MOZAYYX Acquisition Corp. completed an initial public offering of 26.1 million units, with each unit offered at $10.00, raising total gross proceeds of $261 million. The units started trading on the New York Stock Exchange on February 25, 2026, using the ticker MZYX.U.
Under the structure of the offering, every unit comprises one Class A ordinary share and one-quarter of one redeemable warrant. The company noted that when the components of the unit begin separate trading, the Class A ordinary shares will trade under the symbol MZYX and the warrants will trade under the symbol MZYX.WS.
As part of the underwriting arrangements, MOZAYYX granted the underwriters a 45-day option to purchase up to an additional 3.915 million units at the IPO price to cover potential over-allotments. Cantor Fitzgerald & Co. acted as the sole book-running manager for the deal.
MOZAYYX Acquisition Corp. is organized as a special purpose acquisition company incorporated under the laws of the Cayman Islands. The firm stated that it intends to pursue a business combination with one or more targets, which could take the form of a merger, share exchange, asset acquisition, share purchase, reorganization or a similar business combination.
The Securities and Exchange Commission declared the companys registration statement on Form S-1 effective on February 24, 2026. Legal counsel to the company was provided by Winston & Strawn LLP, while Ellenoff Grossman & Schole LLP served as counsel to Cantor Fitzgerald & Co.
The information in this report is based on a company press release statement.
Offering mechanics and listing notes
- The IPO consisted of 26.1 million units priced at $10.00 each, with gross proceeds of $261 million.
- A 45-day greenshoe allows purchase of up to 3.915 million additional units at the IPO price to cover over-allotments.
- Units began trading on the NYSE on February 25, 2026, as MZYX.U; separate trading symbols for the component securities will be MZYX and MZYX.WS.
Corporate purpose and governance
The company is a Cayman Islands-incorporated SPAC that will seek qualifying business combinations with one or more entities through several possible transaction structures. The registration statement for the offering was declared effective by the SEC on February 24, 2026.
Advisors
Cantor Fitzgerald & Co. served as sole book-running manager. Winston & Strawn LLP represented the company as legal counsel. Ellenoff Grossman & Schole LLP represented the underwriter.