---
title: "Freedom Metals completed $275M IPO, 27.5M units issued with $275M placed in trust"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293021286.md"
description: "Freedom Metals completed its IPO, issuing 27.5 million units at $10 each to raise $275 million. Proceeds are held in a U.S. trust account. Each unit includes one Class A share and one-third of a warrant exercisable at $11.50. A simultaneous private placement raised an additional $8.25 million. Transaction costs totaled approximately $17.6 million, including deferred underwriting fees."
datetime: "2026-07-17T10:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293021286.md)
  - [en](https://longbridge.com/en/news/293021286.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293021286.md)
generator: "portal-rs"
---

# Freedom Metals completed $275M IPO, 27.5M units issued with $275M placed in trust

**Freedom Metals completed an IPO of 27,500,000 units raising $275,000,000, with proceeds held in a U.S. trust account.**

**Key Highlights:**

-   Sold 27,500,000 units at $10.00 each in IPO, generating $275,000,000 gross proceeds.
-   Each unit includes one Class A share and one-third of a warrant exercisable at $11.50 per share.
-   Simultaneous private placement of 825,000 units to sponsor and underwriter reps for $8,250,000.
-   $275,000,000 of IPO and private placement proceeds placed in U.S. trust account with Continental Stock Transfer.
-   Transaction costs totaled $17,592,906, including $11,000,000 deferred underwriting fees recorded as liability.

Original SEC Filing: Freedom Metals Acquisition Corp. \[ FDMMU \] - 8-K - Jul. 16, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**