Metals Acquisition Corp. II Announces Closing of $230 Million Initial Public Offering Including Exercise of Underwriters’ Over-Allotment Option in Full

Core Viewpoint - Metals Acquisition Corp. II has successfully closed its initial public offering (IPO) of 23,000,000 units at a price of $10.00 per unit, including an over-allotment of 3,000,000 units, and has also completed a private placement of warrants [1][3]. Group 1: Initial Public Offering Details - The IPO consisted of 23,000,000 units, with each unit comprising one Class A ordinary share and one-third of a redeemable warrant, which can be exercised to purchase one Class A ordinary share at $11.50 [1]. - The units began trading on the New York Stock Exchange (NYSE) under the ticker symbol "MTAL.U" on March 12, 2026, with plans for separate trading of Class A shares and warrants under "MTAL" and "MTAL WS" respectively [2]. Group 2: Private Placement Information - Concurrently with the IPO, the company closed a private placement of 5,066,666 warrants at $1.50 per warrant, generating gross proceeds of $7,600,000 [3]. - The proceeds from both the IPO and the private placement resulted in $230,000,000 being placed in trust, equivalent to $10.00 per unit sold in the public offering [3]. Group 3: Company Purpose and Focus - Metals Acquisition Corp. II is a blank check company aimed at executing a merger, amalgamation, or similar business combination, primarily targeting opportunities in the natural resources value chain, especially in metals and mining sectors within stable jurisdictions [4]. Group 4: Management and Advisory - Cohen & Company Capital Markets acted as the Lead Book-Running Manager for the offering, while Jett Capital Advisors served as a Co-Manager, and Sternship Advisers Pty Ltd acted as Capital Markets Advisor [5].