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WTMA news covers Welsbach Technology Metals Acquisition Corp., a blank-check issuer that completed its merger with Evolution Metals LLC and became Evolution Metals & Technologies Corp. Recurring updates center on shareholder voting matters, SPAC security-structure disclosures, material agreements, governance matters, capital-structure disclosures, and operating and financial results tied to the public-company transition.
On September 30, 2022, Welsbach Technology Metals Acquisition Corp. announced the sale of a non-interest bearing, unsecured promissory note worth $772,768.60 to Welsbach Acquisition Holdings LLC. These proceeds were deposited into the Company's Trust Account on September 27, 2022. This action extends the timeframe for the Company to complete a Business Combination until December 30, 2022. The note will either be repaid after the business combination or converted into additional private units at $10.00 per unit, depending on the Sponsor's discretion.
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Welsbach Technology Metals Acquisition Corp. closed the issuance of an additional 227,686 units from its IPO, generating gross proceeds of $2,276,860. This brings total IPO proceeds to $77,276,860. Each unit comprises one common stock share and a right to receive one-tenth of a share upon a future business combination. Trading on Nasdaq began on December 28, 2021, under ticker symbol 'WTMAU.' The Company focuses on merging with businesses in technology metals and energy transition materials, and its trust account now holds the total proceeds received.
Welsbach Technology Metals Acquisition Corp. has successfully closed its IPO, raising $75 million through the sale of 7,500,000 units at $10.00 each. Trading commenced on Nasdaq under the symbol WTMAU on December 28, 2021. Each unit includes one share of common stock and a right to receive a fraction of a share upon a business combination. The company targets mergers in the technology metals and energy transition materials sectors. Chardan managed the offering, which includes a 45-day over-allotment option for underwriters.
Welsbach Technology Metals Acquisition Corp. has priced its initial public offering (IPO) at $10.00 per unit, raising $75 million with 7,500,000 units being listed on Nasdaq under the symbol 'WTMAU.' Each unit includes one share of common stock and a right for one-tenth of a share following an initial business combination. The IPO is set to close on December 30, 2021. The company aims to pursue acquisitions in the technology metals and energy transition materials sectors. Chardan serves as the sole book-running manager, with provisions for over-allotments.