M EVO GLOBAL ACQUISITION CORP II Announces Closing of $300 Million Initial Public Offering

Rhea-AI Summary

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.

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

News Market Reaction – MEVOU

-0.10%

1 alert

-0.10% News Effect

On the day this news was published, MEVOU declined 0.10%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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

azf@evo-spac.com

FAQ

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.