MOZAYYX Acquisition Corp. reported the successful completion of its initial public offering, selling 30 million units at $10 apiece and raising $300 million in gross proceeds before underwriting discounts and expenses, according to the company's statement.
The underwriting included a partial exercise of the underwriter's over-allotment option, resulting in the sale of an additional 3.9 million units as part of the offering. Trading of the units began on the New York Stock Exchange on February 25, 2026, under the symbol MZYX.U.
Each unit issued in the offering is composed of one Class A ordinary share together with one-quarter of a redeemable warrant. Those quarters combine so that each whole warrant grants its holder the right to acquire one Class A ordinary share at an exercise price of $11.50 per share. The company said it expects the Class A ordinary shares and the warrants to commence separate trading on the NYSE under the tickers MZYX and MZYX.WS, respectively.
MOZAYYX Acquisition Corp. is incorporated under the laws of the Cayman Islands and operates as a blank check company. As described in the company's statement, its purpose is to pursue a business combination - which may take the form of a merger, share exchange, asset acquisition, share purchase, reorganization or similar transaction - with one or more businesses or entities.
Cantor Fitzgerald & Co. served as the sole book-running manager for the offering. The company's registration statement was declared effective by the Securities and Exchange Commission on February 24, 2026, enabling the offering to proceed and the units to begin trading the following day.
Clear details from the company emphasize the structure of the securities sold and the immediate trading timeline. The statement provides the precise composition of the public units, the exercise terms for the resulting warrants, and the corporate form under which the issuer operates.
For market participants and observers of capital markets and corporate finance activity, the transaction records the deployment of capital under the blank-check company model and the use of an underwriter over-allotment option to increase the size of the offering.
Sectors impacted: Financial markets and capital markets activity related to public listings and special purpose acquisition vehicles.