MZYX · MOZAYYX Acquisition Corp.

Summary

MOZAYYX Acquisition Corp. is a blank check company incorporated in the Cayman Islands on October 9, 2025, formed to effect a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. The company has not selected any specific target and has not initiated substantive discussions with any potential acquisition candidates. It intends to focus on high-growth sectors including fintech, energy, cybersecurity, infrastructure, robotics, and communications, leveraging the expertise of its management team, though it is not limited to these areas. MOZAYYX is offering 25,000,000 units at $10.00 each, with underwriters having a 45-day option to purchase up to 3,750,000 additional units. Each unit consists of one Class A ordinary share and one-quarter of one redeemable warrant exercisable at $11.50 per share 30 days post-business combination. Net proceeds of approximately $251.25 million, including $7 million from 3.5 million private placement warrants purchased by sponsor MOZAYYX Acquisition Sponsor LLC and Cantor Fitzgerald & Co., will fund the trust account with $250 million invested in U.S. government treasuries or money market funds. The sponsor holds 7,187,500 Class B founder shares (20% post-offering on a fully diluted basis, subject to forfeiture of up to 937,500 if over-allotment not exercised). The company has 24 months to complete an initial business combination, with public shareholders entitled to redemption rights. As a SPAC, it offers targets a faster path to public markets amid high dilution risks from founder shares and warrants.

Key takeaways

• Blank check company incorporated October 9, 2025, seeking initial business combination within 24 months.
• Offering 25,000,000 units at $10.00 each, generating $250 million trust account proceeds (up to $287.5 million with over-allotment).
• Sponsor holds 7,187,500 Class B founder shares purchased for $25,000 ($0.0035/share), representing 20% post-offering ownership.
• Private placement: 3.5 million warrants at $2.00 each ($7 million) to sponsor (2.25 million) and Cantor Fitzgerald (1.25 million).
• Public shareholders have redemption rights upon business combination completion, with pro rata trust distribution if no combination within timeframe.
• Target fair market value must be at least 80% of trust assets; post-combination company must own 50%+ voting securities.
• Key risks include sponsor dilution incentives, management conflicts from other ventures, and failure to complete combination leading to liquidation.