MP Materials Corp. has announced the pricing of an upsized public offering, raising approximately $650 million through the sale of 11,818,181 shares of common stock at $55.00 per share. A shelf registration statement for the securities was filed with the SEC and became effective on February 28, 2025. A preliminary prospectus supplement has been filed, with a final prospectus to follow. The proceeds are intended to accelerate and expand operations, including the development of the 10X Facility, and support strategic growth and general corporate purposes. The offering is led by J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC, and is expected to close on July 18, 2025, pending customary conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MP Materials Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-161255), on July 18, 2025, and is solely responsible for the information contained therein.
