SPAC AMR Resources Acquisition Corp. Files for IPO

Dow Jones06-27
 

AMR Resources Acquisition Corp. has filed for an initial public offering.

The special-purpose acquisition company said it will sell 25 million units at $10 apiece, according to a filing with the Securities and Exchange Commission on Friday.

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. A whole warrant is redeemable for one Class A ordinary share at a price of $11.50 apiece.

The company has also granted underwriters a 45-day option to purchase up to an additional 3.8 million units to cover over-allotments. BTIG is listed as the offering's underwriter.

The company said it will receive gross proceeds of about $256.9 million from the offering, or about $295.1 million if the over-allotment option is exercised. Both figures include proceeds from a private placement.

The Cayman Islands blank-check company expects to focus on acquiring businesses that own, operate or are developing assets in the critical minerals industry. It expects to target companies working to explore, process, produce, refine or recycle minerals essential to national defense, clean energy initiatives and advanced manufacturing, it said.

The company intends to apply to have its units listed on the Nasdaq under the ticker AMACU. Once the securities comprising the units begin separate trading, the company expects that the Class A ordinary shares and warrants will be listed under the symbols AMAC and AMACW, respectively.

 

Write to Kelly Cloonan at kelly.cloonan@wsj.com

 

(END) Dow Jones Newswires

June 26, 2026 17:41 ET (21:41 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment