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MP Materials Corp. / DE

Completed deSPAC · 1 SPAC · 1 closed · 0 announced

Fortress Value Acquisition Corp (NASDAQ: FVAC), sponsored by Fortress Investment Group, announced its business combination with MP Materials Corp. in November 2020, targeting the industrial and materials manufacturing sector. The SPAC, which went public in 2020, paired with MP Materials, the owner and operator of the Mountain Pass rare earth mining and processing facility in California — the only integrated rare earth mining and processing site of scale in the Western Hemisphere. The transaction has since closed, and MP Materials now trades on the New York Stock Exchange under the ticker MP. Sign up at SpacDesk for full data on FVAC and hundreds of other completed SPAC transactions.

Announced
2020-11-17
Closed
2020-11-23
PIPE Raised
$100–250M
Industry
Industrial / Manufacturing

SPAC Counterparty (1)

SymbolIssuerStatusAnnouncedCloseIPO SizePIPESponsor
FVACFortress Value Acquisition CorpClosed2020-11-172020-11-23$345.0M$205.0MFortress