Hall Chadwick Acquisition agrees to merge with rare earth recycler REEcycle in US$400 million deal
Hall Chadwick Acquisition Corp. Class A
Hall Chadwick Acquisition Corp. Class A HCAC | 0.00 |
- Hall Chadwick Acquisition Corp. agreed to merge with rare earth element recycler REEcycle Holdings, creating Nasdaq-listed REEcycle Inc.
- Deal values REEcycle at US$400 million equity, including US$50 million tied to a 50-metric-ton annualized mixed rare earth oxide run rate.
- Combined company targets at least US$40 million of unrestricted cash at closing; HCAC has about US$207 million held in trust.
- REEcycle is commissioning an Oklahoma demonstration plant targeting 6-8 tonnes of rare earth oxide annually; first commercial facility targets 100 tonnes a year by 2027.
- Consideration to REEcycle equityholders will be paid in shares; earnout of up to 5,000,000 additional shares tied to a commercial production milestone.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hall Chadwick Acquisition Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606011305PRIMZONEFULLFEED9729816) on June 01, 2026, and is solely responsible for the information contained therein.