Material Resource Acquisition Corp. Files for $200M IPO

Dow Jones06:40
 

Material Resource Acquisition Corp. is seeking to raise $200 million in an initial public offering.

The blank-check company plans to sell 20 million units for $10 each, with each unit containing one share and one-third of a warrant to buy an additional share at $11.50, according to a Monday filing with the Securities and Exchange Commission.

Underwriters for the IPO will have a 45-day option to buy an additional 3 million units to cover any over-allotments.

The company said it has not selected or begun discussions with any potential business combination target. It plans to focus on companies in the global material supply chain, according to its filing.

It expects to list shares on Nasdaq under the symbol MTRL.

 

Write to Elias Schisgall at elias.schisgall@wsj.com

 

(END) Dow Jones Newswires

July 13, 2026 18:40 ET (22:40 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