MP Materials Corp. (MP) has launched a $500 million underwritten public offering of its common stock. The offering is subject to market and other conditions, with no guarantee on completion, size, or terms.
The company plans to use the net proceeds to accelerate and expand operations, including the 10X Facility, and support strategic growth and general corporate purposes.
J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are leading the offering as joint book-running managers, with Morgan Stanley & Co. LLC also serving as a book-running manager.
