S-4 Filing

MP MATERIALS CORP. / DE CIK: 1801368

Filing Information

Form Type	S-4
Accession Number	`0001193125-20-231672`
Period End Date	20200630
Filing Date	20200827
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	fvac-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 23 Income Statement 11 Cash Flow Statement 27 Stockholders Equity 14

Balance Sheet 23 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par value (in usd per share)	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$0.00	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$1.43M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$450.71K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.88M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$345.04M	USD	Point-in-time
Total Assets	`Assets`	$346.92M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$984.83K	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayableCurrent`	$86.81K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.07M	USD	Point-in-time
Deferred underwriting commissions	`DeferredUnderwritingCommissions`	$12.07M	USD	Point-in-time
Deferred underwriting commissions	`DeferredUnderwritingCommissions`	$12.10M	USD	Point-in-time
Total Liabilities	`Liabilities`	$13.15M	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-321.84K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$19.50K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	-	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$346.92M	USD	Point-in-time

Income Statement 11 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$271.90K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$266.40K	USD	1 Quarter
Franchise tax expense	`FranchiseTaxExpense`	$86.81K	USD	1 Quarter
Franchise tax expense	`FranchiseTaxExpense`	$86.81K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-358.72K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-353.22K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$36.88K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$36.88K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-321.84K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-316.34K	USD	1 Quarter

Cash Flow Statement 27 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-321.84K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-316.34K	USD	1 Quarter
Interest income from investments held in Trust Account	`InvestmentIncomeInterest`	$36.88K	USD	1 Quarter
Interest income from investments held in Trust Account	`InvestmentIncomeInterest`	$36.88K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$450.71K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$333.64K	USD	2 Qtrs
Franchise tax payable	`IncreaseDecreaseInFranchiseTaxPayable`	$86.81K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-388.97K	USD	2 Qtrs
Cash deposited in Trust Account	`PaymentsForProceedsFromInvestments`	$345.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-345.00M	USD	2 Qtrs
Proceeds from issuance of Class F common stock to the Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	2 Qtrs
Proceeds received under loan from the Sponsor	`ProceedsFromRelatedPartyDebt`	$211.38K	USD	2 Qtrs
Repayment of loan from the Sponsor	`RepaymentsOfRelatedPartyDebt`	$211.38K	USD	2 Qtrs
Proceeds received from initial public offering, net of underwriting commission	`ProceedsFromIssuanceInitialPublicOfferingNetOfUnderwritingCommission`	$338.10M	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$205.88K	USD	2 Qtrs
Proceeds received from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	$8.90M	USD	Point-in-time
Proceeds received from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	$8.90M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$346.82M	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.43M	USD	2 Qtrs
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.43M	USD	Point-in-time
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.43M	USD	Point-in-time
Cash - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Offering costs included in accounts payable and accrued expenses	`OfferingCostsAccountsPayableAndAccuredExpensesNoncash`	$651.19K	USD	2 Qtrs
Deferred underwriting commissions in connection with the initial public offering	`DeferredOfferingCostsNoncashFinancingActivities`	$12.07M	USD	2 Qtrs
Value of Class A common stock subject to possible redemption	`StockIssued1`	$328.77M	USD	2 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$19.50K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	-	USD	Point-in-time
Issuance of Class F common stock to the Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Issuance of Class F common stock to the Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	Point-in-time
Sale of units in initial public offering, net of offering costs	`SaleOfUnitsInInitialPublicOfferingNetOfOfferingCostsParValue`	$325.17M	USD	1 Quarter
Sale of private placement warrants to the Sponsor	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$8.90M	USD	1 Quarter
Class A common stock subject to possible redemption	`ReclassificationsOfTemporaryToPermanentEquity`	$-328.77M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-321.84K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-316.34K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$19.50K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	-	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.