Each unit offered in the deal includes one share and a warrant for one-third of a share, exercisable at $11.50. Underwriters hold a 45-day window to purchase an additional 3 million units to manage potential over-allotments. The firm plans to trade on the Nasdaq under the ticker symbol MTRL.

Despite the scale of the offering, the company has not yet initiated formal discussions or selected a specific business combination target. Management intends to focus exclusively on the material supply chain sector, though the path to a merger remains entirely open as the firm begins its search for a partner.