Hall Chadwick to De-SPAC REEcycle at $600M Value

Hall Chadwick Acquisition Corp. has executed a non-binding letter of intent with REEcycle Holdings for a proposed de-SPAC business combination. The transaction values REEcycle at approximately US$600 million assuming no redemptions by Hall Chadwick’s public shareholders.

REEcycle’s existing shareholders are expected to roll 100% of their equity into the combined publicly listed entity. The proposed deal also includes a minimum US$50 million PIPE financing at US$10.00 per share to provide committed capital at closing.

The LOI comes as REEcycle advances domestic rare earth processing capabilities, supported by US$5.1 million of Defense Production Act funding, and it is developing a recycling process to extract and separate rare earth elements from end-of-life electronics and industrial products.