Freedom Metals Acquisition Corp. has closed its initial public offering of 27,500,000 units at $10.00 per unit, resulting in gross proceeds of $275,000,000. The units began trading on July 8, 2026, on The Nasdaq Global Market under the ticker symbol "FDMMU." Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant entitling the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share.

Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "FDMM" and "FDMMW," respectively. No fractional warrants will be issued upon separation of the units, and only whole warrants will trade.

Freedom Metals Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. While the company may pursue opportunities in any industry, its primary focus will be on target businesses in the mining and critical minerals industry.

The company's management team is led by Peter Finan, its Chief Executive Officer, and Martin Zinny, its Chief Financial Officer. The Board includes Bronwyn Barnes (Chairwoman), Dean Callas, Hugh Callaghan, Quinton Hennigh, and Michael Porter. Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, and Clear Street LLC acted as book-running managers for the offering.

Key Offering Details

A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission on July 7, 2026. The offering was made only by means of a prospectus.