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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 7, 2026
Freedom Metals Acquisition Corp.
(Exact name of registrant as specified in its charter)
| Cayman Islands |
|
001-43388 |
|
98-1924156 |
|
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
3250 NE 1st Ave, Suite 305
Miami, FL 33137
(Address of principal executive offices, including
zip code)
Registrant’s telephone number, including
area code: (855) 230-7271
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
| Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant |
|
FDMMU |
|
The Nasdaq Stock Market LLC |
| Class A ordinary shares, par value $0.0001 per share |
|
FDMM |
|
The Nasdaq Stock Market LLC |
| Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share |
|
FDMMW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 1.01. Entry into a Material Definitive Agreement.
On July 7, 2026, the registration statement
on Form S-1 (File No. 333-295972) relating to the initial public offering (the “Offering”) of Freedom Metals Acquisition
Corp., a Cayman Islands exempted company (the “Company”), was declared effective by the U.S. Securities and Exchange
Commission (the “Registration Statement”).
On July 9, 2026, the Company consummated the Offering,
which consisted of 27,500,000 units (the “Units”). The Units were sold at a price of $10.00 per Unit, generating gross
proceeds to the Company of $275,000,000. Each Unit consists of one Class A ordinary share, par value $0.0001 per share (the “Class
A Ordinary Shares”), of the Company, and one-third of one redeemable warrant (each, a “Warrant”) of the Company,
with each whole Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share.
In connection with the Offering, the Company entered
into the following agreements, forms of which were previously filed as exhibits to the Registration Statement for the Offering, originally
filed with the U.S. Securities and Exchange Commission on May 15, 2026, as amended:
| ● | An Underwriting Agreement, dated July 7, 2026, by and between
the Company, Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC (“Cohen”)
and Clear Street LLC (“CS”), as representatives of the several underwriters
(the “Underwriters”), a copy of which is attached as Exhibit 1.1 hereto and
incorporated herein by reference. |
| ● | A Warrant Agreement, dated July 7, 2026, by and between the
Company and Continental Stock Transfer & Trust Company, as warrant agent, a copy of which is attached as Exhibit 4.1 hereto and incorporated
herein by reference. |
| ● | A Letter Agreement, dated July 7, 2026, by and among the
Company, NLC America SPAC 1 LLC (the “Sponsor”) and each of the officers
and directors of the Company, a copy of which is attached as Exhibit 10.1 hereto and incorporated herein by reference. |
| ● | An Investment Management Trust Agreement, dated July 7, 2026,
by and between the Company and Continental Stock Transfer & Trust Company, as trustee, a copy of which is attached as Exhibit 10.2
hereto and incorporated herein by reference. |
| ● | A Registration Rights Agreement, dated July 7, 2026, by and
among the Company and certain security holders, a copy of which is attached as Exhibit 10.3 hereto and incorporated herein by reference. |
| ● | A Private Placement Units Purchase Agreement, dated July
7, 2026, by and between the Company and the Sponsor (the “Sponsor Private Placement Units
Purchase Agreement”), a copy of which is attached as Exhibit 10.4 hereto and incorporated herein by reference. |
| ● | A Private Placement Units Purchase Agreement, dated July
7, 2026 (the “Underwriter Private Placement Units Purchase Agreement”), by
and between the Company, Cohen and CS, a copy of which is attached as Exhibit 10.5 hereto and incorporated herein by reference. |
| ● | Indemnity Agreements, dated July 7, 2026, by and between
the Company and each director and executive officer of the Company, a copy of the form of which is attached as Exhibit 10.6 hereto and
incorporated herein by reference. |
| ● | An Administrative Services Agreement, dated July 7, 2026,
by and between the Company and the Sponsor, a copy of which is attached as Exhibit 10.7 hereto and incorporated herein by reference. |
| ● | An Advisory Services Agreement, dated July 7, 2026, by and
between the Company and Next Layer Capital Markets LLC, a copy of which is attached as Exhibit 10.8 hereto and incorporated herein by
reference. |
| ● | An Advisory Services Agreement, dated July 7, 2026, by and
between the Company and SV Capital Advisors LLP, a copy of which is attached as Exhibit 10.9 hereto and incorporated herein by reference. |
Item 3.02. Unregistered Sales of Equity Securities.
Simultaneously with the closing of the
Offering, pursuant to the Sponsor Private Placement Units Purchase Agreement and the Underwriter Private Placement Units Purchase
Agreement, the Company completed the private sale of an aggregate of 825,000 units (the “Private
Placement Units”) to the Sponsor, Cohen and CS, at a price of $10.00 per Private Placement Unit, generating gross proceeds to
the Company of $8,250,000. Of those Private Placement Units, the Sponsor purchased 550,000 Private Placement Units, and Cohen and CS
purchased 261,250 and 13,750 Private Placement Units, respectively. The Private Placement Units (and underlying securities) are
identical to the Units sold in the Offering, except as otherwise disclosed in the Registration Statement. No underwriting discounts
or commissions were paid with respect to such sale. The issuance of the Private Placement Units was made pursuant to the exemption
from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.
Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 7, 2026, in connection with the Offering,
Bronwyn Barnes, Quinton Hennigh, Hugh Callaghan and Michael Porter (collectively with Dean Callas, the “Directors”)
were appointed to the board of directors of the Company (the “Board”), with Bronwyn Barnes serving as Chairwoman. Effective
July 7, 2026, each of Michael Porter, Bronwyn Barnes, Hugh Callaghan and Quinton Hennigh was appointed to the audit committee of the Board
(the “Audit Committee”), with Mr. Porter serving as chair of the Audit Committee. Each of Michael Porter, Bronwyn Barnes
and Hugh Callaghan was appointed to the compensation committee of the Board (the “Compensation Committee”), with Mr.
Porter serving as chair of the Compensation Committee.
On July 7, 2026, the Company entered into indemnity
agreements with each of the Directors and executive officers of the Company, that require the Company to indemnify each of them to the
fullest extent permitted by applicable law and to advance expenses incurred as a result of any proceeding against them as to which they
could be indemnified. The foregoing summary of the indemnity agreements does not purport to be complete and is subject to, and qualified
in its entirety by, the full text of the form of indemnity agreement, which is filed as Exhibit 10.6 to this Current Report on Form 8-K
and incorporated herein by reference.
Item 5.03. Amendments to Certificate of Incorporation or Bylaws;
Change in Fiscal Year.
On July 7, 2026, in connection with the Offering,
the Company filed its amended and restated memorandum and articles of association (the “A&R Memorandum and Articles of Association”)
with the Cayman Islands Registrar of Companies, which was effective on July 7, 2026. The terms of the A&R Memorandum and Articles
of Association are set forth in the Registration Statement and are incorporated herein by reference. A copy of the A&R Memorandum
and Articles of Association is attached as Exhibit 3.1 hereto and incorporated herein by reference.
Item 8.01. Other Events.
The information included in Item 1.01 and Item
3.02 of this Current Report on Form 8-K is incorporated herein by reference.
A total of $275,000,000 of the proceeds from the
Offering and the sale of the Private Placement Units (which amount includes up to $12,650,000 of the Underwriters’ deferred discount),
was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. Except with
respect to interest earned on the funds in the trust account that may be released to the Company to pay its taxes and for winding up and
dissolution expenses, the funds held in the trust account will not be released from the trust account until the earliest of (i) the completion
of the Company’s initial business combination, (ii) the redemption of the Company’s public shares if it is unable to complete
its initial business combination within 18 months from the closing of the Offering (or 24 months from the closing of the Offering if the
Company has executed a definitive agreement for its initial business combination within 18 months from the closing of the Offering) (the
“Completion Window”), as such date may be extended by shareholder approval to amend the A&R Memorandum and Articles
of Association to extend the date by which the Company must consummate its initial business combination, or by such earlier liquidation
date as the Company’s board of directors may approve, subject to applicable law, and (iii) the redemption of the Company’s
public shares properly submitted in connection with a shareholder vote to amend the A&R Memorandum and Articles of Association to
modify the substance or timing of its obligation to redeem 100% of the Company’s public shares if it has not consummated an initial
business combination within such Completion Window or with respect to any other material provisions relating to shareholders’ rights
or pre-initial business combination activity.
On July 7, 2026, the Company issued a press release
announcing the pricing of the Offering, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K.
On July 9, 2026, the Company issued a press release
announcing the closing of the Offering, a copy of which is attached as Exhibit 99.2 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are being filed herewith:
| Exhibit No. |
|
Description |
| 1.1 |
|
Underwriting Agreement, dated July 7, 2026, by and between the Company, Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC and Clear Street LLC, as representatives of the several underwriters. |
| 3.1 |
|
Amended and Restated Memorandum and Articles of Association of the Company. |
| 4.1 |
|
Warrant Agreement, dated July 7, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent. |
| 10.1 |
|
Letter Agreement, dated July 7, 2026, by and among the Company, NLC America SPAC 1 LLC and each of the officers and directors of the Company. |
| 10.2 |
|
Investment Management Trust Agreement, dated July 7, 2026, by and between the Company and Continental Stock Transfer & Trust Company, as trustee. |
| 10.3 |
|
Registration Rights Agreement, dated July 7, 2026, by and between the Company and certain security holders. |
| 10.4 |
|
Sponsor Private Placement Units Purchase Agreement, dated July 7, 2026, by and between the Company and NLC America SPAC 1 LLC. |
| 10.5 |
|
Underwriter Private Placement Units Purchase Agreement, dated July 7, 2026, by and between the Company, Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, and Clear Street LLC. |
| 10.6 |
|
Form of Indemnity Agreement. |
| 10.7 |
|
Administrative Services Agreement, dated July 7, 2026, by and between the Company and NLC America SPAC 1 LLC. |
| 10.8* |
|
Advisory Agreement, dated July 7, 2026, by and between the Company and Next Layer Capital Markets LLC. |
| 10.9* |
|
Advisory Agreement, dated July 7, 2026, by and between the Company and SV Capital Advisors Inc. |
| 99.1 |
|
Pricing Press Release, dated July 7, 2026. |
| 99.2 |
|
Closing Press Release, dated July 9, 2026. |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
| * | Certain personally identifiable information has been omitted
from this exhibit pursuant to Item 601(a)(6) of Regulation S-K. |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| |
FREEDOM METALS ACQUISITION CORP. |
| |
|
|
| |
By: |
/s/ Peter Finan |
| |
Name: |
Peter Finan |
| |
Title: |
Chief Executive Officer |
| Dated: July 9, 2026 |
|
|
Exhibit 99.1
Freedom Metals Acquisition Corp. Announces the Pricing of $275,000,000
Initial Public Offering
New York, NY, July 07, 2026 (GLOBE NEWSWIRE) --
Freedom Metals Acquisition Corp. (the “Company”) announced today the pricing of its initial public offering of 27,500,000
units at a price of $10.00 per unit. The units are expected to be listed on The Nasdaq Stock Market LLC (“Nasdaq”) and begin
trading tomorrow, July 8, 2026, under the ticker symbol “FDMMU.” Each unit consists of one Class A ordinary share and one-third
of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at an
exercise price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units
and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants
are expected to be listed on Nasdaq under the symbols “FDMM” and “FDMMW,” respectively. The offering is expected
to close on July 9, 2026, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase
up to an additional 4,125,000 units at the initial public offering price to cover over-allotments, if any.
The Company is a blank check company formed for
the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business
combination with one or more businesses. The Company may pursue an acquisition opportunity in any industry, sector or geographic region.
The Company’s primary focus, however, will be on target businesses in the mining and critical minerals industry. The Company’s
management team is led by Peter Finan, its Chief Executive Officer, and Martin Zinny, its Chief Financial Officer. The Board also includes
Bronwyn Barnes (Chairwoman), Dean Callas, Hugh Callaghan, Quinton Hennigh, and Michael Porter.
Cohen & Company Capital Markets, a division
of Cohen & Company Securities, LLC, and Clear Street LLC are acting as book-running managers for the offering.
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,
and from Clear Street LLC, 4 World Trade Center, 150 Greenwich Street, Floor 45, New York NY 10007, or by email at ECM@clearstreet.io.
A registration statement relating to the securities
has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and became effective on July 7, 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 an 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 proposed initial public offering and the Company’s search
for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described,
or at all, subject to certain adjustments.
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 Company’s registration statement and preliminary prospectus for the Company’s initial public 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.
Investor Contact:
Freedom Metals Acquisition Corp.
3250 NE 1st Ave, Suite 305, Miami, FL 33137
Attn: Peter Finan
(o) (855) 230-7271
peter@fmacquisitioncorp.com
Exhibit 99.2
Freedom Metals Acquisition Corp. Announces the
Closing of $275 million Initial Public Offering
New York, NY, July 09, 2026 (GLOBE NEWSWIRE) -- Freedom Metals
Acquisition Corp. (the “Company”) announced today the closing of its initial public offering of 27,500,000 units. The offering
was priced at $10.00 per unit, resulting in gross proceeds of $275 million.
The Company’s units began trading on July
8, 2026 on The Nasdaq Global Market (“Nasdaq”) under the ticker symbol “FDMMU.” Each unit consists of one Class
A ordinary share of the Company and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one
Class A ordinary share of the Company at an exercise price of $11.50 per share, subject to certain adjustments. No fractional warrants
will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate
trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “FDMM” and “FDMMW,”
respectively.
The Company is a blank check company formed for
the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business
combination with one or more businesses. The Company may pursue an acquisition opportunity in any industry, sector or geographic region.
The Company’s primary focus, however, will be on target businesses in the mining and critical minerals industry. The Company’s
management team is led by Peter Finan, its Chief Executive Officer, and Martin Zinny, its Chief Financial Officer. The Board also includes
Bronwyn Barnes (Chairwoman), Dean Callas, Hugh Callaghan, Quinton Hennigh, and Michael Porter.
Cohen & Company Capital Markets, a division
of Cohen & Company Securities, LLC, and Clear Street LLC acted as book-running managers 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, and from
Clear Street LLC, 4 World Trade Center, 150 Greenwich Street, Floor 45, New York, NY 10007, or by email at ECM@clearstreet.io.
A registration statement relating to the securities
was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on July 7, 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 anticipated use of the net proceeds of the offering and the
Company’s search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used
as indicated.
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 Company’s registration statement and prospectus for the Company’s initial public 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.
Investor Contact:
Freedom Metals Acquisition Corp.
3250 NE 1st Ave, Suite 305, Miami, FL 33137
Attn: Peter Finan
(o) (855) 230-7271
peter@fmacquisitioncorp.com