Quarterly ResultMay 13, 2026, 04:22 PM
Metals Acquisition Corp. II Q1 Net Income $177K; Trust Cash $230.3M
AI Summary
Metals Acquisition Corp. II, a blank check company, reported a net income of $177,312 for the three months ended March 31, 2026. This income primarily resulted from interest earned on the cash held in its Trust Account. The company completed its Initial Public Offering on March 13, 2026, raising $230 million, and as of March 31, 2026, held $230,333,883 in the Trust Account.
Key Highlights
- Net income for the three months ended March 31, 2026, was $177,312.
- Cash held in Trust Account as of March 31, 2026, totaled $230,333,883.
- Total Assets as of March 31, 2026, were $232,670,545, up from $132,072 at December 31, 2025.
- Total Liabilities as of March 31, 2026, were $9,371,622, including $9,200,000 in deferred underwriting fees.
- The Initial Public Offering on March 13, 2026, generated gross proceeds of $230,000,000.
- Sale of Private Placement Warrants generated gross proceeds of $7,600,000.
- Basic net income per Class A redeemable ordinary share was $0.02.
- Diluted net income per Class A redeemable ordinary share was $0.01.