Appleby Represents Meridian3 Industrials Acquisition Corp on Its USD201.25 Million SPAC IPO
Appleby is delighted to have acted as Cayman Islands counsel to Meridian3 Industrials Acquisition Corp on its initial public offering of 20,125,000 units (which includes 2,625,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full) at a price of $10.00 per units. The offering resulted in gross proceeds to the Company of $201,250,000. The units began trading under the ticker symbol “MIACU” on The Nasdaq Global Market on July 2, 2026.
The Company is a newly organized special purpose acquisition company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
The Company intends to concentrate on industries that complement its management team’s background by focusing on a target business operating within the broader industrial technology sector, specifically focusing on Industry 4.0, smart manufacturing, next-generation mobility, or related sectors.
The Appleby team was led by Cayman Partner Dean Bennett and Hong Kong Senior Associate Alejandra Gonzalez Saucedo with assistance from Shanghai Associate Mandy Qi and Shanghai Legal Manager Koey Wang. Appleby worked with Clifford Chance LLP’s Frankfurt and New York based teams led by Dr. Axel Wittmann as lead / US counsel.
Appleby continue to maintain a market leading position in offshore legal services for SPAC and equity capital market transactions.
