SPAC Metals Acquisition II prices $200 million IPO, targeting metals and mining
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Metals Acquisition II has priced its $200 million IPO, offering 20 million units at $10 each, targeting the metals and mining sector. Each unit includes one share of common stock and one-third of a warrant. Led by Executive Chair Michael McMullen and CFO Morne Engelbrecht, the SPAC aims to acquire and operate natural resource businesses in stable jurisdictions. The company plans to list on the NYSE under the symbol MTAL.U, with Cohen & Company Securities as the sole bookrunner. This follows the success of their previous SPAC, which merged with CSA Copper Mine.
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