M&A
confidence high
sentiment positive
materiality 0.65
Hall Chadwick enters LOI for de-SPAC with REEcycle at ~$600M valuation
Hall Chadwick Acquisition Corp
- Entered non-binding LOI for de-SPAC business combination with REEcycle Holdings, Inc.
- Transaction values REEcycle at ~US$600M, with existing shareholders rolling 100% equity.
- Minimum US$50M PIPE at $10.00/share included; 60-day exclusivity for due diligence.
- REEcycle uses proprietary recycling for rare earth elements; has $5.1M DPA funding.