By Katherine Hamilton
Freedom Metals Acquisition filed for an initial public offering.
The special purpose acquisition company said Friday it plans to offer 27.5 million units for $10 apiece.
Each unit will comprise one Class A share and a third of a redeemable warrant, where each whole warrant entitles the holder to buy a share for $11.50.
Freedom Metal's sponsor NLC America SPAC and the underwriters representative Cohen & Co. Capital Markets have committed to buy 825,000 private placement units for $10 each.
The Miami-based company expects proceeds of $258.5 million, accounting for discounts and commissions.
Freedom Metals is focused on acquiring a company within the minerals and mining sector. It is interested in businesses with significant resource infrastructure.
The SPAC is led by Chief Executive Peter Finan, who founded MineMaker, a mining investment platform.
Freedom Metals plans to trade shares on Nasdaq under the ticker FDMM.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
May 15, 2026 18:04 ET (22:04 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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