Monitor for a business combination target announcement. The SPAC has 18-24 months to complete a deal; any definitive agreement or letter of intent will be a key catalyst. Track redemptions at the time of the business combination vote.
Price Chart
Executive Summary
Freedom Metals Acquisition Corp. (FDMM) completed its initial public offering of 27,500,000 units at $10.00 per unit, raising $275,000,000 in gross proceeds, with an additional $8,250,000 from a simultaneous private placement. The total $275,000,000 has been placed in a trust account. The SPAC intends to focus on mining and critical minerals targets and has 18-24 months to complete a business combination.
Key Facts
- IPO of 27,500,000 units at $10.00/unit, gross proceeds $275,000,000
- Private placement of 825,000 units at $10.00/unit, gross proceeds $8,250,000
- Total $275,000,000 deposited in trust account ($10.00 per public share)
- Focus on mining and critical minerals industry
- 18-month completion window (24 months if definitive agreement signed within 18 months)
- Underwriters forfeited over-allotment option; 1,375,000 founder shares surrendered
Financial Impact
IPO raised $275M in trust; transaction costs of $17,592,906; working capital of $2,018,561 as of July 9, 2026
Risk Factors
- Failure to identify or complete a business combination within the completion window
- Significant redemptions reducing trust account per-share value
- Geopolitical and market volatility affecting target search in mining/critical minerals
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-078884 |
| Document: ea0298070-8k_freedom.htm | 0001213900-26-078884 |
| Document: 0001213900-26-078884-index-headers.html | 0001213900-26-078884 |
| Document: 0001213900-26-078884-index.html | 0001213900-26-078884 |
| Document: 0001213900-26-078884.txt | 0001213900-26-078884 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 3, 2026 12w ago | 8-K | — | awaiting T+20 | — | — |
Jul 16, 2026 14w ago | 8-K | — | awaiting T+20 | — | — |
Jul 8, 2026 15w ago | EFFECT | — | awaiting T+20 | — | — |
Jul 7, 2026 16w ago | 3 | — | awaiting T+20 | — | — |
Jul 7, 2026 16w ago | 3 | — | awaiting T+20 | — | — |
Jul 1, 2026 16w ago | S-1/A | — | awaiting T+20 | — | — |
US Market Status
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