MSD ACQUISITION CORP. / NEW
Cash in trust
$583.3M
$583,334,936
Trust per share
—
Redemption value
IPO
Mar 2021
$575.0M raised
Combination deadline
—
Not disclosed
Filings on record
49
Latest Apr 10, 2023
Overview
MSD ACQUISITION CORP. / NEW is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0001846996. It completed its initial public offering in Mar 2021, raising $575.0M in gross proceeds. The vehicle is sponsored by MSD through MSD Sponsor Holdings, LLC. The mandate targets energy transition. Deadline lapsed without a deal; trust returned to public shareholders.
“we intend to acquire.”
Reading the filings
Arithmetic on what MSD ACQUISITION CORP. / NEW has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Sponsor record
MSD has launched 2 vehicles. Of the 2 that have resolved, 0 closed a combination and 2 liquidated, a 0% completion rate. A sponsor's record is not a forecast, but it does tell you whether the team has taken a deal across the line before.
Underwriting
Goldman Sachs led the offering. It has been named on 63 SPAC IPOs, book-running 39 of them, and 4.8% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
SEC filing history
Free tier: filings older than 24 hours- 15-12G
Deregistration of securities
Accession 0001213900-23-028580
- 4
Statement of changes in beneficial ownership
Accession 0001213900-23-024623
- 4
Statement of changes in beneficial ownership
Accession 0001213900-23-024622
- 4
Statement of changes in beneficial ownership
Accession 0001213900-23-024624
- 25-NSE
Notification of delisting
Accession 0001354457-23-000225
- 10-K
Annual report
Accession 0001213900-23-024079
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-23-021019
- SC 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-23-001151
- SC 13G/A
SC 13G/A
Accession 0001104659-23-020717
- SC 13G/A
SC 13G/A
Accession 0001193125-23-036543
- SC 13G/A
JHG PLC OWNS <5%
Accession 0001274173-23-000030
- 10-Q
Quarterly report
Accession 0001213900-22-070692
- 10-Q
Quarterly report
Accession 0001213900-22-047451
- 10-Q
Quarterly report
Accession 0001213900-22-025319
- 10-K
Annual report
Accession 0001213900-22-014886
- 3
Initial statement of beneficial ownership
Accession 0001213900-22-012329
- 8-K
Current report
Items 5.02, 9.01 · Accession 0001213900-22-012327
- 8-K
Notice of delisting or failure to satisfy a listing rule
Item 3.01 · Accession 0001213900-22-009169
- 4
Statement of changes in beneficial ownership
Accession 0001062993-22-004611
- 3/A
AMENDED INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Accession 0001062993-22-004610
- SC 13G
Beneficial ownership report (passive)
Accession 0001123292-22-000044
- SC 13G/A
Amended beneficial ownership report (passive)
Accession 0001172661-22-000624
- SC 13G/A
Amended beneficial ownership report (passive)
Accession 0001104659-22-021322
- SC 13G
JANUS HENDERSON GROUP PLC OWNS >5%
Accession 0001274173-22-000066
- 8-K
Current report
Item 5.02 · Accession 0001213900-22-006181
- 8-K
Current report
Item 4.02 · Accession 0001213900-21-066726
- 10-Q/A
AMENDMENT NO. 1 TO FORM 10-Q
Accession 0001213900-21-066721
- SC 13G
Beneficial ownership report (passive)
Accession 0001104659-21-142477
- 10-Q
Quarterly report
Accession 0001213900-21-057009
- 10-Q
Quarterly report
Accession 0001213900-21-041559
MSD ACQUISITION CORP. / NEW: questions answered
What is MSD ACQUISITION CORP. / NEW?
MSD ACQUISITION CORP. / NEW is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0001846996. It completed its initial public offering in Mar 2021, raising $575.0M in gross proceeds. The vehicle is sponsored by MSD through MSD Sponsor Holdings, LLC. The mandate targets energy transition. Deadline lapsed without a deal; trust returned to public shareholders.
How much does MSD ACQUISITION CORP. / NEW hold in trust?
Approximately $583,334,936, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must MSD ACQUISITION CORP. / NEW complete a merger?
No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.
What happens if MSD ACQUISITION CORP. / NEW does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in MSD ACQUISITION CORP. / NEW, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
Is the trust value the same as the share price for MSD ACQUISITION CORP. / NEW?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do MSD ACQUISITION CORP. / NEW's founder shares and warrants create?
Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors MSD ACQUISITION CORP. / NEW, and what is their track record?
MSD Sponsor Holdings, LLC is the sponsor entity, part of the MSD franchise. That franchise has launched 2 vehicles in total, of which 0 closed a combination and 2 liquidated, a 0% completion rate on resolved vehicles. Named principals: Gregg Lemkau, John Phelan.
Which banks underwrote the MSD ACQUISITION CORP. / NEW IPO?
Goldman Sachs, Morgan Stanley. Goldman Sachs and Morgan Stanley were credited as book-running managers on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is MSD ACQUISITION CORP. / NEW a good investment?
That is not a question this site answers. MSD ACQUISITION CORP. / NEW is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this MSD ACQUISITION CORP. / NEW data come from?
Filings MSD ACQUISITION CORP. / NEW submitted to the SEC under CIK 0001846996: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Sep 4, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
Read the full methodology · What is in the dataset · Report a correction
SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.
Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
MSD: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Goldman Sachs in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Energy Transition SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All liquidated spacs
Deadline lapsed without a deal; trust returned to public shareholders.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.