M EVO GLOBAL ACQUISITION CORP II Announces Pricing of Upsized $270 Million Initial Public Offering

Rhea-AI Summary

M EVO GLOBAL ACQUISITION CORP II (NASDAQ:MEVO) priced an upsized initial public offering of 27,000,000 units at $10.00 per unit, representing gross proceeds of approximately $270 million. Trading of units began under MEVOU on January 30, 2026.

Each unit includes one Class A ordinary share and one-half warrant (full warrant exercisable at $11.50). Class A shares and warrants are expected to trade as MEVOX and MEVOW when separated. The offering is expected to close February 2, 2026, with Cohen & Company Capital Markets as book-running manager and a 45-day option to purchase up to 3,000,000 additional units. The SPAC intends to target businesses in the critical minerals sector.

Positive

• Gross proceeds of approximately $270 million from the upsized offering
• Offering upsized to 27,000,000 units from 22,500,000 units, signaling demand
• 45-day over-allotment option for up to 3,000,000 additional units provides underwriting support

Negative

• Potential equity dilution if up to 3,000,000 additional units are issued under over-allotment
• Outstanding warrants exercisable at $11.50 may dilute shareholders upon exercise

New York, Jan. 29, 2026 (GLOBE NEWSWIRE) -- M EVO GLOBAL ACQUISITION CORP II (the “Company”) announced today that it priced its initial public offering of 27,000,000 units at $10.00 per unit after upsizing the original offering of 22,500,000 units. The units will be listed on the Nasdaq Global Market ("Nasdaq") and will trade under the ticker symbol “MEVOU” beginning 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 offering is expected to close on February 2, 2026, subject to customary closing conditions.

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 & Company Capital Markets, a division of Cohen & Company Securities, LLC is acting as book-running manager and lead underwriter for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,000,000 units to cover over-allotments, if any.

The offering is being made only by means of a prospectus. When available, 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 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 proposed initial public offering and the Company’s search for and/or completion of an initial business combination. No assurance can be given that the offering will be completed on the terms described, or at all, or 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 preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (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.

Contacts

Ashley Zumwalt-Forbes
M Evo Global Acquisition Corp II

azf@evo-spac.com

FAQ

What did MEVO announce about its January 2026 IPO pricing and size?

MEVO priced an upsized IPO of 27,000,000 units at $10.00 each, totaling about $270 million. According to the company, the offering began trading as MEVOU on January 30, 2026, with expected close on February 2, 2026.

What does each MEVO unit contain and what are the warrant terms?

Each unit contains one Class A ordinary share and one-half of a redeemable warrant. According to the company, each whole warrant will entitle the holder to buy one share at an exercise price of $11.50 per share.

When will MEVO’s Class A shares and warrants trade separately and under which symbols?

The securities are expected to trade separately after unit separation, with Class A shares as MEVOX and warrants as MEVOW. According to the company, separate trading will occur once the underlying securities begin separate trading on Nasdaq.

Who is managing the MEVO offering and is there an over-allotment option?

Cohen & Company Capital Markets is the book-running manager and lead underwriter. According to the company, the underwriter has a 45-day option to purchase up to 3,000,000 additional units to cover any over-allotments.

What strategic focus did MEVO state for its search for a business combination?

MEVO intends to concentrate on businesses with assets in the critical minerals sector tied to U.S. economic and national security interests. According to the company, it may pursue combinations across industries but will emphasize critical minerals targets.