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Metals Acquisition Priced, NYSE: MTAL

Blank check company targeting green-economy metals and mining businesses (completed 6/16/2023).

Industry: SPAC

Latest Trade: $12.85 0.00 (0.0%)

First Day Return: -1.7%

Return from IPO: +28.5%

Industry: SPAC

Metals Acquisition is a newly formed blank check company. While we may pursue an initial business combination target in any industry or geographic region, we intend to focus our search on green-economy-focused metals and mining businesses in high quality, stable jurisdictions that would benefit from access to the deep and highly-liquid U.S. public markets along with the additional capital that may be secured through those markets to unlock value. Our team’s strong M&A and operational backgrounds will enable our company to identify and execute on value accretive transactions for our shareholders. Our management team is led by Michael (Mick) James McMullen (CEO and director), Marthinus (Jaco) J. Crouse (Chief Financial Officer) and Dan Vujcic (Chief Development Officer). Urbanization has driven more centralized populations, more concentrated pollution, and significant increases in Greenhouse Gas (GHG) emissions. Major government initiatives are being rolled out to curb GHG emissions, in some cases banning internal combustion engine vehicles altogether, through the electrification of transportation and its surrounding ecosystem; these sectors are currently undergoing what is best described as a once in a century transition that will create value-accretive ripple effects across several core areas, including the mining and metals sector.
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IPO Data
IPO File Date 07/12/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/28/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
Company Data
Headquarters Fort Worth, TX, United States
Founded 2021
Employees 2

Metals Acquisition (MTAL) Performance