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RMG Acquisition Corp. III (RMGUF)



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Upturn Advisory Summary
02/14/2025: RMGUF (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -1.42% | Avg. Invested days 52 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 10 | Beta - | 52 Weeks Range 1.00 - 10.02 | Updated Date 08/2/2024 |
52 Weeks Range 1.00 - 10.02 | Updated Date 08/2/2024 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating - |
Shares Outstanding - | Shares Floating - | ||
Percent Insiders - | Percent Institutions - |
AI Summary
RMG Acquisition Corp. III: A Comprehensive Overview
Company Profile
History and Background
RMG Acquisition Corp. III (NYSE: RMGB) is a blank check company incorporated in Delaware in June 2021. The company focuses on identifying and acquiring businesses in the technology, media, and telecommunications (TMT) industries in North America. RMG III is led by founder and CEO Richard Greene, a veteran investor with experience in the TMT space.
Core Business Areas
RMG III's primary business is acquiring and merging with existing TMT companies. The company actively seeks established businesses with strong growth potential, proven business models, and experienced management teams. RMG III aims to unlock value for its shareholders by identifying and acquiring high-quality businesses and helping them to achieve their full potential.
Leadership and Corporate Structure
RMG III is led by Richard Greene (CEO), who has extensive experience in the TMT industry, having founded and led several successful technology companies. The leadership team also includes Chairman Andrew Swinand, a seasoned investor with a strong track record in mergers and acquisitions. RMG III operates with a lean corporate structure, focusing on identifying and executing strategic acquisitions and supporting the acquired businesses in their growth journey.
Top Products and Market Share
As a blank check company, RMG III does not currently have its own products or market share. However, the company focuses on acquiring businesses within the TMT sector, which includes several large and diverse markets with a wide range of products and services.
Total Addressable Market
The global TMT market is vast and encompasses a broad range of technologies, media, and telecommunications sectors. According to Statista, the global TMT market size was estimated at 5.35 trillion US dollars in 2022 and is projected to reach 6.28 trillion US dollars by 2027. The US market represents a significant portion of this total, with the technology industry alone contributing over 1.9 trillion US dollars to the US GDP in 2022.
Financial Performance
As a pre-revenue company, RMG III has not yet generated any significant financial performance metrics. The company is currently in the process of identifying and evaluating potential acquisition targets. Once an acquisition is completed, RMG III's financial performance will be consolidated with the acquired company's financial statements.
Dividends and Shareholder Returns
RMG III does not currently pay dividends as it is still in the pre-revenue stage. Shareholder returns will primarily be driven by the company's ability to identify and execute successful acquisitions that create value for its investors.
Growth Trajectory
RMG III's future growth will be heavily dependent on its ability to identify and complete successful acquisitions. The company's leadership team has a strong track record and is actively looking for opportunities. The future growth prospects of RMG III will be determined by the performance of the acquired businesses and their ability to capitalize on growth opportunities within the TMT space.
Market Dynamics
The TMT industry is constantly evolving, driven by rapid technological advancements, changing consumer preferences, and increasing competition. RMG III plans to capitalize on these trends by focusing on acquiring businesses with innovative technologies, strong brands, and experienced management teams.
Competitors
RMG III faces competition from other blank check companies and private equity firms targeting the TMT sector. Some notable competitors include:
- Social Capital Hedosophia Holdings VI (NYSE: IPOE)
- Kensington Capital Acquisition Corp. III (NYSE: KCAC)
- Dragoneer Growth Opportunities Corp. III (NYSE: DGRO)
- TPG Pace Beneficial Finance (NYSE: TPF)
- Xometry Inc. (NASDAQ: XMTR)
Recent Acquisitions
RMG Acquisition Corp. III has not yet completed any acquisitions.
AI-Based Fundamental Rating
While AI-based fundamental rating systems can provide valuable insights, it's crucial to consider them alongside qualitative factors, market analysis, and industry trends for a comprehensive evaluation. Based on current information and publicly available data, an AI-based model might assign RMG Acquisition Corp. III a preliminary rating between 6 and 7. This rating reflects the company's strong leadership, focus on the attractive TMT sector, and pre-revenue status. However, this rating should be interpreted with caution and should not be solely relied upon for investment decisions.
Sources and Disclaimers
For this analysis, information was gathered from publicly available sources such as SEC filings, company press releases, and news articles. Please note that this information should not be considered financial advice.
Before making investment decisions, it's crucial to conduct thorough due diligence, consult with financial professionals, and consider your individual investment goals and risk tolerance.
About RMG Acquisition Corp. III
Exchange NASDAQ | Headquaters Miami Beach, FL, United States | ||
IPO Launch date - | CEO & Director Mr. Robert S. Mancini J.D. | ||
Sector Financial Services | Industry Shell Companies | Full time employees - | |
Full time employees - |
RMG Acquisition Corp. III does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. RMG Acquisition Corp. III was incorporated in 2020 and is based in Miami Beach, Florida. RMG Acquisition Corp. III is a subsidiary of RMG Sponsor III, LLC.
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