NEW YORK--(BUSINESS WIRE)--Mason Industrial Technology, Inc., a newly incorporated blank check company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced its initial public offering of 45,000,000 units at a price of $10.00 per unit. Each unit consists of one share of the Company’s Class A common stock and one-third of one redeemable warrant. Each whole redeemable warrant entitles the holder thereof to purchase one share of the Company’s Class A common stock at a price of $11.50 per share. The units will be listed on the New York Stock Exchange (the “NYSE”) beginning January 29, 2021 under the ticker symbol “MIT.U.” Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on the NYSE under the symbols “MIT” and “MIT.W,” respectively.

Citigroup Global Markets Inc. and Jefferies LLC are serving as underwriters for the offering. The Company has granted the underwriters a 45-day option to purchase up to 6,750,000 additional units to cover over-allotments, if any.

The Company is sponsored by Mason Industrial Sponsor, LLC, an affiliate of Mason Capital Management LLC, a New York based hedge fund active in public company, private company, event-driven, credit, shareholder activism and distressed investments. The Company was formed for the purpose of executing a business combination in the industrial technology, advanced materials or specialty chemicals industries.