Metals Acquisition Corp. Announces Partial Exercise and Closing of Underwriters’ Option to Purchase Additional Units in its Initial Public Offering | Business

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FORT WORTH, TX – (BUSINESS WIRE) – Sep 3, 2021–

Metals Acquisition Corp. (the “Company”) announced today that the underwriters of its previously announced initial public offering of 25,000,000 units, which closed on August 2, 2021, have partially exercised their option to purchase additional units, resulting in the issuance of an additional 1,514,780 units at a public offering price of $ 10.00 per unit. After giving effect to the partial exercise and the closing of the option, a total of 26,514,780 units were issued as part of the initial public offering and a total of $ 265,147,800 was deposited. in the Company’s trust account. The Underwriters have until September 10, 2021 to exercise the remainder of their option to purchase additional Units.

Each unit consists of one Class A common share of the Company and one third of a redeemable warrant. Each whole warrant entitles its holder to purchase one Class A common share at a price of $ 11.50 per share. The Units are listed on the New York Stock Exchange under the symbol “MTAL U”. Once the securities comprising the units begin to trade separately, the Company expects its common shares and Class A warrants to be listed on the New York Stock Exchange under the symbols “MTAL” and “MTAL WS. “, respectively.

The Company was incorporated for the purpose of effecting a merger, a capital stock exchange, an acquisition of assets, a purchase of shares, a reorganization or a similar business combination with one or more companies. Although the Company’s efforts to identify a business combination opportunity are not limited to any particular industry, it intends to focus on companies in the metals and mining sector, including companies in upstream and downstream, but excluding coal.

Citigroup acts as the sole accounting manager.

The public offer is made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from Citigroup Global Markets Inc., c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-800-831-9146.

A registration statement relating to the securities became effective on July 28, 2021. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in a state or jurisdiction in which such offering, solicitation or sale would be illegal prior to registration or qualification under the securities laws of such state or jurisdiction.

Forward-looking statements

This press release contains statements that constitute “forward-looking statements”, particularly with respect to the proposed initial public offering and the Company’s plans regarding the target sector of a possible business combination. No assurance can be given that the offer discussed above will be completed under the conditions described, or not at all, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering of the Company. Company registered with the United States Securities and Exchange Commission. (the second “). Copies of these documents are available on the SEC’s website at www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210903005406/en/

CONTACT: Mick McMullen

Chief Executive Officer

+1 (817) 698-9901

[email protected]

KEYWORD: AFRICA AUSTRALIA / OCEANIA UNITED STATES CANADA NORTH AMERICA AUSTRALIA TEXAS

INDUSTRY KEYWORD: MINES / MINERALS NATURAL RESOURCES

SOURCE: Metals Acquisition Corp.

Copyright Business Wire 2021.

PUB: 03/09/2021 17:30 / DISC: 03/09/2021 17:30

http://www.businesswire.com/news/home/20210903005406/en

Copyright Business Wire 2021.


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