Meridian3 Industrials Acquisition (MIAC)


Market Price (11/5/2026): $9.83 | Market Cap: $247.3 MilSector: Financials | Industry: Multi-Sector Holdings

Meridian3 Industrials Acquisition (MIAC)


Market Price (11/5/2026): $9.83
Market Cap: $247.3 Mil
Sector: Financials
Industry: Multi-Sector Holdings

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Low stock price volatility
Vol 12M is 1.5%

Trading close to highs
Dist 52W High is -0.1%, Dist 3Y High is -0.1%

Weak multi-year price returns
2Y Excs Rtn is -30%, 3Y Excs Rtn is -82%

Key risks
MIAC 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.

0 Low stock price volatility
Vol 12M is 1.5%
1 Trading close to highs
Dist 52W High is -0.1%, Dist 3Y High is -0.1%
2 Weak multi-year price returns
2Y Excs Rtn is -30%, 3Y Excs Rtn is -82%
3 Key risks
MIAC 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.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/1/2026

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. Nature as a Special Purpose Acquisition Company (SPAC) and Trust Value: Meridian3 Industrials Acquisition Corp (MIAC) is a blank check company formed solely for the purpose of completing a business combination. The company's units were priced at $10.00 per unit in its Initial Public Offering (IPO) which closed on July 6, 2026, with separate trading of Class A ordinary shares (MIAC) commencing on August 24, 2026. As is typical for pre-deal SPACs, the proceeds from the IPO are held in a trust account, which generally anchors the stock price near this initial $10.00 valuation.

2. Absence of a Definitive Business Combination: A primary reason for MIAC's stable stock movement since its shares began trading separately in late fiscal Q3 2026 is the lack of a publicly announced and definitive target for a merger or acquisition. MIAC intends to focus on the broader industrial technology sector, specifically Industry 4.0, smart manufacturing, and next-generation mobility. Without a specific operating business or a proposed transaction to evaluate, investor sentiment and stock performance are primarily tied to the trust value rather than speculative growth.

Show more
Updated on 11/1/2026

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. Nature as a Special Purpose Acquisition Company (SPAC) and Trust Value: Meridian3 Industrials Acquisition Corp (MIAC) is a blank check company formed solely for the purpose of completing a business combination. The company's units were priced at $10.00 per unit in its Initial Public Offering (IPO) which closed on July 6, 2026, with separate trading of Class A ordinary shares (MIAC) commencing on August 24, 2026. As is typical for pre-deal SPACs, the proceeds from the IPO are held in a trust account, which generally anchors the stock price near this initial $10.00 valuation.

2. Absence of a Definitive Business Combination: A primary reason for MIAC's stable stock movement since its shares began trading separately in late fiscal Q3 2026 is the lack of a publicly announced and definitive target for a merger or acquisition. MIAC intends to focus on the broader industrial technology sector, specifically Industry 4.0, smart manufacturing, and next-generation mobility. Without a specific operating business or a proposed transaction to evaluate, investor sentiment and stock performance are primarily tied to the trust value rather than speculative growth.

3. Shareholder Redemption Rights Providing Price Floor: Shareholders of MIAC possess the right to redeem their Class A ordinary shares for a pro-rata portion of the funds held in the trust account, typically approximating the $10.00 IPO price. This redemption feature acts as a significant price floor, limiting downside risk and contributing to the stock's narrow trading range. For instance, the stock's all-time low was $9.72 on August 26, 2026, while its all-time high was $9.95 on August 23, 2026, demonstrating this inherent stability.

4. Low Volatility and Micro-Cap Characteristics: MIAC has exhibited low market volatility, with a reported beta coefficient of -0.14. The company's market capitalization is approximately $247 million, classifying it as a micro-capitalization stock. These characteristics are common for pre-deal SPACs, where trading activity is often confined to a tight range due to the lack of an operating business, investor focus on the trust value, and limited speculative interest until a business combination is identified.

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Stock Movement Drivers

Fundamental Drivers

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Market Drivers

7/31/2026 to 11/4/2026
ReturnCorrelation
MIAC  
Market (SPY)2.6%-14.1%
Sector (XLF)4.0%35.3%

Fundamental Drivers

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Market Drivers

4/30/2026 to 11/4/2026
ReturnCorrelation
MIAC  
Market (SPY)7.0%-14.1%
Sector (XLF)14.0%35.3%

Fundamental Drivers

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Market Drivers

10/31/2025 to 11/4/2026
ReturnCorrelation
MIAC  
Market (SPY)13.4%-14.1%
Sector (XLF)14.4%35.3%

Fundamental Drivers

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Market Drivers

10/31/2023 to 11/4/2026
ReturnCorrelation
MIAC  
Market (SPY)89.7%-14.1%
Sector (XLF)91.0%35.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MIAC Return------0%-0%
Peers Return488%-91%12929%60%-89%-10%1035%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
MIAC Win Rate-----25% 
Peers Win Rate50%17%67%33%25%45% 
S&P 500 Win Rate75%42%67%75%67%36% 

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: NSAI, XTER, 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 11/4/2026 (YTD)

How Low Can It Go

MIAC has limited trading history. Below is the Financials sector ETF (XLF) in its place.

EventXLFS&P 500
2025 US Tariff Shock
  % Loss-15.5%-18.8%
  % Gain to Breakeven18.4%23.1%
  Time to Breakeven80 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-10.7%-9.5%
  % Gain to Breakeven12.0%10.5%
  Time to Breakeven26 days24 days
2023 SVB Regional Banking Crisis
  % Loss-16.1%-6.7%
  % Gain to Breakeven19.1%7.1%
  Time to Breakeven270 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-22.3%-24.5%
  % Gain to Breakeven28.6%32.4%
  Time to Breakeven467 days427 days
2020 COVID-19 Crash
  % Loss-42.8%-33.7%
  % Gain to Breakeven74.8%50.9%
  Time to Breakeven289 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-19.7%-19.2%
  % Gain to Breakeven24.5%23.8%
  Time to Breakeven123 days105 days

Compare to NSAI, XTER, DFNS

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.

MIAC has limited trading history. Below is the Financials sector ETF (XLF) in its place.

EventXLFS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-22.3%-24.5%
  % Gain to Breakeven28.6%32.4%
  Time to Breakeven467 days427 days
2020 COVID-19 Crash
  % Loss-42.8%-33.7%
  % Gain to Breakeven74.8%50.9%
  Time to Breakeven289 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-21.4%-12.2%
  % Gain to Breakeven27.3%13.9%
  Time to Breakeven272 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-26.1%-17.9%
  % Gain to Breakeven35.3%21.8%
  Time to Breakeven162 days123 days
2008-2009 Global Financial Crisis
  % Loss-78.3%-53.4%
  % Gain to Breakeven359.8%114.4%
  Time to Breakeven2329 days1085 days

Compare to NSAI, XTER, DFNS

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)

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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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AI Analysis | Feedback

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AI Analysis | Feedback

  • 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.

AI Analysis | Feedback

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.

AI Analysis | Feedback

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AI Analysis | Feedback

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AI Analysis | Feedback

Meridian3 Industrials Acquisition (MIAC) faces the primary and dominant risk of failing to complete an initial business combination within its mandated timeframe. As a special purpose acquisition company (SPAC), its sole purpose is to raise capital through an initial public offering (IPO) and then merge with or acquire one or more private operating companies. The company's background explicitly states that it has "not selected any specific business combination target and [has not] initiated any substantive discussions... with any business combination target." This places the company squarely in the pre-acquisition phase, where the most significant risk is the inability to fulfill its fundamental purpose. SPACs typically have a limited period, often 18 to 24 months, to identify and complete a qualifying business combination. If Meridian3 Industrials Acquisition fails to do so within this specified timeframe, it would be forced to liquidate and return the funds held in trust to its public shareholders. While shareholders would generally receive their investment back (minus any premium paid for shares), they would lose the opportunity cost of their investment. The SPAC's sponsors, however, would typically lose their initial investment.

AI Analysis | Feedback

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AI Analysis | Feedback

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AI Analysis | Feedback

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.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MIACNSAIXTERDFNSMedian
NameMeridian.NorthStr.Xterax IIT3 Defen. 
Mkt Price9.839.94-2.729.83
Mkt Cap---0.00.0
Rev LTM---88
Op Inc LTM----33-33
FCF LTM----13-13
FCF 3Y Avg----6-6
CFO LTM----13-13
CFO 3Y Avg----6-6

Growth & Margins

MIACNSAIXTERDFNSMedian
NameMeridian.NorthStr.Xterax IIT3 Defen. 
Rev Chg LTM---239.0%239.0%
Rev Chg 3Y Avg---25.0%25.0%
Rev Chg Q-----
QoQ Delta Rev Chg LTM---109.4%109.4%
Op Inc Chg LTM----712.4%-712.4%
Op Inc Chg 3Y Avg----239.7%-239.7%
Op Mgn LTM----430.0%-430.0%
Op Mgn 3Y Avg-----
QoQ Delta Op Mgn LTM---406.6%406.6%
CFO/Rev LTM----173.8%-173.8%
CFO/Rev 3Y Avg-----
FCF/Rev LTM----176.4%-176.4%
FCF/Rev 3Y Avg-----

Valuation

MIACNSAIXTERDFNSMedian
NameMeridian.NorthStr.Xterax IIT3 Defen. 
Mkt Cap---0.00.0
P/S---0.20.2
P/Op Inc----0.0-0.0
P/EBIT----0.0-0.0
P/E----0.0-0.0
P/CFO----0.1-0.1
Total Yield----9,997.0%-9,997.0%
Dividend Yield---21.7%21.7%
FCF Yield 3Y Avg----1,928.6%-1,928.6%
D/E---11.211.2
Net D/E---5.85.8

Returns

MIACNSAIXTERDFNSMedian
NameMeridian.NorthStr.Xterax IIT3 Defen. 
1M Rtn0.2%0.6%--59.9%0.2%
3M Rtn-0.1%0.8%--94.1%-0.1%
6M Rtn-0.1%0.8%-547.6%0.8%
12M Rtn-0.1%0.8%--57.8%-0.1%
3Y Rtn-0.1%0.8%-128.2%0.8%
1M Excs Rtn3.2%3.8%--56.4%3.2%
3M Excs Rtn1.7%2.6%--92.3%1.7%
6M Excs Rtn-2.9%-2.0%-545.0%-2.0%
12M Excs Rtn-10.6%-9.7%--67.8%-10.6%
3Y Excs Rtn-81.7%-81.1%-152.2%-81.1%

Comparison Analyses

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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 succinatesolution6292010     
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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 succinatesolution6292010     

Financials

Price Behavior

Price Behavior
Market Price$9.83 
First Trading Date08/24/2026 
Distance from 52W High-0.1% 
   50 Days200 Days
DMA Price$9.82 
DMA Trend  
Distance from DMA0.1% 
 3M1YR
Volatility1.5%1.5%
Downside Capture  
Upside Capture  
Correlation (S&P 500)  
MIAC Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta0.01-0.020.03-0.01-0.00-0.02
Up Beta-0.13-0.120.02-0.020.02-0.02
Down Beta0.020.03-0.000.01-0.010.01
Up Capture-1%-4%-3%-1%-0%-0%
Bmk +ve Days12182862130427
Stock +ve Days399999
Down Capture2%-1%-1%-1%-0%-0%
Bmk -ve Days10253664121325
Stock -ve Days41112121212

[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
MIAC0.1%1.8%-2.23-
Sector ETF (XLF)15.0%15.0%0.7134.5%
Equity (SPY)13.2%12.9%0.68-26.0%
Gold (GLD)1.0%28.8%0.0313.6%
Commodities (DBC)35.9%21.2%1.34-21.7%
Real Estate (VNQ)14.3%14.1%0.7028.9%
Bitcoin (BTCUSD)-28.2%43.4%-0.65-13.1%

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
MIAC0.0%1.8%-2.23-
Sector ETF (XLF)10.0%18.3%0.4034.5%
Equity (SPY)12.5%17.2%0.55-26.0%
Gold (GLD)17.3%19.1%0.7313.6%
Commodities (DBC)8.0%19.6%0.29-21.7%
Real Estate (VNQ)1.8%18.9%-0.0128.9%
Bitcoin (BTCUSD)5.5%51.5%0.29-13.1%

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
MIAC0.0%1.8%-2.23-
Sector ETF (XLF)13.7%22.1%0.5634.5%
Equity (SPY)15.4%18.0%0.73-26.0%
Gold (GLD)11.9%16.5%0.5913.6%
Commodities (DBC)7.4%18.1%0.33-21.7%
Real Estate (VNQ)5.7%20.7%0.2328.9%
Bitcoin (BTCUSD)61.0%66.2%1.01-13.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 93020261.2%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest1
Core Cache Last Updated: 11/4/2026