SPAC Metals Acquisition Corp. prices $250 million IPO, targeting green-economy metals

Metals Acquisition, a blank check company targeting green-economy metals and mining businesses, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable at $11.50. 

The company is led by CEO Michael McMullen and Chair Patrice Merrin. It plans to target upstream and downstream metals and mining assets and businesses in stable jurisdictions with exposure to green-economy commodities or precious metals.

The Fort Worth, TX-based SPAC plans to list on the NYSE under the symbol MTAL.U. Citi acted as sole bookrunner on the deal.