16,500,000 into the trust account and raising the total trust balance to $216,500,000. On June 16, 2026, underwriters declined the remaining option, causing the sponsor to forfeit 450,000 Class B ordinary shares; management confirmed the sponsor retains 7,666,667 founder shares. The registrant recorded increased contingent obligations of $6,495,000 in deferred underwriting discounts and a $6,495,000 advisory fee payable. Management explicitly stated that, as of June 11, 2026, no specific business combination target had been selected and no substantive discussions had been initiated. The company’s designated Completion Window spans 21 months from the IPO closing. Each unit contains one Class A ordinary share and one right convertible to one-eighth of a Class A ordinary share upon a business combination. Shareholders hold a redemption right exercisable at a per-share price calculated as the trust account’s aggregate deposit divided by then-issued public shares, adjusted for taxes payable and up to $100,000 of interest for liquidation costs if the company fails to close a deal. Why it matters: The finalized trust balance of $216,500,000 locks in the capital reserve and sets the explicit redemption baseline for public investors, while the underwriters’ partial exercise definitively fixes the public share count and permanently erodes founder equity via the 450,000-share forfeiture, directly impacting post-deal dilution mechanics. The accruals of $6,495,000 in deferred underwriting commissions and a matching $6,495,000 advisory fee create a fixed deduction from trust proceeds that will flow to intermediaries upon a successful business combination. Because management confirms the entity remains strictly in a search phase with zero identified targets and no active negotiations, the filing confirms that public capital sits idle against the 21-month completion horizon, preserving full execution and timeline risk without near-term valuation or merger catalysts.

• SCHEDULE 13G16 June 20260001193125-26-272930

  What changed: Routine compliance exhibit: a Schedule 13G beneficial ownership report that enumerates five Sculptor Capital-affiliated entities as reporting holders. According to the filing text, the document solely lists Sculptor Capital LP, Sculptor Capital II LP, Sculptor Capital Holding Corp, Sculptor Capital Holding II LLC, Sculptor Capital Management, Inc., and Sculptor Master Fund, Ltd. without attaching share quantities, acquisition dates, percentage of issuance, or stated investment purposes. Per the explicit language in the submission, it contains zero references to SHOT’s redemption calendar, per-share trust balance, extension voting procedures, business combination trajectory, or sponsor behavior. Why it matters: Because the filing omits all numerical position data and strategic intent disclosures, it offers no actionable signal regarding whether these Sculptor vehicles intend to exercise redemption rights, vote in favor of an extension past the March 2028 termination window, or influence target selection during the SEARCHING phase. For investors monitoring capital allocation, governance alignment, and dilution exposure, the absence of reported figures and mechanical commentary neutralizes immediate pricing or timeline implications; tracking should pivot to subsequent amendment schedules or definitive proxy materials where these reporting persons typically quantify block sizes and outline voting parameters.

At-risk capital: $2.1M — 210,000 private placement units, bought at the IPO and worthless if the company liquidates. This is what the sponsor itself loses if no deal closes. per the prospectus (424B4 0001213900-26-067558)