Metals Acquisition in a regulatory filing said its sponsor Green Mountain Metals converted a $1.2 million loan to the SPAC into 800,000 private placement warrants. Each warrant can be redeemed for $11.50 to purchase a share.
The SPAC in March announced a definitive sale and purchase agreement with Glencore to acquire the CSA copper mine in Australia for $1.1 billion. The purchase price implies a 4.5x multiple of 2022 EBITDA. Read more.
