Research Reports

Summary

Metals Acquisition Corp. II consummated its initial public offering of 23,000,000 units at $10.00 per unit, generating $230,000,000 in gross proceeds including full exercise of 3,000,000 unit over-allotment option, and a simultaneous private placement of 5,066,666 warrants at $1.50 each for $7,600,000. $230,000,000 was placed in trust account; audited balance sheet as of March 13, 2026 provided showing $232,377,802 total assets.

Key takeaways

IPO of 23,000,000 units (incl. 3,000,000 over-allotment) at $10.00/unit for $230,000,000 gross proceeds on March 13, 2026
Private placement of 5,066,666 warrants at $1.50 each for $7,600,000 to MAC Partners LLC (3,533,333), Cohen (1,226,666), Jett (230,000), Sternship (76,667)
$230,000,000 (incl. up to $9,200,000 deferred commission) placed in trust account with Continental Stock Transfer & Trust Company
Audited balance sheet as of March 13, 2026: cash $2,346,149, trust cash $230,000,000, total assets $232,377,802
Balance sheet: deferred underwriting fee $9,200,000, total liabilities $9,355,939, shareholders' deficit ($6,978,137)
7,666,667 Class B ordinary shares issued and outstanding, par value $0.0001 per share