RCF Acquisition registered to offer 20 million units at $10 each. A unit consists of one Class A ordinary share and one-half of a warrant.
The new SPAC will concentrate on businesses of scale across the critical minerals value chain.
Chairman James McClements co-founded mining PE firm Resource Capital Funds in 1998 and has helped to oversee its strategic direction since then.
Citigroup and Barclays are joint book-running managers. The underwriters have an option to purchase up to an additional 3 million units to cover any over-allotments.
The SPAC intends to apply for a listing on the NYSE under RCF.U. Read more.
