Freedom Metals Acquisition Corp. (FDMM) is a Cayman Islands blank check company formed on February 25, 2026 to pursue a Business Combination, with an intended focus on mining and critical minerals but flexibility to acquire in any sector or geography.
For the period from inception through June 30, 2026, the company had no revenues and recorded a net loss of $59,501, all from general and administrative costs. At quarter-end it reported total assets of $280,356, including cash of $9,121 and deferred offering costs of $251,235, against current liabilities of $314,857, resulting in a shareholder’s deficit of $34,501.
After quarter-end, on July 9, 2026, the company completed its IPO of 27,500,000 units at $10.00, plus 825,000 private placement units, raising gross proceeds of $283,250,000. $275,000,000 was deposited into a U.S. Trust Account, initially $10.00 per public share. Transaction costs totaled $27,539,727, including $11,000,000 in deferred underwriting commissions. Public shareholders will have redemption rights in connection with the eventual Business Combination, which must be completed within an 18–24 month completion window.