Metals Acquisition Corp. II filed its first 10-Q. The blank check company reported no revenue and no identified target.
$230 million gross proceeds from the March 13 IPO of 23,000,000 units plus $7.6 million from 5,066,666 private placement warrants funded the trust. Over-allotment exercised in full.
At June 30 the trust held $232,411,975 in cash and marketable securities, equal to $10.10 per Class A share subject to redemption. Interest earned totaled $2,411,975 for the six months.
Net income was $1,751,145 for the three months and $1,928,457 for the six months ended June 30. General and administrative expenses were $483,518 year-to-date.
23,000,000 Class A shares remain subject to possible redemption. 7,666,667 Class B shares are outstanding. Cash outside trust stood at $1,889,425.
Deferred underwriting fee payable is $9.2 million. No business combination agreement or outside date is referenced.
Pulse Impact
- Previous Pulse: 51
- New Pulse: 50
- Change: –1
- Driver: 10-Q read as a slower or weaker beat, so Pulse fell.
Metals Acquisition Corp. II Form 10-Q (2026-08-12)
Not investment advice. Facts taken from the company’s Form 10-Q.