FOLLOW US

Shares of M-EVO Global Acquisition Corp II began trading Friday after the blank-check company sealed an upsized M EVO $270M IPO, raising $270 million by selling 27 million units at $10 apiece, the company announced.

The debut marks a step up from its original December filing, when the special purpose acquisition company said it aimed to raise $225 million. Instead, investor appetite swelled, pushing the offering higher as it entered the Nasdaq Global Market under the ticker symbol MEVOU.

Structure of the Offering

Each unit includes one Class A ordinary share and one-half of a redeemable warrant. A full warrant allows its holder to purchase one Class A ordinary share at an exercise price of $11.50, according to the company’s statement.

Once the securities separate, the Class A shares are expected to trade under the symbol MEVOX, while the warrants will trade as MEVOW.

The transaction is slated to close Feb. 2, pending customary closing conditions.

Focus on Critical Minerals

Formed as a SPAC, M-EVO was created to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. Its compass is pointed squarely at the critical minerals sector — industries described as essential to U.S. economic strength and national security.

At the helm are Chair and Chief Executive Officer Stephen Silver and board member and Chief Operating Officer Ashley Zumwalt-Forbes.

Legal and Underwriting Teams

Cohen & Company Capital Markets, a division of Cohen & Company Securities, is serving as book-running manager and lead underwriter.

Loeb & Loeb LLP represents the company. Its team is led by Mitchell S. Nussbaum, David J. Levine and Julia Aryeh.

Greenberg Traurig LLP is advising the underwriter, with a team led by Alan I. Annex, Jason T. Simon, Tricia Branker and Adam S. Namoury.

Maples and Calder (HongKong) LLP is handling Cayman Islands legal matters, where the SPAC is incorporated. The firm’s team is led by Matthew Roberts.

With the M EVO $270M IPO, the company joins a crowded SPAC landscape, but its focus on critical minerals — the building blocks of everything from batteries to defense systems — positions it at the crossroads of commerce and national strategy.