Metals Acquisition Corp. II
metalsacquisition.comMetals Acquisition Corp II (MTAL) is a blank-check special purpose acquisition company that raised capital through an initial public offering to acquire a business in the metals and mining sector. The company generates no operating revenue. It earns interest income on cash held in a trust account while searching for an acquisition target. MTAL completed its IPO on March 13, 2026, selling 23,000,000 Units at $10.00 per Unit, generating gross proceeds of $230,000,000. Simultaneously, the company sold 5,066,666 Private Placement Warrants at $1.50 per warrant, generating an additional $7,600,000 in gross proceeds. As of March 31, 2026, $230,333,883 was held in the Trust Account, including $333,883 of interest income. The company was incorporated in late 2025 and has a 24-month window to complete a business combination. Cohen & Company Capital Markets served as lead book-running manager and Jett Capital Advisors, LLC served as co-manager for the IPO.
Products & Services
Blank-check SPAC vehicle. IPO units consisting of Class A ordinary shares and warrants. Private Placement Warrants sold separately to the Sponsor, Cohen & Company Capital Markets, Jett Capital Advisors, and Sternship Advisers Pty Ltd.
Revenue Model
No operating revenue. Income is limited to interest earned on $230,333,883 held in a Trust Account as of March 31, 2026. Proceeds are reserved for a future business combination or redemption to shareholders.
Customers & Markets
Target end market is the metals and mining sector, based on company name and stated acquisition focus. No operating customers as of March 31, 2026.
Source: SEC 10-Q, filed 2026-05-13
Financial Snapshot
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