[SCHEDULE 13D/A] Critical Metals Corp. SEC Filing
Rhea-AI Filing Summary
European Lithium Limited amended its Schedule 13D to disclose a sale of 3,000,000 ordinary shares of Critical Metals Corp. for an aggregate purchase price of
Positive
- Raised
$21,000,000 in cash from sale of 3,000,000 Ordinary Shares - Retains majority control with
53.2% beneficial ownership after the sale - Disclosure filed as amendment, updating ownership and contract details consistent with reporting rules
Negative
- Reduced shareholding from previously reported post-merger total (sale of 3,000,000 shares)
- Potential dilution risk if additional issuances occur (ownership calculated on 112,652,853 shares outstanding)
Insights
Sale raises liquidity while maintaining majority control.
The company sold 3,000,000 Ordinary Shares for
The main dependency is that the purchase closed under the Securities Purchase Agreement on
Disclosure aligns with Schedule 13D requirements and updates prior filings.
The amendment updates Item 3 to describe the Securities Purchase Agreement and adjusts Item 5 to reflect the post-transaction ownership and voting/dispositive power. It restates that the Reporting Person retains sole voting and dispositive authority over the reported shares.
Key compliance points are the calculation basis of 112,652,853 outstanding shares used to derive the