GEORGE TOWN, CAYMAN ISLANDS, March 13, 2026 (GLOBE NEWSWIRE) -- Metals Acquisition Corp. II (NYSE:MTAL) (the "Company") today announced the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share.

The units are listed on The New York Stock Exchange ("NYSE") and commenced trading under the ticker symbol "MTAL.U." on March 12, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols "MTAL" and "MTAL WS," respectively.

Concurrently with the closing of the initial public offering, the Company closed on a private placement of an aggregate of 5,066,666 warrants at a price of $1.50 per warrant, resulting in gross proceeds of $7,600,000. MAC Partners LLC, the Company's sponsor, purchased 3,533,333 private placement warrants, Sternship Advisers Pty Ltd. purchased 76,667 private placement warrants, Cohen & Company Capital Markets, a division of ...