Fortress Value Acquisition Corp. (NYSE:FVAC) announced in an 8-K filing that its shareholders approved its business combination with rare earth minerals-miner MP Materials in a vote on November 13.
All measures on the ballot at the special meeting passed by wide margins, and the vote was the final hurdle for Fortress Value to complete the transaction.
Fortress Value did not release redemption figures in the filing, but it faced low redemption risk heading into the vote. The MP Materials deal has been consistently appreciated by the market and Fortress Value opened trading ahead of the vote at $14.13. With an estimated $10.00 pro rata in its trust account, it is unlikely many investors opted for cash in hand.
It announced its $1.5 billion combination with MP Materials on July 15. The Nevada-based mining company holds about 15% of the world’s available supply of neodymium-praseodymium, which is a critical ingredient in motors for electric vehicles, wind turbines and other robotics.
To see full results of the shareholder vote, click here.


McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...
Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....