Overview
M EVO GLOBAL ACQUISITION CORP II closed its initial public offering on February 2, 2026, raising $300 million through the sale of 30 million units priced at $10 per unit. The offering included 3 million additional units issued under the full exercise of the underwriters' over-allotment option.
Trading and structure
The units began trading on NASDAQ under the ticker symbol "MEVOU" on January 30, 2026. Each offered unit comprises one Class A ordinary share and one-half of a redeemable warrant. Holders of the warrants have the right to purchase Class A ordinary shares at an exercise price of $11.50 per share if they choose to exercise.
The company has stated that, once the components trade separately, the Class A ordinary shares are expected to carry the symbol "MEVOX" and the warrants the symbol "MEVOW".
Management and strategy
M EVO GLOBAL ACQUISITION CORP II operates as a special purpose acquisition company. Leadership includes Stephen Silver as Chairman and Chief Executive Officer and Ashley Zumwalt-Forbes as Chief Operations Officer. The firm has announced a strategic focus on pursuing business combinations with targets in the critical minerals sector that it says support U.S. economic and national security interests.
Underwriting and regulatory status
Cohen and Company Capital Markets, a division of Cohen & Company Securities, served as the book-running manager and lead underwriter for the offering. The Securities and Exchange Commission declared the company's registration statement effective on January 29, 2026.
Key takeaways
- The IPO raised $300 million via 30 million units at $10 per unit, including 3 million units from the underwriters' over-allotment option.
- Units began trading as MEVOU on NASDAQ on January 30, 2026; separate trading of Class A shares and warrants is expected under MEVOX and MEVOW.
- The sponsor intends to target critical minerals-related business combinations, with company leadership led by Stephen Silver and Ashley Zumwalt-Forbes.
Context and implications
The capital raised provides a cash pool for M EVO GLOBAL ACQUISITION CORP II to pursue mergers or acquisitions in the stated sector. The unit structure - pairing Class A shares with fractional warrants exercisable at $11.50 per share - is consistent with common SPAC offering mechanics and sets the potential future dilution and exercise thresholds for public investors.
Risks and uncertainties
- There is uncertainty inherent in the SPAC structure around whether and when a qualifying business combination will be completed; the funds raised are intended to support pursuit of such a combination in the critical minerals sector.
- Investors holding warrants face exercise risk tied to the $11.50 strike price; holders must decide whether exercising will be economically sensible if and when combination terms are announced.
- Timing and terms of any eventual separation of units into individually traded Class A shares and warrants are subject to market and regulatory processes, and the company has only indicated expected ticker symbols for those securities.