Metals Acquisition Corp Prices $250 Million IPO

July 29, 2021

New York and Los Angeles – Paul Hastings LLP, a leading global law firm, announced today that it advised Metals Acquisition Corp, a special-purpose acquisition company, which priced its $250 million initial public offering of 25 million units at $10 per unit. The units are listed on the NYSE under the symbol MTAL.U.

Metals Acquisition Corp was formed for the purpose of effecting a merger, capital share exchange, asset acquisition, stock purchase, reorganization or similar business combination, with a focus on the green-economy and precious metals sector in stable mining jurisdictions. The company is led by CEO and Director Michael (Mick) James McMullen, whose previous roles include serving as CEO of Detour Gold Corporation and Stillwater Mining Company, and Chair Patrice Merrin, the former President and CEO of Luscar Ltd. and COO of Sherritt International. 

Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share.

The Paul Hastings team advising Metals Acquisition Corp was led by Frank Lopez, Jonathan Ko, Max Kirchner and James Shea, and included Elena Burns and Eric Van Wart. Doug Schaaf and Amy Lawrence advised on tax matters.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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