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Metals Acquisition Corp. (NYSE: MTAL.U) announced on September 20, 2021, that holders of its initial public offering units, totaling 26,514,780, can now trade shares of Class A ordinary shares and redeemable warrants separately. Units that are not separated will continue to trade under the symbol MTAL.U. The offering was managed by Citigroup Global Markets Inc., with the registration statement effective since July 28, 2021. The Company aims to focus on mergers in the metals and mining sector, excluding coal.
Metals Acquisition Corp. (NYSE:MTALU) announced the partial exercise of an underwriters' option from its IPO, resulting in an additional 1,514,780 units issued at $10.00 each. This brings the total units from the IPO to 26,514,780, accumulating $265,147,800 in the trust account. Each unit comprises one Class A ordinary share and one-third of a warrant, redeemable at $11.50 per share. The underwriters have until September 10, 2021, to exercise the remaining option. Citigroup serves as the book-running manager for the offering.