5 days ago
MP Materials announces $500M common stock offering
MP Materials (MP) announced that it has commenced a $500M underwritten public offering of its common stock. All shares of common stock to be sold in the offering will be offered by the company. The company currently intends to use the net proceeds from the offering to fund the acceleration and expansion of its operations, including the 10X Facility, for strategic growth opportunities and for general corporate purposes. J.P. Morgan Securities and Goldman Sachs & Co. are acting as lead joint book-running managers of the offering. Morgan Stanley & Co. is also acting as a book-running manager.
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