Why choose a SPAC over a traditional IPO?
Ranjeet Sundher explains why Tactical Resources selected the SPAC path to go public in the U.S. With MP Materials serving as a successful template for rare earth production via DESPAC, Tactical aims to become the second producing rare earth company in the U.S. He also shares why partnering with the Plum team made strategic sense after nearly a year of collaboration on structure and financing.
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Michael J. Blankenship is a licensed attorney and is a partner at Winston & Strawn LLP. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is intended for informational and educational purposes only and should not be interpreted as legal, financial, or compliance advice. The views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the official policies or positions of any regulatory agency, law firm, employer, or organization.
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Michael Blankenship: You're going public via spac and you know, what made you make that decision over, you know, traditional IPO and, and, and and how was the partnership with the Plump team? Uh, going, we just decided to go public in the us We decided to go via spac. There's only one producing rare Earth production mine in the USA that is MP materials.
Ranjeet Sundher: Coincidentally. MP materials was probably the most successful SPAC in the last 10 years. Uh, so that was the template. We, we were using D SPAC for a rare earth production company on the nasdaq. We intend on being the second company producing awareness in the us. Plum was an ideal partner. We've spent better part of the last year working with their executives on the listing, the financing, the structure, and they really get it.
So it's a wonderful partnership.