Freedom Metals Acquisition Files for IPO

Dow Jones05-16

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)

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