IPO - MP Materials Corp. / DE

Form Type: 424B5

Filing Date: 2025-07-16

Corporate Action: Ipo

Type: New

Accession Number: 000119312525159973

Filing Summary: MP Materials Corp. is offering shares of common stock, with an aggregate offering price of $500,000,000, as part of a newly filed preliminary prospectus supplement dated July 16, 2025. The common stock is listed on the NYSE under the symbol 'MP', with a last reported sale price of $58.55 per share. The offering includes approximately 8,539,710 shares assuming the public offering price matches the reported share price. The document outlines a public-private partnership with the U.S. Department of Defense, aiming to build a robust domestic rare earth magnet supply chain, highlighted by a $400 million equity investment and additional commitments for expanding production capabilities, such as the construction of a new magnet manufacturing facility and production of samarium. The underwriters have the option to purchase additional shares to cover over-allotments up to $75 million. The risks associated with this investment have been emphasized, urging potential investors to thoroughly review the risks before proceeding with the purchase.