M&A/Shareholder vote/2026/Crown PropTech Acquisitions

Crown PropTech Acquisitions CPTK

Mkango Rare Earths Limited is buying Crown PropTech Acquisitions (CPTK), paying holders in stock, a deal worth $400M. Mkango Rare Earths Limited is backed by Mkango Magnetic Materials Limited. Crown PropTech Acquisitions is a special purpose acquisition company (SPAC) with no current business operations seeking to complete a business combination.

Holders get
Stock
one Company Share
Deal value
$400M
Expected close
Not given
Status
Pending
Checked
See the filing →

Filed

The deal

Mkango Rare Earths Limited will acquire Crown PropTech Acquisitions, a special purpose acquisition company with no current business operations seeking a business combination. Each holder will receive one Company Share per share.

The deal is expected to close November 25, 2026, subject to Nasdaq listing of Company Shares, approval of Business Combination Proposal, approval of Merger Proposal, and Minimum Cash Condition.

What has happened

Agreement signed · See the filing
Terms changed · See the filing
Terms changed · Amendment No. 2 to Business Combination Agreement amended the Exchange Ratio, share issuances, and added a debt-to-equity exchange condition to the Closing. · See the filing
Terms changed · See the filing
Holders sent the terms and a meeting date
Regulators cleared the deal · See the filing

What must happen first

Nasdaq listing of Company Shares
approval of Business Combination Proposal
approval of Merger Proposal
Minimum Cash Condition

The board says

The CPTK Board recommends that you vote FOR each proposal