Incline Village, NV, June  15, 2026  (GLOBE NEWSWIRE) --  RMG ML Sports Holdings (the &#34;Company&#34;), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company and led by Chief

SHOT

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

RMG ML Sports Holdings boosts IPO proceeds after partial over-allotment exercise

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Incline Village, NV, June  15, 2026  (GLOBE NEWSWIRE) --  RMG ML Sports Holdings (the &amp;#34;Company&amp;#34;), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company and led by Chief</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>RMG ML Sports Holdings raised more IPO proceeds after an underwriters&#039; partial exercise of the over-allotment, adding 1.65 million units and $16.5 million to total gross proceeds of $216.5 million. The SPAC units began trading as SHOTU on June 10, 2026, with SHOT and SHOTR expected to trade separately after the split, signaling near-term liquidity and deal-search momentum.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Underwriters partially exercised over-allotment for 1,650,000 SHOTU units at $10.</li><li>Total units now 21,650,000; gross proceeds rise to $216,500,000.</li><li>SHOTU began trading on Nasdaq June 10, 2026; SHOT and SHOTR to trade separately later.</li><li>Registration effective June 9, 2026; prospectus available from Santander US Capital Markets.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>RMG ML Sports Holdings (SHOTU/SHOT/SHOTR)</strong>: SPAC aiming to target global sports/entertainment sectors; proceeds increased to $216.5M.</li><li><strong>Banco Santander, S.A. (SAN)</strong>: Sole book-running manager; provides underwriting credibility and distribution capabilities.</li><li><strong>Riverside Management Group (N/A)</strong>: Affiliated management group; leveraged for deal-sourcing and governance in the SPAC.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. This is a SPAC IPO financing update with share-ticker transitions, signaling near-term liquidity and potential deal activity.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Over-allotment adds $16.5M gross proceeds, expanding SPAC funding for a targeted search.</li><li>Total proceeds rise to $216.5M, supporting larger or faster business combination options.</li><li>SHOTU began trading on Nasdaq on June 10, 2026; SHOT and SHOTR to trade separately after the split.</li><li>Santander US Capital Markets LLC acts as sole book-running manager, underpinning credibility.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Underwriters purchased 1,650,000 additional units.</li><li>Total offering size: 21,650,000 units.</li><li>Total gross proceeds: $216,500,000.</li><li>IPO price per unit: $10.00.</li><li>Units began trading June 10, 2026; ticker SHOTU.</li><li>Right to receive 1/8 of a Class A share per unit.</li><li>Separate trading for SHOT and SHOTR expected after the unit split.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>The partial over-allotment raises cash to $216.5M, boosting near-term flexibility for a potential sports deal.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">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.</p>  <p align="justify">Santander is acting as sole book-running manager.</p>  <p align="justify">A registration statement relating to the securities sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on June 9, 2026. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained from Santander US Capital Markets LLC, 437 Madison Avenue, New York, NY 10022, Attention: ECM Syndicate, by email at <a href="mailto:equity-syndicate@santander.us">equity-syndicate@santander.us</a>, by telephone at 833-818-1602, or by accessing the SEC's website at <a href="https://www.globenewswire.com/Tracker?data=vyErrigV1p_SJRy0BTkGJlt8HPCCZEP1DSzu2Y-I963K6-9UP2bBTVeediDwbskE1Ws8nyG9VNPXsD0wCUg6qg==" rel="nofollow" target="_blank">www.sec.gov</a>.</p>  <p>This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>  <p><b>About RMG ML Sports Holdings</b></p>  <p align="justify">RMG ML Sports Holdings is a public acquisition vehicle and intends to target opportunities in the global sports industry and adjacent sectors including, but not limited to, entertainment, eSports, gaming, music publishing and real estate development (focused on stadiums and venues). RMG ML Sports Holdings intends to capitalize on the investment and operational experience of its management team, as well as its affiliation with Riverside Management Group.</p>  <p><b>Forward-Looking Statements</b></p>  <p align="justify">This press release contains statements that constitute "forward-looking statements," including with respect to the Company's initial public offering ("IPO") and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC's website, <a href="https://www.globenewswire.com/Tracker?data=vyErrigV1p_SJRy0BTkGJkTIfWsHlZDP__KI33wCDEu35QY4SFHDyzVmGJnq4wm_eZvh92BmpzRia3Lv7U-gNw==" rel="nofollow" target="_blank">www.sec.gov</a>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.</p>  <p><b>Contacts:</b></p>  <p>Douglas Horlick<br></br>930 Tahoe Blvd STE 802 PMB 45<br></br>Incline Village, NV 89451<br></br>Telephone: (775) 204-1489 </p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc0NzMxNCM3NjYyODEwIzUwMDE2Mzc2MQ=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YmEyMDg3MDYtYzk0OC00OTNlLThmYzYtY2FiOTY3NDRjZjY1LTUwMDE2Mzc2MS0yMDI2LTA2LTE1LWVu/tiny/RMG-ML-Sports-Holdings.png" referrerpolicy="no-referrer-when-downgrade"></img>

RMG ML Sports Holdings raised more IPO proceeds after an underwriters' partial exercise of the over-allotment, adding 1.65 million units and $16.5 million to total gross proceeds of $216.5 million. The SPAC units began trading as SHOTU on June 10, 2026, with SHOT and SHOTR expected to trade separately after the split, signaling near-term liquidity and deal-search momentum.

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

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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