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MOZAYYX Acquisition Corp.
MOZAYYX Acquisition Corp. is a $230 million SPAC led by Mozes E. Garson targeting a technology, media, or telecom firm.
MOZAYYX Acquisition Corp.
MOZAYYX Acquisition Corp. was formed in 2021 by Chairman and CEO Mozes E. Garson, a former investment banker at Moelis & Company and UBS. The special-purpose acquisition company (SPAC) raised capital to identify and merge with a private operating business, effectively taking it public through a reverse merger. CFO Samuel B. Rubenfeld, a former managing director at J.P. Morgan, oversees the financial operations of the trust that holds the IPO proceeds until a deal is completed. The SPAC's stated focus covers high-growth businesses in technology, media, and telecommunications (TMT) with an enterprise value between $800 million and $1.5 billion. It has 24 months from its August 2022 IPO to complete a merger, placing it in a competitive cohort of blank-check firms formed during the peak SPAC cycle of 2020–2021. MOZAYYX does not operate as a permanent capital vehicle—its mandate terminates if no deal is consummated, at which point funds are returned to public shareholders. The structure includes founder shares issued to the sponsor, Garson's vehicle, which converts to common equity upon a merger. From its IPO, MOZAYYX holds $230 million in trust, a pool that can be supplemented through PIPE financing if a target requires additional capital. The SPAC market in which it operates underwent significant regulatory scrutiny in 2022–2023 from the U.S. Securities and Exchange Commission, which tightened rules on projections and conflicts of interest, changes that affect all active blank-check managers. MOZAYYX has filed quarterly 10-Qs confirming it remains a shell company searching for a target. MOZAYYX's architecture as a SPAC differs structurally from a family office or an enduring asset manager. Its sponsor, Garson, bears the downside if the trust cash is redeemed at a high rate during a merger vote, a dynamic that pressures sponsors to negotiate deals with valuations below the trust value. The sponsor also pledges working capital loans that convert to additional equity only upon deal completion, standard among SPACs to cover operating expenses before a target is identified.
General information
Firm type
Asset Manager
Year founded
2021
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Mozes E. Garson
Chief Executive Officer & Director
Samuel B. Rubenfeld
Chief Financial Officer
Sector focus
Frequently asked questions
What is the timeline for MOZAYYX to complete a merger?
MOZAYYX must complete a business combination by February 2024, which is 18 months from its August 2022 IPO, with the option to extend by up to six additional months if approved by shareholders. If it fails to merge by the deadline, the trust is liquidated and public investors receive their $10.00 per share back. This is per the firm's governing documents filed with the SEC.
What types of companies does MOZAYYX target?
MOZAYYX targets established, high-growth companies in technology, media, and telecommunications (TMT) with enterprise values between $800 million and $1.5 billion. It does not focus on early-stage or pre-revenue ventures, distinguishing it from a standard venture capital portfolio. The firm's SEC filings name enterprise software, digital media, and data infrastructure as specific areas of interest.
Who runs the sponsor entity behind MOZAYYX?
The sponsor is led by Mozes E. Garson, who serves as Chairman and CEO. Garson was previously a senior investment banker at Moelis & Company and UBS, where he advised companies on mergers, acquisitions, and capital raises. CFO Samuel B. Rubenfeld manages the trust's accounting and reporting, drawing on experience as a managing director at J.P. Morgan's investment bank.
What happens to public shareholders if MOZAYYX finds a merger target?
Public shareholders of MOZAYYX have the right to redeem their shares for approximately $10.15 per share, the then-current trust value, regardless of how they vote on the proposed merger. This redemption right, which is standard for U.S.-listed SPACs, means that even if management recommends a deal, investors can opt out and recover their capital. This mechanism is governed by the trust agreement summarized in MOZAYYX's SEC filings.
Does MOZAYYX operate like a family office or investment fund?
No. MOZAYYX is a SPAC. It is a pooled public investment vehicle that raised one-time capital solely to merge with a private company and take it public. It does not manage ongoing discretionary portfolios, does not have limited-partner capital calls, and dissolves if no deal is completed. This is fundamentally different from a family office or a multi-strategy asset manager.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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