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): $9.83Market Cap: $247.3 MilSector: 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 1.5% | Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% Weak multi-year price returns2Y Excs Rtn is -30%, 3Y Excs Rtn is -82% | 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 1.5% |
| Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% |
| Weak multi-year price returns2Y Excs Rtn is -30%, 3Y Excs Rtn is -82% |
| 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. 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.
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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. 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| Return | Correlation | |
|---|---|---|
| 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| Return | Correlation | |
|---|---|---|
| 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| Return | Correlation | |
|---|---|---|
| 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| Return | Correlation | |
|---|---|---|
| MIAC | ||
| Market (SPY) | 89.7% | -14.1% |
| Sector (XLF) | 91.0% | 35.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MIAC Return | - | - | - | - | - | -0% | -0% |
| Peers Return | 488% | -91% | 12929% | 60% | -89% | -10% | 1035% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| MIAC Win Rate | - | - | - | - | - | 25% | |
| Peers Win Rate | 50% | 17% | 67% | 33% | 25% | 45% | |
| S&P 500 Win Rate | 75% | 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.
| 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.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 9.83 |
| 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 | solution | 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 | solution | 6292010 | |||||
Price Behavior
| Market Price | $9.83 | |
| First Trading Date | 08/24/2026 | |
| Distance from 52W High | -0.1% | |
| 50 Days | 200 Days | |
| DMA Price | $9.82 | |
| DMA Trend | ||
| Distance from DMA | 0.1% | |
| 3M | 1YR | |
| Volatility | 1.5% | 1.5% |
| Downside Capture | ||
| Upside Capture | ||
| Correlation (S&P 500) |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.01 | -0.02 | 0.03 | -0.01 | -0.00 | -0.02 |
| Up Beta | -0.13 | -0.12 | 0.02 | -0.02 | 0.02 | -0.02 |
| Down Beta | 0.02 | 0.03 | -0.00 | 0.01 | -0.01 | 0.01 |
| Up Capture | -1% | -4% | -3% | -1% | -0% | -0% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 3 | 9 | 9 | 9 | 9 | 9 |
| Down Capture | 2% | -1% | -1% | -1% | -0% | -0% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 4 | 11 | 12 | 12 | 12 | 12 |
[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 | 0.1% | 1.8% | -2.23 | - |
| Sector ETF (XLF) | 15.0% | 15.0% | 0.71 | 34.5% |
| Equity (SPY) | 13.2% | 12.9% | 0.68 | -26.0% |
| Gold (GLD) | 1.0% | 28.8% | 0.03 | 13.6% |
| Commodities (DBC) | 35.9% | 21.2% | 1.34 | -21.7% |
| Real Estate (VNQ) | 14.3% | 14.1% | 0.70 | 28.9% |
| Bitcoin (BTCUSD) | -28.2% | 43.4% | -0.65 | -13.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MIAC | |
|---|---|---|---|---|
| MIAC | 0.0% | 1.8% | -2.23 | - |
| Sector ETF (XLF) | 10.0% | 18.3% | 0.40 | 34.5% |
| Equity (SPY) | 12.5% | 17.2% | 0.55 | -26.0% |
| Gold (GLD) | 17.3% | 19.1% | 0.73 | 13.6% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | -21.7% |
| Real Estate (VNQ) | 1.8% | 18.9% | -0.01 | 28.9% |
| Bitcoin (BTCUSD) | 5.5% | 51.5% | 0.29 | -13.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MIAC | |
|---|---|---|---|---|
| MIAC | 0.0% | 1.8% | -2.23 | - |
| Sector ETF (XLF) | 13.7% | 22.1% | 0.56 | 34.5% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | -26.0% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | 13.6% |
| Commodities (DBC) | 7.4% | 18.1% | 0.33 | -21.7% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 28.9% |
| Bitcoin (BTCUSD) | 61.0% | 66.2% | 1.01 | -13.1% |
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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