RMG Acquisition Corp. III (NasdaqCM:RMGC) announces a share repurchase program. Under the program, the company will repurchase all the outstanding shares of Class A ordinary shares that were included in the units sold in its initial public offering.

The shares will be repurchased at a redemption price of approximately $10 per share. The repurchased shares will be deemed cancelled and will represent only the right to receive the redemption amount. The redemption is expected to be completed within ten business days after April 9, 2024.