Mergers & Acquisitions ·
Hall Chadwick secures $2.1M PIPE investment for proposed merger with REEcycle Holdings
HCACHall Chadwick Acquisition Corp
Hall Chadwick Acquisition Corp. entered into binding subscription agreements on September 30, 2026, for a $2.1 million PIPE investment in connection with its proposed business combination with REEcycle Holdings, Inc. The agreement involves the purchase of 210,000 shares at $10.00 per share by entities controlled or managed by Michael McMullen, Richard Albarran, and Drew Townsend. This initial funding is conditional upon the closing of the merger. On October 1, 2026, the company filed a Form S-4 registration statement with the SEC, which includes a preliminary proxy statement for shareholder approval. The combined entity will operate in the rare earth recycling industry, focusing on recovering neodymium and praseodymium from end-of-life magnets to support domestic supply chains.