Advising Freedom Metals Acquisition Corp. on US$275 million Nasdaq IPO

Our corporate team recently acted as Cayman Islands legal counsel to Freedom Metals Acquisition Corp., a special purpose acquisition company, on the successful closing of its US$275 million initial public offering and listing on Nasdaq.

Freedom Metals Acquisition Corp. issued 27,500,000 units at a price of US$10.00 per unit. The units trade on the Nasdaq Global Market under the ticker symbol FDMMU. The offering closed on 9 July 2026, generating proceeds of US$275 million.

Commenting on the transaction, partner Michael Beck said: 'We are pleased to have advised Freedom Metals Acquisition Corp. on its successful Nasdaq listing. This IPO reflects continued investor interest in well-positioned acquisition platforms and highlights the ongoing role Cayman Islands structures play in cross-border capital markets transactions.'

The offering was led by Cohen & Company Capital Markets as lead book-running manager and Clear Street as joint book runner. Reed Smith LLP acted as US legal counsel to the issuer.

The Walkers team advising on the transaction was led by partners Andrew Barker and Michael Beck, with support from associate Chantal Martin.