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.
Comments