Crown PropTech Acquisitions

Crown PropTech Acquisitions (CPTK) is a blank-check company (SPAC) that raised $240M in its initial public offering on Feb 10, 2021, listing on New York Stock Exchange. It agreed to combine with Mkango Rare Earths Limited, announced on Jul 2, 2025. The deal has not closed yet. Cantor led the IPO, with Deutsche Bank and Global Securitized Products. Davis Polk advised the SPAC and A&O Shearman advised the underwriters on the IPO.

Mkango Rare Earths Limited is listed on AIM and the TSX Venture Exchange and focuses on recycled rare earth magnets, alloys and oxides through its interest in Maginito and HyProMag. It also owns the Songwe Hill rare earths project in Malawi and the Pulawy separation project in Poland.

Status

Deal announced

Ticker

CPTK

IPO date

Feb 10, 2021

IPO size

$240M

IPO exchange

New York Stock Exchange

Target

Mkango Rare Earths Limited (MKAR)

Target sector

Mining

Announced

Jul 2, 2025

Combined company

Mkango Rare Earths Limited (PubCo)

IPO underwriters

Cantor, Deutsche Bank, Global Securitized Products and Morgan Stanley

SPAC counsel (IPO)

Davis Polk and Maples and Calder

Underwriters' counsel (IPO)

A&O Shearman