MP Materials prices upsized $650M public offering of 11.8M shares at $55/share

MP Materials Corp. / DE

11,818,181 shares sold at $55.00 each; over-allotment of 1,772,727 shares exercised in full.
Gross proceeds ~$650M; net proceeds expected ~$724.2M after underwriting discounts.
Net proceeds to fund acceleration and expansion of operations, including the 10X Facility.
Offering led by J.P. Morgan, Goldman Sachs, and Morgan Stanley; closed July 18, 2025.
Company intends to use funds for strategic growth opportunities and general corporate purposes.

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