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): $9.82
Market Cap: $-
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 1.4%

Trading close to highs
Dist 52W High is -0.2%, Dist 3Y High is -0.2%

Weak multi-year price returns
2Y Excs Rtn is -36%, 3Y Excs Rtn is -71%

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 1.4%
1 Trading close to highs
Dist 52W High is -0.2%, Dist 3Y High is -0.2%
2 Weak multi-year price returns
2Y Excs Rtn is -36%, 3Y Excs Rtn is -71%
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 9/1/2026

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. 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).

Show more
Updated on 9/1/2026

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. 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
ReturnCorrelation
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
ReturnCorrelation
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
ReturnCorrelation
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
ReturnCorrelation
MIAC  
Market (SPY)75.6%-47.8%
Sector (XLF)69.8%-5.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MIAC Return------0%-0%
Peers Return488%-91%12929%60%-89%48%1767%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
MIAC Win Rate-----0% 
Peers Win Rate50%17%67%33%25%31% 
S&P 500 Win Rate75%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.

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 BCCQ, 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 BCCQ, 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

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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.

Peer Outperformance in Multi-Sector Holdings

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Share of Multi-Sector Holdings constituents that MIAC has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
insufficient peer history
3Y
insufficient peer history
5Y
insufficient peer history
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Median price return by industry across the Financials sector, ranked by 5Y. Multi-Sector Holdings is MIAC's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y 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%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MIACBCCQDFNSMedian
NameMeridian.Bleichro.T3 Defen. 
Mkt Price9.82-7.668.74
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

MIACBCCQDFNSMedian
NameMeridian.Bleichro.T3 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

MIACBCCQDFNSMedian
NameMeridian.Bleichro.T3 Defen. 
Mkt Cap--0.00.0
P/S--0.50.5
P/Op Inc---0.1-0.1
P/EBIT---0.0-0.0
P/E---0.0-0.0
P/CFO---0.3-0.3
Total Yield---3,719.5%-3,719.5%
Dividend Yield--8.1%8.1%
FCF Yield 3Y Avg---6,756.8%-6,756.8%
D/E--4.04.0
Net D/E--2.12.1

Returns

MIACBCCQDFNSMedian
NameMeridian.Bleichro.T3 Defen. 
1M Rtn-0.2%--62.8%-31.5%
3M Rtn-0.2%-3,656.7%1,828.3%
6M Rtn-0.2%-702.1%350.9%
12M Rtn-0.2%-23.0%11.4%
3Y Rtn-0.2%-666.0%332.9%
1M Excs Rtn0.5%--69.8%-34.6%
3M Excs Rtn-2.2%-3,654.7%1,826.3%
6M Excs Rtn-16.0%-606.8%295.4%
12M Excs Rtn-16.1%-27.8%5.8%
3Y Excs Rtn-71.5%-857.2%392.9%

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 succinateinjectable6292010     
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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 succinateinjectable6292010     

Financials

Price Behavior

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MIAC Betas & Captures as of 8/31/2026

 1M2M3M6M1Y3Y
Beta-0.05-0.07-0.010.04-0.030.01
Up Beta-0.130.140.13-0.12-0.150.10
Down Beta
Up Capture-2%-1%-0%-0%-0%-0%
Bmk +ve Days10213268138427
Stock +ve Days000000
Down Capture-0%-0%-0%-0%-0%-0%
Bmk -ve Days11213259113324
Stock -ve Days111111

[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%1.7321.2%
Real Estate (VNQ)4.9%13.6%0.10-18.4%
Bitcoin (BTCUSD)-30.6%44.3%-0.7013.0%

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%0.4521.2%
Real Estate (VNQ)1.1%18.8%-0.05-18.4%
Bitcoin (BTCUSD)12.5%52.5%0.4213.0%

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%0.3721.2%
Real Estate (VNQ)4.4%20.7%0.18-18.4%
Bitcoin (BTCUSD)62.6%66.2%1.0213.0%

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

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 8152026100.0%
Average Daily Volume0.0 Mil
Days-to-Cover Short Interest1
Core Cache Last Updated: 9/20/2026