We advised the underwriters on the SPAC IPO and NYSE listing

Davis Polk advised the underwriter in connection with the initial public offering of 25,000,000 units of Metals Acquisition Corp for aggregate proceeds of $250 million. Each unit consists of one Class A ordinary share and one-third of one warrant to purchase one Class A ordinary share of Metals Acquisition Corp. The units were listed on the New York Stock Exchange under the symbol “MTAL.U.”

Metals Acquisition Corp, sponsored by Green Mountain Metals LLC, is a special purpose acquisition company (SPAC) whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Metals Acquisition Corp intends to focus its search for a target on upstream and/or downstream metals and mining assets/businesses in stable jurisdictions with exposure to green-economy commodities or precious metals.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Alexander K.B. Shimamura and Taeo I. Carse. The tax team included associate Daniel L. Jose. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

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