Meridian3 Industrials Acquisition (MIAC)
Market Price (9/21/2026): $9.82 | Market Cap: $-Sector: Financials | Industry: Multi-Sector Holdings
Meridian3 Industrials Acquisition (MIAC)
Market Price (9/21/2026): $9.82Market Cap: $-Sector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 1.4% | Trading close to highsDist 52W High is -0.2%, Dist 3Y High is -0.2% Weak multi-year price returns2Y Excs Rtn is -36%, 3Y Excs Rtn is -71% | Key risksMIAC key risks include [1] its failure to select a business combination target and [2] the dominant risk of failing to complete a deal within its mandated timeframe, Show more. |
| Low stock price volatilityVol 12M is 1.4% |
| Trading close to highsDist 52W High is -0.2%, Dist 3Y High is -0.2% |
| Weak multi-year price returns2Y Excs Rtn is -36%, 3Y Excs Rtn is -71% |
| Key risksMIAC key risks include [1] its failure to select a business combination target and [2] the dominant risk of failing to complete a deal within its mandated timeframe, Show more. |
Qualitative Assessment
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Meridian3 Industrials Acquisition (MIAC) stock has remained largely at the same level since it went public on 8/25/2026 because of the following key factors:
1. Absence of a Definitive Business Combination Target.
Meridian3 Industrials Acquisition Corp. (MIAC) is a Special Purpose Acquisition Company (SPAC) formed for the sole purpose of merging with or acquiring an operating business. As of September 1, 2026, the company had not announced a definitive business combination target, which is typical for SPACs in their early stages. Without a specific target, the stock's valuation largely remains anchored to the cash held in its trust account.
2. Trust Account Provides a Price Floor.
The IPO proceeds of SPACs are held in an interest-bearing trust account. This structure effectively provides a redemption value, typically around the initial offering price of $10.00 per share, which acts as a floor for the common stock. MIAC's stock has traded predominantly within a narrow range, fluctuating between approximately $9.72 and $10.00 since it began trading separately. This reflects the inherent mechanism of a SPAC where shareholders can redeem their shares for a pro rata portion of the trust account if no acquisition is completed within a specified timeframe (typically 18-24 months).
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Meridian3 Industrials Acquisition (MIAC) stock has remained largely at the same level since it went public on 8/25/2026 because of the following key factors:
1. Absence of a Definitive Business Combination Target.
Meridian3 Industrials Acquisition Corp. (MIAC) is a Special Purpose Acquisition Company (SPAC) formed for the sole purpose of merging with or acquiring an operating business. As of September 1, 2026, the company had not announced a definitive business combination target, which is typical for SPACs in their early stages. Without a specific target, the stock's valuation largely remains anchored to the cash held in its trust account.
2. Trust Account Provides a Price Floor.
The IPO proceeds of SPACs are held in an interest-bearing trust account. This structure effectively provides a redemption value, typically around the initial offering price of $10.00 per share, which acts as a floor for the common stock. MIAC's stock has traded predominantly within a narrow range, fluctuating between approximately $9.72 and $10.00 since it began trading separately. This reflects the inherent mechanism of a SPAC where shareholders can redeem their shares for a pro rata portion of the trust account if no acquisition is completed within a specified timeframe (typically 18-24 months).
3. Recent Separation of Shares and Warrants.
Meridian3 Industrials Acquisition Corp.'s Class A ordinary shares (MIAC) and warrants (MIACW) commenced separate trading on the Nasdaq Global Market on August 24, 2026. This means the common stock had only been trading independently for a very short period within the specified timeframe (August 25 - September 1, 2026). The initial period following the separate trading of SPAC shares is commonly characterized by stability near the IPO price as the market awaits material news regarding a potential acquisition.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
5/31/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| MIAC | ||
| Market (SPY) | 0.9% | -47.8% |
| Sector (XLF) | 8.3% | -5.7% |
Fundamental Drivers
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Market Drivers
2/28/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| MIAC | ||
| Market (SPY) | 11.6% | -47.8% |
| Sector (XLF) | 9.2% | -5.7% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 9/20/2026| Return | Correlation | |
|---|---|---|
| MIAC | ||
| Market (SPY) | 19.4% | -47.8% |
| Sector (XLF) | 4.7% | -5.7% |
Fundamental Drivers
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Market Drivers
8/31/2023 to 9/20/2026| Return | Correlation | |
|---|---|---|
| MIAC | ||
| Market (SPY) | 75.6% | -47.8% |
| Sector (XLF) | 69.8% | -5.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MIAC Return | - | - | - | - | - | -0% | -0% |
| Peers Return | 488% | -91% | 12929% | 60% | -89% | 48% | 1767% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| MIAC Win Rate | - | - | - | - | - | 0% | |
| Peers Win Rate | 50% | 17% | 67% | 33% | 25% | 31% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| MIAC Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -92% | -93% | -100% | -94% | -90% | -97% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BCCQ, DFNS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)
How Low Can It Go
MIAC has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
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MIAC has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Meridian3 Industrials Acquisition (MIAC)
Meridian3 Industrials Acquisition (MIAC) is a Special Purpose Acquisition Company (SPAC), often referred to as a "blank check" company. Its fundamental business is to raise capital from investors with the express intent of acquiring an existing private operating company. Once a suitable target is identified and the acquisition is completed, the acquired company effectively becomes a public entity. MIAC currently has no operations, products, or services of its own and has not yet identified a specific company to acquire.
MIAC intends to focus its acquisition efforts on businesses within the broader industrial technology sector. Specifically, it seeks opportunities related to "Industry 4.0," which encompasses the integration of advanced digital technologies with physical industrial systems. This includes companies specializing in areas such as artificial intelligence (AI), the industrial internet of things (IIoT), digital twin simulation technologies, and advanced robotics.
The company believes that the ongoing transformation of the global industrial economy, driven by these technological advancements, represents a significant growth and value creation opportunity. By targeting innovative companies within smart manufacturing and next-generation mobility, MIAC aims to provide public market investors with a vehicle to participate in the expansion of these critical industrial technology sectors.
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- Initial Business Combination: The company's primary purpose is to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more private businesses or entities, particularly in the broader industrial technology sector, thereby bringing them public.
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Meridian3 Industrials Acquisition (MIAC) is a Special Purpose Acquisition Company (SPAC) that has not yet completed its initial business combination. As described in the background, MIAC was formed for the purpose of effecting a merger, share exchange, asset acquisition, or similar business combination with one or more businesses or entities. At this stage, MIAC has not selected any specific business combination target and has not initiated any substantive discussions with potential targets.
Therefore, Meridian3 Industrials Acquisition (MIAC) currently has no operational business, sells no products or services, and consequently, has no customers.
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Share Issuance
- Meridian3 Industrials Acquisition Corp priced its initial public offering (IPO) of 17,500,000 units at $10.00 per unit, initially raising $175 million.
- The IPO closed on July 6, 2026, with the underwriters fully exercising their over-allotment option, leading to the issuance of 20,125,000 units and gross proceeds of $201,250,000.
- Each unit comprises one Class A ordinary share and one-half of one redeemable warrant.
Peer Outperformance in Multi-Sector Holdings
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 24.2% | 70.6% | 133.7% | SPNT 170% · RGA 154% · RNR 140% |
| Investment Banking & Brokerage | 13 | -1.7% | 105.1% | 116.5% | IBKR 527% · SNEX 257% · HOOD 183% |
| Diversified Banks | 12 | 27.5% | 129.8% | 116.3% | CM 161% · JPM 159% · RY 149% |
| Life & Health Insurance | 20 | 8.6% | 57.6% | 105.8% | JXN 534% · UNM 373% · FG 207% |
| Multi-Sector Holdings ← | 4 | 6.8% | 50.2% | 87.3% | JONE 361% · VOYA 88% · BRK-B 87% |
| Property & Casualty Insurance | 42 | 9.6% | 67.5% | 67.8% | ASIC 2760900% · HRTG 445% · UVE 331% |
| Regional Banks | 265 | 23.9% | 91.7% | 67.1% | ESQ 391% · GCBC 340% · VBNK 335% |
| Multi-line Insurance | 9 | 8.8% | 71.2% | 64.1% | GNW 201% · L 112% · SLF 104% |
| Financial Exchanges & Data | 15 | -0.1% | 17.4% | 32.7% | VIRT 184% · CBOE 135% · CME 83% |
| Diversified Financial Services | 4 | -7.3% | 22.1% | 32.6% | FRHC 168% · EQH 119% · TMS -54% |
| Consumer Finance | 30 | 1.7% | 89.6% | 26.9% | ENVA 447% · EZPW 319% · FCFS 168% |
| Insurance Brokers | 16 | -15.1% | -6.3% | 20.3% | LIFE 200% · ARX 87% · AJG 70% |
| Commercial & Residential Mortgage Finance | 14 | -50.2% | 32.8% | 13.9% | FNMA 454% · FMCC 436% · ACT 204% |
| Asset Management & Custody Banks | 84 | -11.7% | 17.6% | 12.0% | WT 348% · SII 279% · VCTR 274% |
| Specialized Finance | 3 | 14.0% | 42.2% | -2.8% | EFC 27% · CACC -3% · HASI -16% |
| Mortgage REITs | 33 | -13.0% | 7.4% | -16.5% | NREF 53% · RITM 42% · DX 34% |
| Transaction & Payment Processing Services | 15 | -1.0% | -5.9% | -42.9% | V 74% · MA 73% · CPAY 58% |
| Diversified Capital Markets | 20 | -36.3% | 20.7% | -48.1% | OPY 196% · LPLA 136% · GOLD 90% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 8.74 |
| Mkt Cap | 0.0 |
| Rev LTM | 8 |
| Op Inc LTM | -33 |
| FCF LTM | -13 |
| FCF 3Y Avg | -6 |
| CFO LTM | -13 |
| CFO 3Y Avg | -6 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 239.0% |
| Rev Chg 3Y Avg | 25.0% |
| Rev Chg Q | - |
| QoQ Delta Rev Chg LTM | 109.4% |
| Op Inc Chg LTM | -712.4% |
| Op Inc Chg 3Y Avg | -239.7% |
| Op Mgn LTM | -430.0% |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | 406.6% |
| CFO/Rev LTM | -173.8% |
| CFO/Rev 3Y Avg | - |
| FCF/Rev LTM | -176.4% |
| FCF/Rev 3Y Avg | - |
FDA Approved Drugs Data
Expand for More| Post-Approval Fwd Returns | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FDA App # | Brand Name | Generic Name | Dosage Form | FDA Approval | 3M Rtn | 6M Rtn | 1Y Rtn | 2Y Rtn | Total Rtn |
| NDA022377 | ALSUMA (AUTOINJECTOR) | sumatriptan succinate | injectable | 6292010 | |||||
| Post-Approval Fwd Returns | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FDA App # | Brand Name | Generic Name | Dosage Form | FDA Approval | 3M Rtn | 6M Rtn | 1Y Rtn | 2Y Rtn | Total Rtn |
| NDA022377 | ALSUMA (AUTOINJECTOR) | sumatriptan succinate | injectable | 6292010 | |||||
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.05 | -0.07 | -0.01 | 0.04 | -0.03 | 0.01 |
| Up Beta | -0.13 | 0.14 | 0.13 | -0.12 | -0.15 | 0.10 |
| Down Beta | � | � | � | � | � | � |
| Up Capture | -2% | -1% | -0% | -0% | -0% | -0% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 0 | 0 | 0 | 0 | 0 | 0 |
| Down Capture | -0% | -0% | -0% | -0% | -0% | -0% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 1 | 1 | 1 | 1 | 1 | 1 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MIAC | |
|---|---|---|---|---|
| MIAC | -0.0% | 1.4% | -3.37 | - |
| Sector ETF (XLF) | 4.5% | 14.6% | 0.08 | -11.4% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | -67.9% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | -53.0% |
| Commodities (DBC) | 46.3% | 20.6% | 1.73 | 21.2% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | -18.4% |
| Bitcoin (BTCUSD) | -30.6% | 44.3% | -0.70 | 13.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MIAC | |
|---|---|---|---|---|
| MIAC | -0.0% | 1.4% | -3.37 | - |
| Sector ETF (XLF) | 10.1% | 18.4% | 0.41 | -11.4% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | -67.9% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | -53.0% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | 21.2% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | -18.4% |
| Bitcoin (BTCUSD) | 12.5% | 52.5% | 0.42 | 13.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MIAC | |
|---|---|---|---|---|
| MIAC | -0.0% | 1.4% | -3.37 | - |
| Sector ETF (XLF) | 12.9% | 22.1% | 0.53 | -11.4% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | -67.9% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | -53.0% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 21.2% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | -18.4% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 13.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-Sector Holdings Resources |
| McKinsey & Company Insights |
| Harvard Business Review |
| ValueWalk |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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