Freedom Metals Acquisition Corp. closes $275 million IPO of 27.5 million units
Freedom Metals Acquisition Corp. closed its initial public offering on July 9, 2026, selling 27,500,000 units at $10.00 per unit for $275,000,000 in gross proceeds. The full $275,000,000 was placed in a U.S.-based trust account, and the company has not yet selected a business combination target, though it intends to focus on mining and critical minerals. Public shareholders may redeem their shares from the trust only in connection with a business combination, a shareholder vote, or liquidation.
Key points
- IPO closed July 9, 2026: 27,500,000 units at $10.00 per unit, gross proceeds of $275,000,000
- Each unit includes one Class A ordinary share and one-third of one redeemable warrant, exercisable at $11.50 per share
- Private placement of 825,000 units at $10.00 per unit, for gross proceeds of $8,250,000, including 550,000 units to the sponsor
- $275,000,000 placed in trust with Continental Stock Transfer & Trust Company; $11,000,000 deferred underwriting fee; cash outside trust of $2,382,295 as of July 9, 2026
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 16, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.