Hall Chadwick Acquisition Corp. and REEcycle Unveil Proposed Board Featuring Former Senior U.S. Intelligence and Energy Officials to Advance America’s Rare Earth Supply Chain
Key Highlights
- ➤Combined company board planned with seven directors, five expected independent
- ➤US$400 million equity consideration includes US$350 million base plus US$50 million contingent
- ➤US$40 million minimum cash condition required for transaction closing
- ➤Combined company expected to trade Nasdaq under proposed ticker “REC”
Expert Statements
Alex Bono, Chief Executive Officer of Hall Chadwick Acquisition Corp.
“Members of this board and management team have experience taking resource companies public and building them. Pairing that with first-hand experience of U.S. energy and national-security policy is, in our view, what a strategic domestic supplier of rare earths needs,”
Michael “Mick” McMullen, Executive Chairman of REEcycle
“Our nominees bring operating discipline, governance experience and U.S. government insight that we believe will support REEcycle’s goal of becoming a leader in rare earth recycling and processing in the United States and among its allies,”
DUNCAN, Okla., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Hall Chadwick Acquisition Corp. (Nasdaq: HCAC, HCACU, HCACR) (“HCAC”) and REEcycle Holdings, Inc. (“REEcycle”), a U.S.-based rare earth recycling company, today announced the proposed Board of Directors of REEcycle, Inc. (the “Combined Company”) in connection with the proposed business combination between HCAC and REEcycle, bringing together senior U.S. national-security and energy-policy experience with mining, industrial and capital-markets leadership experience.
The proposed appointments come as the United States intensifies efforts to secure domestic supplies of rare earth elements essential to advanced defense systems, aerospace, robotics, electric vehicles and next-generation technologies. REEcycle is developing a U.S.-based rare earth recycling platform designed to recover strategically important materials from end-of-life permanent magnets, supporting the development of a more resilient domestic supply chain.
Get started
Create a free account to read the full story.