Freedom Metals Acquisition prices $275M IPO on Nasdaq

Freedom Metals Acquisition Corp. priced its initial public offering of 27,500,000 units at $10.00 per unit, raising $275,000,000, according to a press release from the company.

The units are expected to begin trading on the Nasdaq Stock Market under the ticker symbol "FDMMU" on July 8, 2026. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at $11.50 per share. Once the units separate, the Class A ordinary shares and warrants are expected to trade 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 underwriters a 45-day option to purchase up to an additional 4,125,000 units at the IPO price to cover over-allotments.

Freedom Metals Acquisition is a blank check company formed to pursue a merger, share exchange, asset acquisition, or similar business combination. The company states its primary focus will be on target businesses in the mining and critical minerals industry, though it may consider any industry, sector, or geographic region.

The company is led by Chief Executive Officer Peter Finan and Chief Financial Officer Martin Zinny. The board includes Chairwoman Bronwyn Barnes, Dean Callas, Hugh Callaghan, Quinton Hennigh, and Michael Porter.

Cohen & Company Capital Markets and Clear Street LLC are acting as book-running managers for the offering. A registration statement was filed with the U.S. Securities and Exchange Commission and became effective on July 7, 2026.

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