Metals Acquisition Corp. II Announces Commencement of Separate Trading for Class A Shares and Warrants

GEORGE TOWN, CAYMAN ISLANDS, April 8, 2026 – Metals Acquisition Corp. II (NYSE: MTAL) has officially announced a significant milestone following its recent initial public offering (IPO). Starting on or about April 14, 2026, investors who purchased units in the Company’s IPO can elect to separately trade the Class A ordinary shares and warrants that were included in each unit.

Key Points for Investors

• Commencement of Separate Trading: Holders of the 23,000,000 units sold during the IPO, which closed on March 13, 2026, will be allowed to separate their units into individual Class A shares and warrants beginning April 14, 2026.
• New Trading Symbols:
  • Units will continue trading on the NYSE under the ticker “MTAL U”.
  • Class A ordinary shares will trade under “MTAL”.
  • Warrants will trade under “MTAL WS”.
• No Fractional Warrants: Only whole warrants will be issued and tradable. No fractional warrants will be distributed upon separation.
• Action Required by Holders: Investors must contact their brokers, who in turn will coordinate with Continental Stock Transfer & Trust Company (the Company’s transfer agent), to separate the units into individual components.
• Regulatory Compliance: The securities were registered with the U.S. Securities and Exchange Commission (SEC), with the registration statement becoming effective on March 11, 2026.

Potential Price-Sensitive Information for Shareholders

• Liquidity and Trading Dynamics: The ability to trade shares and warrants separately introduces new liquidity and trading opportunities for investors. This can potentially impact the price of both the shares and warrants, as investors adjust their positions to reflect their views on the underlying value and prospects of the Company.
• Warrant Valuation: The separate trading of warrants creates a direct market price for these instruments, which can be a key factor in assessing the Company’s future capital structure and dilution risk.
• SPAC Transaction Progress: Metals Acquisition Corp. II is a Special Purpose Acquisition Company (SPAC) with a focus on natural resources, especially metals and mining businesses in stable jurisdictions. The commencement of separate trading is a standard step in the SPAC process, and may indicate the Company is progressing toward identifying and securing a target business combination. Any future announcements regarding a target could be highly price-sensitive.

About Metals Acquisition Corp. II

Metals Acquisition Corp. II is a blank check company with the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The Company is particularly focused on identifying and acquiring high-potential natural resources assets—especially in the metals and mining sector—within stable global jurisdictions. The management team brings deep operational experience, technical mining knowledge, and a robust network of industry relationships to pursue value-creating transactions, often targeting under-managed or under-funded assets.

Forward-Looking Statements

This announcement includes forward-looking statements, particularly concerning the Company’s search and prospects for a business combination. Such statements are subject to various risks and uncertainties, many of which are outside of the Company’s control. Investors are encouraged to review the “Risk Factors” section in the Company’s registration statement, available on the SEC website.

Contact Information

Mick McMullen
Executive Chair and Director
Metals Acquisition Corp. II
Email: [email protected]

Disclaimer: This article is for informational purposes only and does not constitute investment advice, an offer to sell, or a solicitation of an offer to buy any securities. Investors should conduct their own research and consult with professional advisors before making any investment decisions. The Company undertakes no obligation to update forward-looking statements except as required by law.

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