Freedom Metals Acquisition

Where it stands

Searching · next dated event 8 January 2028

charter deadline (our estimate) — not a date on which you can claim cash.

Merging with

No target announced — still searching.

Industry

Metals/Mining

What it set out to buy: Metals/Mining

Deal value

not stated in the filings we hold

Price vs cash floor

$9.85 vs $10.00

$0.15 below the last filed cash held for you; 2.2% below cash against our estimated ~$10.07

Cash left in trust

not yet extracted into a snapshot — the filings below may state it

IPO

8 July 2026

$275M raised · 100.0% of each $10 unit into trust

Headquarters

3250 NE 1ST AVE, STE 305, MIAMI, FL, 33137

registered in the Cayman Islands

Lead underwriter

Cohen & Company Capital Markets

Key officers

Barnes Bronwyn Lesley (Director) · Callas Constantine George (Director) · Zinny Martin Guillermo (Chief Financial Officer)

Listed securities

FDMM common · FDMMU unit $9.96 · FDMM common $9.86

1. No dated redemption election is on file for this name. That is an absence in the record, not proof that the right has gone — but it does mean this page cannot tell you a day to act by.
2. Cash held in trust is $10.00 per share as last filed. That is the figure a redemption pays out at, plus whatever interest the trust earns between the filing and the window.
3. The charter runs to a date no filing we hold states; from the IPO date and the charter term we estimate 8 January 2028. Whenever it falls, if no deal closes by then the trust is returned to holders — a floor of a different kind: it pays out, but you do not choose when, and this one you should read out of the prospectus yourself.

1. 8 July 2026IPOpassed

   $275M raised into trust

• 10-Q21 August 20260001213900-26-092608

  For investors tracking redemption mechanics and deal progress, this filing confirms the trust is fully funded at $10.00 per public share, there is currently no target or substantive deal discussions, and there is no extension mechanism beyond 18 months absent a definitive agreement signed within that window. It also establishes sponsor compensation, service-fee, waiver, and voting commitments that bear on sponsor conduct and future redemption economics.

• 8-K3 August 20260001213900-26-084273

  Decoupling the units expands secondary market liquidity and enables independent pricing of base equity versus leveraged warrant exposure prior to any de-SPAC transaction. The press release, attributed to company management, confirms the firm continues targeting a business combination within the mining and critical minerals industry. It identifies Peter Finan as Chief Executive Officer, Martin Zinny as Chief Financial Officer, and lists the board as Chairwoman Bronwyn Barnes, Dean Callas, Hugh Callaghan, Quinton Hennigh, and Michael Porter. Each whole warrant carries a stated exercise price of $11.50 per share. The filing provides no financial performance data, customer contracts, revenue figures, or deal milestone dates. All statements regarding industry focus, acquisition strategy, and timing expectations are presented as forward-looking assertions by management and are explicitly qualified by standard regulatory disclaimers noting that actual results may differ materially based on assumptions currently available to the company.

• 8-K17 July 20260001213900-26-078884

  This filing permanently sets the public shareholder redemption value at $10.00 per share with $275,000,000 fully funded in the trust account, establishing the baseline for future redemptions or liquidations. It locks the 18-month execution timeline, confirming the January 2028 liquidation deadline. By forfeiting the over-allotment, the sponsor eliminated potential dilution but retained 9,166,667 founder shares, cementing the approximate 25.0% insider ownership ratio outlined in Note 7. The fixed $25,000 monthly administrative draw, combined with the $11,000,000 deferred underwriting commission and the $1,375,000 plus $2,750,000 advisor fees payable upon business combination, defines the pre-deal cash burn trajectory and post-combination capital structure. With zero operations and no active merger targets yet announced, investor outcomes are entirely dependent on sponsor execution speed, the availability of the $1,500,000 working capital line, and compliance with the 18-to-24 month completion window before trust principal is released to cover permitted withdrawals and dissolution expenses.

• 8-K9 July 20260001213900-26-076724

  This filing establishes the SPAC's capital structure for investors: a trust of $275 million ($10.00 per public share), a deadline of 18 months from closing (or 24 months if a definitive agreement is signed within 18 months) to complete a business combination, and a management team focused on mining and critical minerals targets. The filing also details sponsor and insider lock-up agreements, share conversion mechanics, and redemption rights for public shareholders.

• 424B48 July 20260001213900-26-076386

  This filing sets the entire redemption calendar and trust mechanics for FDMM: the deadline clock starts at the IPO closing (delivery expected on or about July 9, 2026), public shareholders can redeem at trust value when a deal or extension is voted on, and the sponsor has waived redemption and liquidation rights on founder shares. It also shows sponsor economics and conduct: sponsor paid only $0.0024 per founder share and is buying private placement units; sponsor affiliate NLC and SV-affiliated advisor Dan Nash receive IPO and deal-closing advisory fees, sponsor gets up to $25,000 per month for administrative services, up to $300,000 of pre-IPO loans are repayable, and up to $1,500,000 of working capital loans may convert into units. The financial statements show no cash, a $125,540 working capital deficit at March 31, 2026, and an auditor going-concern explanatory paragraph, underscoring that completion of this IPO was necessary to fund the SPAC.

• S-1/A1 July 20260001213900-26-074033

  This filing establishes the complete terms of the SPAC's IPO, including trust account size ($275M, $10.00 per public share), warrant coverage (one-third warrant per unit, $11.50 strike price), deadline for business combination (18 months from closing, extendable to 24 months if a definitive agreement is signed within 18 months, with further shareholder-approved extensions possible), redemption rights for public shareholders (subject to a 15% cap on redemptions per holder if a shareholder vote is used), and sponsor/underwriter private placements (825,000 units total at $10.00). The dilution analysis shows significant dilution to public shareholders, especially if high redemption occurs (at 100% redemption, pro forma net tangible book value per share is $(0.93)). Sponsor obtained founder shares at $0.0024 per share, creating potential conflicts. The prospectus discloses that no target discussions have occurred and that the company will focus on critical minerals and mining. The filing is essential for investors to evaluate the SPAC's structure, risks, and sponsor incentives.

• 10-Q21 August 20260001213900-26-092608

  What changed: Quarterly report on Form 10-Q for the quarter ended June 30, 2026, filed August 21, 2026, covering FDMM's pre-IPO formation period and the subsequent July 9, 2026 IPO and trust funding. This is FDMM's first quarterly report as a public shell. It states no Business Combination target has been selected and no substantive discussions with any target have occurred. The July 9, 2026 IPO sold 27,500,000 units at $10.00 per unit, generating gross proceeds of $275,000,000, and $275,000,000 ($10.00 per unit) was deposited in the trust account. The underwriters forfeited the over-allotment option, and 1,375,000 Class B founder shares were surrendered by the sponsor. Simultaneously, 825,000 private placement units were sold for $8,250,000. The report also details transaction costs of $27,539,727, post-IPO cash of $2,382,295, working capital of $2,018,561, and the 18-month Completion Window (24 months if a definitive agreement is signed within 18 months). Why it matters: For investors tracking redemption mechanics and deal progress, this filing confirms the trust is fully funded at $10.00 per public share, there is currently no target or substantive deal discussions, and there is no extension mechanism beyond 18 months absent a definitive agreement signed within that window. It also establishes sponsor compensation, service-fee, waiver, and voting commitments that bear on sponsor conduct and future redemption economics.

• 8-K3 August 20260001213900-26-084273

  What changed: This document is an SEC Form 8-K Current Report containing an attached press release, announcing the commencement of separate trading for the company’s Class A ordinary shares and redeemable warrants. The filing introduces a structural trading mechanic without altering redemption or business combination parameters. Starting August 4, 2026, holders of units issued in the initial public offering may elect to separate each unit into one Class A ordinary share (par value $0.0001 per share) and one-third of one redeemable warrant. The company will not issue fractional warrants upon separation; only whole warrants will trade. Separated Class A ordinary shares and warrants will trade on the Nasdaq Global Market under symbols FDMM and FDMMW, respectively, while uns separated units continue trading as FDMMU. Holders must instruct their brokers to contact transfer agent Continental Stock Transfer & Trust Company to execute the separation. The filing does not amend the stated January 8, 2028 business combination deadline, discloses no changes to the trust account balance or per-share redemption price, and reports no definitive agreement, closing, or material modification to sponsor conduct. The company remains in a SEARCHING status. Why it matters: Decoupling the units expands secondary market liquidity and enables independent pricing of base equity versus leveraged warrant exposure prior to any de-SPAC transaction. The press release, attributed to company management, confirms the firm continues targeting a business combination within the mining and critical minerals industry. It identifies Peter Finan as Chief Executive Officer, Martin Zinny as Chief Financial Officer, and lists the board as Chairwoman Bronwyn Barnes, Dean Callas, Hugh Callaghan, Quinton Hennigh, and Michael Porter. Each whole warrant carries a stated exercise price of $11.50 per share. The filing provides no financial performance data, customer contracts, revenue figures, or deal milestone dates. All statements regarding industry focus, acquisition strategy, and timing expectations are presented as forward-looking assertions by management and are explicitly qualified by standard regulatory disclaimers noting that actual results may differ materially based on assumptions currently available to the company.

• 8-K17 July 20260001213900-26-078884

  What changed: A Form 8-K Current Report (Items 8.01 and 9.01) disclosing the consummation of Freedom Metals Acquisition Corp.'s initial public offering on July 9, 2026, alongside the attachment of its audited balance sheet as of that date. Mechanics: According to the 8-K, the Company sold 27,500,000 public units at $10.00 per unit, generating $275,000,000 in gross proceeds. Simultaneously, the registrant completed a private placement of 825,000 units to the Sponsor (550,000 units), Cohen & Company Capital Markets (261,250 units), and Clear Street LLC (13,750 units) for $8,250,000. The filing states that $275,000,000 was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company. On July 9, 2026, the underwriters forfeited their over-allotment option, prompting the Sponsor to surrender 1,375,000 Class B ordinary shares, leaving 9,166,667 founder shares outstanding. The audited balance sheet discloses $2,382,295 in working capital cash, $11,000,000 in deferred underwriting liabilities, and a shareholders’ deficit of $(8,981,439). Substantive Terms: The Company stated it intends to focus on target businesses in the mining and critical minerals industry, though Note 1 of the financial statements clarifies no specific target has been selected and no substantive discussions have occurred. The registrant established an 18-month completion window from closing, extendable to 24 months if a definitive agreement is executed within 18 months. An administrative services agreement commits $25,000 per month to the Sponsor beginning July 7, 2026. Advisory agreements with Next Layer Capital Markets, LLC and SV Capital Advisors Inc. entitle them to 0.5% ($1,375,000 aggregate less reimbursable expenses up to $75,000) of proceeds immediately, plus 1.0% ($2,750,000 aggregate) at business combination closing. Up to $1,500,000 in non-obligatory working capital loans remains available from insiders, convertible at $10.00 per unit. Why it matters: This filing permanently sets the public shareholder redemption value at $10.00 per share with $275,000,000 fully funded in the trust account, establishing the baseline for future redemptions or liquidations. It locks the 18-month execution timeline, confirming the January 2028 liquidation deadline. By forfeiting the over-allotment, the sponsor eliminated potential dilution but retained 9,166,667 founder shares, cementing the approximate 25.0% insider ownership ratio outlined in Note 7. The fixed $25,000 monthly administrative draw, combined with the $11,000,000 deferred underwriting commission and the $1,375,000 plus $2,750,000 advisor fees payable upon business combination, defines the pre-deal cash burn trajectory and post-combination capital structure. With zero operations and no active merger targets yet announced, investor outcomes are entirely dependent on sponsor execution speed, the availability of the $1,500,000 working capital line, and compliance with the 18-to-24 month completion window before trust principal is released to cover permitted withdrawals and dissolution expenses.

• 8-K9 July 20260001213900-26-076724

  What changed: Form 8-K (Current Report) filed by Freedom Metals Acquisition Corp. to report the closing of its initial public offering. The Company consummated its IPO on July 9, 2026, selling 27,500,000 units at $10.00 per unit for gross proceeds of $275,000,000. Simultaneously, it completed a private placement of 825,000 units to the sponsor and underwriters for $8,250,000. A total of $275,000,000 from the offering and private placement proceeds was deposited into a trust account (including up to $12,650,000 in deferred underwriting discounts). The Company also appointed its initial board of directors and audit/compensation committees, filed its amended and restated memorandum and articles of association, and entered into various definitive agreements (underwriting, warrant, letter, investment management trust, registration rights, private placement, indemnity, administrative services, and advisory agreements). Why it matters: This filing establishes the SPAC's capital structure for investors: a trust of $275 million ($10.00 per public share), a deadline of 18 months from closing (or 24 months if a definitive agreement is signed within 18 months) to complete a business combination, and a management team focused on mining and critical minerals targets. The filing also details sponsor and insider lock-up agreements, share conversion mechanics, and redemption rights for public shareholders.

• 424B48 July 20260001213900-26-076386

  What changed: Final prospectus on Form 424B4 for Freedom Metals Acquisition Corp.'s initial public offering, dated July 7, 2026 and filed July 8, 2026: a blank-check company IPO of 27,500,000 units at $10.00 per unit (plus 4,125,000 over-allotment units), each unit consisting of one Class A ordinary share and one-third of one redeemable warrant. The SPAC has not selected any target and states no substantive discussions have been initiated. This is the IPO prospectus establishing the trust and structural terms; no target or deal progress is disclosed. Gross proceeds of $275,000,000 ($316,250,000 if over-allotment exercised in full) go into a U.S. trust account, $10.00 per unit; sponsor and underwriters buy 825,000 private placement units at $10.00 (907,500 if over-allotment). Founder shares total 10,541,667 Class B shares bought by sponsor for $25,000 ($0.0024 per share), up to 1,375,000 subject to forfeiture. Completion window is 18 months from closing (24 months if a definitive agreement is executed within 18 months), extendable by shareholder vote with redemption rights. Public shareholders get redemption at trust value ($10.00 per share initially, plus interest) in connection with a business combination or extension, with a 15% redemption cap if a shareholder vote is used. Warrants are exercisable at $11.50 per share, 30 days after a business combination. No target has been selected and no substantive discussions have occurred. Why it matters: This filing sets the entire redemption calendar and trust mechanics for FDMM: the deadline clock starts at the IPO closing (delivery expected on or about July 9, 2026), public shareholders can redeem at trust value when a deal or extension is voted on, and the sponsor has waived redemption and liquidation rights on founder shares. It also shows sponsor economics and conduct: sponsor paid only $0.0024 per founder share and is buying private placement units; sponsor affiliate NLC and SV-affiliated advisor Dan Nash receive IPO and deal-closing advisory fees, sponsor gets up to $25,000 per month for administrative services, up to $300,000 of pre-IPO loans are repayable, and up to $1,500,000 of working capital loans may convert into units. The financial statements show no cash, a $125,540 working capital deficit at March 31, 2026, and an auditor going-concern explanatory paragraph, underscoring that completion of this IPO was necessary to fund the SPAC.

At-risk capital: $9.1M — 825,000 private placement units, bought at the IPO and worthless if the company liquidates. This is what the sponsor itself loses if no deal closes. per the prospectus (424B4 0001213900-26-076386)