Metals Acquisition Corp. Regains Compliance With NYSE Continued Listing Standards

Rhea-AI Summary

Metals Acquisition Corp. (NYSE: MTAL.U) announced on April 21, 2022, that it has regained compliance with NYSE listing standards, thus being removed from the NYSE 'Watch List.' The company successfully addressed the previous deficiency of having at least 300 public stockholders, complying with Section 802.01B of the NYSE’s Listed Company Manual. The removal of the '.BC' indicator from its symbol signifies this compliance. Metals Acquisition Corp. focuses on green-economy metals and mining businesses in stable jurisdictions.

Positive

• Regained compliance with NYSE listing standards, improving market perception.
• Removal from the 'Watch List' enhances investor confidence.

Negative

• None.

FORT WORTH, Texas--(BUSINESS WIRE)-- Metals Acquisition Corp. (NYSE: MTAL.U) (the “Company”) announced that on April 21, 2022 it had received a notification (the “Notice”) from the New York Stock Exchange (the “NYSE”) that the Company has regained compliance with the NYSE continued listing standards and will be removed from the “Watch List” of the NYSE.

With the Notice, the Company cured the previously disclosed minimum 300 public stockholders deficiency and is now in compliance with Section 802.01B of the NYSE’s Listed Company Manual. Accordingly, the NYSE has removed the “.BC” indicator following the Company’s symbol “MTAL.U”.

About the Company

The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company is led by Mick McMullen (Chief Executive Officer), Jaco Crouse (Chief Financial Officer) and Dan Vujcic (Chief Development Officer). The Company is focused on green-economy metals and mining businesses in high quality, stable jurisdictions.

Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including with respect to the anticipated separate trading of the Company’s Class A ordinary shares and redeemable warrants and the pursuit of an initial business combination. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220425005775/en/

Metals Acquisition Corp.

Mick McMullen

Chief Executive Officer

+1 (817) 698-9901

investors@metalsacqcorp.com

Dan Vujcic

Chief Development Officer

Metals Acquisition Corp.

+44 7825 090950

Source: Metals Acquisition Corp.

FAQ

What does it mean for MTAL that it regained compliance with NYSE standards?

Regaining compliance means MTAL can continue trading on the NYSE without restrictions, enhancing its market credibility.

How did Metals Acquisition Corp. meet NYSE listing requirements?

The company addressed the deficiency of having at least 300 public stockholders, thus complying with NYSE regulations.

What does the removal of the '.BC' indicator signify for MTAL?

The removal of the '.BC' indicator indicates that the company is no longer under review for compliance issues, improving its standing with investors.

When did Metals Acquisition Corp. announce this compliance?

The announcement regarding compliance was made on April 21, 2022.