MOZAYYX Acquisition Corp. Announces Closing of Upsized $300,000,000 Initial Public Offering

MOZAYYX Acquisition Corp (NYSE: MZYX) closed an upsized initial public offering of 30,000,000 units at $10.00 per unit, raising $300,000,000 gross on Feb 26, 2026.

Rhea-AI Summary

MOZAYYX Acquisition Corp (NYSE: MZYX) closed an upsized initial public offering of 30,000,000 units at $10.00 per unit, raising $300,000,000 gross on Feb 26, 2026. The offering included 3,900,000 overallotment units and units began trading on NYSE as MZYX.U on Feb 25, 2026.

Each unit consists of one Class A ordinary share and one-quarter of a redeemable warrant; whole warrants exercise at $11.50. The company is a Cayman Islands blank check company seeking a business combination.

Positive

• $300,000,000 gross raised in upsized IPO
• Issued 30,000,000 units at $10 per unit
• Units began trading as MZYX.U on NYSE

Negative

• Gross proceeds stated before underwriting discounts and offering expenses
• Warrants entitle holders to buy shares at $11.50, creating potential future dilution

Key Figures

IPO gross proceeds: $300,000,000 Units offered: 30,000,000 units IPO price: $10.00 per unit +5 more

IPO gross proceeds

$300,000,000

Upsized initial public offering before fees

Units offered

30,000,000 units

Total units sold in IPO

IPO price

$10.00 per unit

Initial public offering price

Over-allotment units

3,900,000 units

Partial exercise of underwriter’s over-allotment option

Warrant exercise price

$11.50 per share

Exercise price for each whole redeemable warrant

Unit composition

1 share + 1/4 warrant

Each unit has one Class A share and one-quarter warrant

Form S-1 file no.

333-293134

Registration statement declared effective Feb 24, 2026

Form S-1MEF file no.

333-293715

Registration effective automatically on Feb 25, 2026

Key Terms

over-allotment option, redeemable warrant, warrant, blank check company, +1 more

5 terms

over-allotment option financial

"issuance of 3,900,000 units as result of the underwriter’s partial exercise of its 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 warrant financial

"Each unit consists of one Class A ordinary share and one-quarter of one redeemable warrant"

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.

warrant financial

"Each whole warrant entitles the holder to purchase one Class A ordinary share"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

blank check company financial

"The Company is a blank check company incorporated as an exempted company"

A blank check company is a publicly listed shell that raises money from investors before naming a specific business to buy or merge with, similar to handing a cashier a signed check and asking them to fill in the payee later. It matters to investors because it offers a faster, often cheaper path for private firms to become public, but carries extra risk since returns depend on the organizers’ ability to find a good deal and on limited information about the future business.

Form S-1 regulatory

"A registration statement on Form S-1 relating to the Offering (File No. 333-293134)"

A Form S-1 is the registration filing a company submits to the U.S. Securities and Exchange Commission when it plans to offer stock to the public, most commonly for an initial public offering. Think of it as the company’s full disclosure packet or blueprint: it contains audited financials, business description, management background, risk factors and details of the offering, giving investors the information needed to judge the company’s financial health and potential risks before buying shares.

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Austin, TEXAS, Feb. 26, 2026 (GLOBE NEWSWIRE) -- MOZAYYX Acquisition Corp. (NYSE: MZYX.U) (the “Company”) today announced that it closed its upsized initial public offering of 30,000,000 units at $10.00 per unit, including the issuance of 3,900,000 units as result of the underwriter’s partial exercise of its over-allotment option. The gross proceeds from the offering were $300 million before deducting underwriting discounts and estimated offering expenses. The units began trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “MZYX.U” on February 25, 2026.

Each unit consists of one Class A ordinary share and one-quarter of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share of the Company 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 NYSE under the symbols “MZYX” and “MZYX.WS”, respectively.

The Company is a blank check company incorporated as an exempted company under the laws of the Cayman Islands, which will seek to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. 

Cantor Fitzgerald & Co. acted as the sole book-running manager in the offering.
  
The offering was made only by means of a prospectus, copies of which may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, New York 10022; Email: prospectus@cantor.com, or from the SEC website at www.sec.gov.

A registration statement on Form S-1 relating to the Offering (File No. 333-293134), as amended, was filed with the Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on February 24, 2026 and a registration statement on Form S-1MEF (File No. 333-293715) was filed on February 25, 2026 with the SEC which was effective automatically upon filing.

This press release shall not constitute an offer to sell or a 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 includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC’s website, www.sec.gov.

Contact:

MOZAYYX Acquisition Corp.
Benjamin Zucker
Chief Executive Officer and Chief Financial Officer
111 Congress Ave, Suite 1200
Austin, TX 78701
Email: ben@mozayyxac.com 

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did MOZAYYX (MZYX) announce about its IPO on Feb 26, 2026?

They closed an upsized IPO of 30,000,000 units at $10 each, raising $300 million gross. According to the company, the offering included 3,900,000 units from the underwriter's partial over-allotment option and began trading as MZYX.U.

How are MOZAYYX units structured and what do the warrants provide?

Each unit includes one Class A share and one-quarter of a redeemable warrant. According to the company, each whole warrant permits purchase of one Class A share at an exercise price of $11.50 per share.

When did MOZAYYX units begin trading and what are the future ticker plans?

Units began trading on NYSE as MZYX.U on Feb 25, 2026. According to the company, Class A shares and warrants are expected to trade separately as MZYX and MZYX.WS once separated.

Who managed the MOZAYYX IPO and where was the registration filed?

Cantor Fitzgerald & Co. acted as sole book-running manager for the offering. According to the company, registration statements on Form S-1 (File No. 333-293134) and Form S-1MEF (File No. 333-293715) were filed with the SEC.

What type of company is MOZAYYX and what is its stated purpose after the IPO?

MOZAYYX is a Cayman Islands blank check company formed to seek a business combination. According to the company, it will pursue a merger, share exchange, asset acquisition, or similar transaction with one or more businesses.