M EVO GLOBAL ACQUISITION CORP II (NYSE: MEVO) closed its initial public offering of 30,000,000 units at $10.00 per unit, including 3,000,000 units from full over-allotment, generating $300,000,000 in gross proceeds.
Units began trading on the Nasdaq Global Market under MEVOU on January 30, 2026. Each unit includes one Class A share and one-half warrant (warrant exercise price $11.50). The company intends to target business combinations in the critical minerals sector relevant to U.S. economic and national security interests.
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Positive
$300,000,000 gross proceeds from IPO
Full over-allotment exercised: 3,000,000 units
Units listed on Nasdaq as MEVOU on Jan 30, 2026
Warrants exercisable at $11.50, providing potential future capital
Negative
SPAC structure implies future dilution if warrants or shares are issued upon combination or exercise
No announced target or binding deals; proceeds must be deployed through a future business combination
Key Figures
Gross proceeds:$300,000,000Units offered:30,000,000 unitsUnit price:$10.00 per unit+5 more
8 metrics
Gross proceeds$300,000,000Initial public offering of units
Units offered30,000,000 unitsInitial public offering size
Unit price$10.00 per unitIPO pricing
Over-allotment units3,000,000 unitsFull exercise of over-allotment option
Par value$0.0001 per shareClass A ordinary share par value
Warrant structureOne-half warrant per unitEach whole warrant for one Class A share
Warrant exercise price$11.50 per shareExercise price for each whole warrant
This announcement confirms the closing of MEVO’s SPAC IPO, raising $300,000,000 through 30,000,000 u...
Analysis
This announcement confirms the closing of MEVO’s SPAC IPO, raising $300,000,000 through 30,000,000 units at $10.00, each including half of a redeemable warrant exercisable at $11.50. The units began trading on Nasdaq under “MEVOU” following SEC effectiveness on January 29, 2026. With no historical events or technical data of substance provided, the key factors to monitor are deal structure, warrant mechanics, and future business combination targets in the critical minerals sector.
Key Terms
initial public offering, over-allotment option, redeemable warrant, prospectus, +4 more
8 terms
initial public offeringfinancial
"announced today the closing of its initial public offering of 30,000,000 units"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
over-allotment optionfinancial
"including 3,000,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option"
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.
redeemable warrantfinancial
"and one-half of one redeemable warrant, each whole warrant entitling the holder to purchase one Class A ordinary share"
A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.
prospectusregulatory
"The offering was made by means of a prospectus. Copies of the prospectus may be obtained"
A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.
registration statementregulatory
"A registration statement relating to the securities was declared effective by the Securities and Exchange Commission"
A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.
Securities and Exchange Commissionregulatory
"was declared effective by the Securities and Exchange Commission (the “SEC”) on January 29, 2026"
A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.
Nasdaq Global Marketfinancial
"The units commenced trading on the Nasdaq Global Market ("Nasdaq") under the ticker symbol"
The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.
special purpose acquisition companyfinancial
"is a special purpose acquisition company formed for the purpose of effecting a merger"
A special purpose acquisition company (SPAC) is a company formed with the sole purpose of raising money through a public offering to buy or merge with an existing private business. It acts like a vehicle that allows private companies to go public more quickly and with less complexity. For investors, it offers an opportunity to invest early in a potential acquisition, though it also carries risks if the intended deal doesn’t materialize.
AI-generated analysis. Not financial advice.
New York, Feb. 02, 2026 (GLOBE NEWSWIRE) -- M EVO GLOBAL ACQUISITION CORP II (the “Company”) announced today the closing of its initial public offering of 30,000,000 units at $10.00 per unit, including 3,000,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option, resulting in gross proceeds of $300,000,000.
The units commenced trading on the Nasdaq Global Market ("Nasdaq") under the ticker symbol “MEVOU” on January 30, 2026. Each unit consists of one Class A ordinary share of the Company, $0.0001 par value per share, and one-half of one redeemable warrant, each whole warrant entitling the holder to purchase one Class A ordinary share upon exercise, at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq under the symbols “MEVOX” and “MEVOW,” respectively.
The Company, led by Chairman of the Board of Directors and Chief Executive Officer, Stephen Silver, and by member of the Board of Directors and Chief Operations Officer, Ashley Zumwalt-Forbes, is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination in any industry, the Company intends to concentrate its search on businesses with a focus on those that own, operate, or are developing assets in the critical minerals sector that are fundamental to the economic and national security interests of the United States.
Cohen and Company Capital Markets, a division of Cohen & Company Securities, LLC acted as book-running manager and lead underwriter for the offering. The offering was made by means of a prospectus. Copies of the prospectus may be obtained from Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at capitalmarkets@cohencm.com or by accessing the SEC’s website, www.sec.gov.
A registration statement relating to the securities was declared effective by the Securities and Exchange Commission (the “SEC”) on January 29, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for and/or completion of an initial business combination. No assurance can be given that the Company will complete an initial business combination. Forward-looking statements are subject to numerous risks, conditions and other uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact
Ashley Zumwalt-Forbes M Evo Global Acquisition Corp II
How much did M EVO GLOBAL ACQUISITION CORP II (MEVO) raise in its IPO?
The company raised $300,000,000 in gross proceeds from the IPO. According to the company, this reflects 30,000,000 units at $10.00 each, including a 3,000,000-unit overallotment exercise.
What securities and tickers were issued when MEVO listed on Nasdaq?
Units began trading under MEVOU on Nasdaq on January 30, 2026. According to the company, later separate trading is expected for Class A shares (MEVOX) and warrants (MEVOW), respectively.
What does each MEVO unit include and what is the warrant exercise price?
Each unit contains one Class A ordinary share and one-half of a redeemable warrant. According to the company, each whole warrant is exercisable to buy one share at $11.50 per share.
What industry will MEVO focus on for its initial business combination?
MEVO intends to concentrate on businesses in the critical minerals sector tied to U.S. economic and national security. According to the company, the search will prioritize owners, operators, or developers of those assets.
Who led the MEVO IPO underwriting and where can investors get the prospectus?
Cohen and Company Capital Markets acted as book-running manager and lead underwriter. According to the company, the prospectus is available from Cohen and Company Capital Markets or via the SEC website at www.sec.gov.
