M Resources is pleased to announce that the initial public offering (“IPO”) of M Evo Global Acquisition Corp II, a special purpose acquisition company (“M Evo”), closed on February 2, 2026. 30,000,000 units were sold in the IPO at $10,00 per unit raising US$300 million, upsized from the initial proposed offering of 22,500,000 and included the full exercise by the underwriter of its over-allotment option. The units are listed on the Nasdaq Global Market and trade under the ticker symbol “MEVOU”.
Matt Latimore, Founder and President of M Resources, a member of M Evo’s sponsor, Evolution Sponsor Holdings LLC II, said, “We are excited to be a part of M Evo”. Two employees of M Resources serve as directors on the M Evo Board of Directors.
Media Inquiries: Paul Bini +61 408 721 072
About M Evo
M Evo is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While M Evo may pursue an initial business combination in any industry, M Evo intends to concentrate its search on businesses with a focus on those that own, operate, or are developing assets in the critical minerals sector that are fundamental to the economic and national security interests of the United States.
About M Resources:
Headquartered in Brisbane, M Resources is a market leader in the global commodities industry, specialising in steel making raw materials. M Resources is supported by a global network of offices and professionals in Singapore, the UK, the US, Argentina, China, India and Switzerland. Operations extend from key Australian ports Port Kembla, Newcastle, Gladstone, Mackay, and Abbot Point. M Resources also owns a 50% share and management rights in OneRail, a leading rail company operating in NSW and Queensland, a controlling shareholding in underground mining services group Mastermyne Group Limited [ASX:MYE] and investments in several other listed mining companies.
No Offer or Solicitation
This press release is for informational purposes only and shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 the Securities Act of 1933, as amended, or an exemption therefrom.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to M Evo’s search for and/or completion of an initial business combination. No assurance can be given that M Evo will complete an initial business combination. Forward-looking statements are subject to numerous risks, conditions and other uncertainties, many of which are beyond the control of M Evo, including those set forth in the Risk Factors section of M Evo’s registration statement and prospectus for its IPO filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, www.sec.gov. M Evo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
“Forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intends,” “may,” “will,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
