SEC Filing Document

Company: Freedom Metals Acquisition Corp.
Ticker: 
CIK: 2129659
Filing Type: S-1
Document Type: EX-3.1
Date Filed: 2026-05-15
Accession Number: 0001213900-26-057976
Exchange: 
SIC Code: 
SIC Description: 
URL: https://www.sec.gov/Archives/edgar/data/2129659/000121390026057976/ea028864801ex3-1.htm

Chunk 2 of 11
Word Count: 1448
Character Count: 8308

Document Content:

outstanding Class B Shares shall automatically be converted into such number of Class A Shares as is equal to, on an as-converted basis, 20% of the sum of: (a) the total number of Class A Shares and Class B Shares in issue at the time of the IPO (including pursuant to an over-allotment option granted to an underwriter of the IPO), plus (b) the total number of Class A Shares issued or deemed issued, or issuable upon the conversion or exercise of any equity-linked securities issued or deemed issued, by the Company in connection with or in relation to the consummation of the initial Business Combination, excluding (x) any Class A Shares or equity-linked securities exercisable for or convertible into Class A Shares issued, or to be issued, to any seller in the initial Business Combination and (y) any private placement warrants issued to the Sponsor. Auth Code: G71083204691 www.verify.gov.ky

13.	Notwithstanding anything to the contrary contained herein in no event shall the
Class B Shares convert into Class A Shares at a ratio that is less than one-for-one.

14.	References in Articles 12 to Article 16 to “converted”, “conversion”
or “exchange” shall mean the compulsory redemption without notice of Class B Shares of any Member and, on behalf of such Members,
automatic application of such redemption proceeds in paying for such new Class A Shares into which the Class B Shares have been converted
or exchanged at a price per Class B Share necessary to give effect to a conversion or exchange calculated on the basis that the Class
A Shares to be issued as part of the conversion or exchange will be issued at par. The Class A Shares to be issued on an exchange or conversion
shall be registered in the name of such Member or in such name as the Member may direct.

15.	Each Class B Share shall convert into its pro rata number of Class A Shares as
set forth in this Article 15. The pro rata share for each holder of Class B Shares will be determined as follows: Each Class B Ordinary
Share shall convert into such number of Class A Shares as is equal to the product of 1 multiplied by a fraction, the numerator of which
shall be the total number of Class A Shares into which all of the issued and outstanding Class B Shares shall be converted pursuant to
this Article 15 and the denominator of which shall be the total number of issued and outstanding Class B Shares at the time of conversion.

16.	The Directors may effect such conversion in any manner available under applicable
law, including redeeming or repurchasing the relevant Class B Shares and applying the proceeds thereof towards payment for the new Class
A Shares. For purposes of the repurchase or redemption, the Directors may, subject to the Company being able to pay its debts in the ordinary
course of business, make payments out of amounts standing to the credit of the Company’s share premium account or out of its capital.

MODIFICATION OF RIGHTS

17.	Whenever the capital of the Company is divided into different Classes (and as
otherwise determined by the Directors) the rights attached to any such Class may, subject to any rights or restrictions for the time being
attached to any Class only be materially adversely varied or abrogated with the consent in writing of the holders of not less than two-thirds
of the issued Shares of the relevant Class, or with the sanction of a resolution passed at a separate meeting of the holders of the Shares
of such Class by a majority of two-thirds of the votes cast at such a meeting. To every such separate meeting all the provisions of these
Articles relating to general meetings of the Company or to the proceedings thereat shall, mutatis
mutandis , apply, except that the necessary quorum shall be one or more Persons at least holding or representing by proxy one-third in nominal or par value amount of the issued Shares of the relevant Class (but so that if at any adjourned meeting of such holders
a quorum as above defined is not present, those Shareholders who are present shall form a quorum) and that, subject to any rights or restrictions
for the time being attached to the Shares of that Class, every Shareholder of the Class shall on a poll have one vote for each Share of
the Class held by them. For the purposes of this Article the Directors may treat all the Classes or any two or more Classes as forming
one Class if they consider that all such Classes would be affected in the same way by the proposals under consideration ,
but in any other case shall treat them as separate Classes. The Directors may vary the rights attaching to any Class without the consent
or approval of Shareholders provided that the rights will not, in the determination of the Directors, be materially adversely varied or
abrogated by such action.

Auth Code: G71083204691
www.verify.gov.ky

18.	The rights conferred upon the holders of the Shares of any Class issued with preferred
or other rights shall not, subject to any rights or restrictions for the time being attached to the Shares of that Class, be deemed to
be materially adversely varied or abrogated by, inter alia , the
creation, allotment or issue of further Shares ranking pari passu with
or subsequent to them or the Shares with preferred rights or the redemption or purchase of any Shares of any Class by the Company.

CERTIFICATES

19.	No Person shall be entitled to a certificate for any or all of their Shares, unless
the Directors shall determine otherwise.

FRACTIONAL SHARES

20.	The Directors may issue fractions of a Share and, if so issued, a fraction of
a Share shall be subject to and carry the corresponding fraction of liabilities (whether with respect to nominal or par value, premium,
contributions, calls or otherwise), limitations, preferences, privileges, qualifications, restrictions, rights (including, without prejudice
to the generality of the foregoing, voting and participation rights) and other attributes of a whole Share. If more than one fraction
of a Share of the same Class is issued to or acquired by the same Shareholder such fractions shall be accumulated.

LIEN

21.	The Company has a first and paramount lien on every Share (whether or not fully
paid) for all amounts (whether presently payable or not) payable at a fixed time or called in respect of that Share. The Company also
has a first and paramount lien on every Share (whether or not fully paid) registered in the name of a Person indebted or under liability
to the Company (whether they are the sole registered holder of a Share or one of two or more joint holders) for all amounts owing by them
or their estate to the Company (whether or not presently payable). The Directors may at any time declare a Share to be wholly or in part
exempt from the provisions of this Article. The Company’s lien on a Share extends to any amount payable in respect of it.

22.	The Company may sell, in such manner as the Directors may determine, any Share
on which the Company has a lien, but no sale shall be made unless an amount in respect of which the lien exists is presently payable nor
until the expiration of 14 days after a notice in writing, demanding payment of such part of the amount in respect
of which the lien exists as is presently payable, has been given to the registered holder for the time being of the Share, or the Persons
entitled thereto by reason of their death or bankruptcy.

Auth Code: G71083204691
www.verify.gov.ky

23.	For giving effect to any such sale the Directors may authorise some Person to transfer
the Shares sold to the purchaser thereof. The purchaser shall be registered as the holder of the Shares comprised in any such transfer
and they shall not be bound to see to the application of the purchase money, nor shall their title to the Shares be affected by any irregularity
or invalidity in the proceedings in reference to the sale.

24.	The proceeds of the sale after deduction of expenses, fees and commission incurred
by the Company shall be received by the Company and applied in payment of such part of the amount in respect of which the lien exists
as is presently payable, and the residue shall (subject to a like lien for sums not presently payable as existed upon the Shares prior
to the sale) be paid to the Person entitled to the Shares immediately prior to the sale.

CALLS ON SHARES