Every 8-K that WELSBACH TECH METALS ACQ (WTMA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow WTMA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WTMA filings page.
Evolution Metals & Technologies Corp. disclosed that Nasdaq notified the company on May 21, 2026 that its delayed Quarterly Report for March 31, 2026 put it out of compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports.
The company filed the missing Form 10-Q on May 22, 2026, and on May 26, 2026 Nasdaq confirmed that EMAT had regained compliance and that the matter was closed, so the notice had no lasting effect on the stock’s listing status.
EMAT also issued a Regulation FD press release on May 26, 2026 summarizing the notice and its return to compliance and included customary cautionary language about forward-looking statements and risk factors referenced in its recent Form 10-K and Form 10-Q.
Evolution Metals & Technologies Corp. reported its first quarter as a Nasdaq-listed company, combining newly consolidated magnet operations with sizeable non-cash accounting charges. For the three months ended March 31, 2026, revenue was $1.9 million with gross profit of $0.4 million, reflecting a gross margin of about 24%.
The company recorded a GAAP net loss of $440.3 million, or $(0.72) per share, driven mainly by a $425.2 million non-cash charge from the change in fair value of pre-combination financial instruments that were settled at closing. On a non-GAAP basis, Adjusted Net Loss was $15.1 million, or $(0.02) per share, compared with $2.5 million, or $(0.01) per share, a year earlier, reflecting higher selling, general and administrative expenses tied to subsidiary consolidation and public-company and transaction costs.
The update highlights EM&T’s positioning as a rare earth permanent magnet producer with more than 18 years of operating history, recent commencement of trading on Nasdaq under the symbol EMAT, a previously announced $100 million convertible debenture facility, and binding purchase orders for 13 ULVAC sintered magnet machines expected to help scale annual magnet production capacity to approximately 10,000 metric tons by November 2026, ahead of a January 1, 2027 DFARS deadline on Chinese-origin magnets in U.S. defense systems.
Evolution Metals & Technologies Corp. reports a major Q1 2026 loss and a delay in filing its Form 10-Q. The company will miss the extended deadline under Rule 12b-25 because of complex accounting related to a large overseas equipment purchase and other financial reporting issues, but has furnished unaudited condensed financial statements as an exhibit.
For the quarter ended March 31, 2026, EMAT generated revenues of $1.9 million and recorded a net loss of $441.6 million, or $0.72 per basic and diluted share, driven largely by a $425.2 million loss from changes in the fair value of financial instruments. Cash and cash equivalents were $5.4 million, total liabilities were $96.2 million, and stockholders’ deficit was $24.6 million as of March 31, 2026.
The company expects to receive a Nasdaq non-compliance notice for the late Form 10-Q under Nasdaq Listing Rule 5250(c)(1), but indicates that any such notice should have no immediate effect on the listing or trading of its common stock and anticipates regaining compliance within the expected grace period.
Evolution Metals & Technologies Corp. signed eight equipment supply contracts through its subsidiary with ULVAC Korea to buy vacuum induction melting and continuous vacuum sintering furnaces for its rare earth metal and magnet operations. In a related press release, EM&T announced binding purchase orders with ULVAC for thirteen high-performance rare earth sintered magnet machines.
The new ULVAC equipment is intended to raise EM&T’s annual rare earth magnet production capacity to 10,000 metric tons, including 6,000 metric tons of high-performance sintered magnets, with delivery and installation planned by November 2026. ULVAC must provide a performance guarantee and cargo insurance, while EM&T retains cancellation rights subject to tiered fees.
Evolution Metals & Technologies Corp. entered into a financing agreement with Yorkville for up to $100 million of convertible debentures. The first debenture of $20 million has been issued, a second for $5.775 million is tied to an S-1 becoming effective, and additional tranches may follow by mutual agreement.
The debentures mature on November 7, 2027, carry 5% annual interest (rising to 18% on default), and are issued at 97% of principal. They are convertible at the lower of $12.09 or 95% of the lowest 5-day VWAP, subject to Nasdaq exchange caps and a 4.99% beneficial ownership limit. EMAT plans to use proceeds for general corporate purposes and expansion of its rare earth magnet operations.
Evolution Metals & Technologies Corp. (EMAT) filed an amended report to add full 2025 financial statements and analysis for EMAT, Evolution Metals LLC (EM LLC) and four Korean subsidiaries acquired in the January 5, 2026 business combination.
EM LLC reported a net loss of approximately $617,995,844 for 2025 and an accumulated deficit of about $676,957,426 as of December 31, 2025. Large derivative liabilities tied to financing structures — including a July Investment Agreement Derivative of $379,204,796 and CPU Share Allocation Obligations of $292,679,981 — drove most of the loss. EM LLC ended 2025 with cash of $11,684,923 but a net working capital deficit of roughly $659,955,000.
Management and the auditors highlight substantial doubt about the company’s ability to continue as a going concern, noting that the business plan depends on future financing and that the business combination did not bring significant external funding. EMAT also filed unaudited pro forma combined financials and MD&A for EMAT, EM LLC, KCM, KMMI, NS World and Handa Lab to show how the combined group would have looked for 2025.
Evolution Metals & Technologies Corp. (EMAT) furnished an investor presentation outlining its plan to build a fully integrated U.S. supply chain for rare earth magnets and battery materials with no reliance on China.
The presentation describes existing mid‑ and downstream operations in Korea with 660 tons of annual critical materials production and a strategy to replicate and scale these capabilities at a single U.S. industrial campus. EMAT highlights closed‑loop recycling of end‑of‑life batteries and e‑waste, including U.S. government e‑scrap, as its primary feedstock.
Management presents a planned U.S. buildout totaling $2.5 billion of capital expenditures across e‑scrap and battery recycling, large hydrometallurgical and pyrometallurgical plants, and magnet metal, alloy and finished magnet facilities, targeting 55,000 tons per year of rare earth magnet capacity and 78,000 tons of battery salts and p by 2029.
Evolution Metals & Technologies Corp. (EMAT), formerly Welsbach Technology Metals Acquisition Corp. (WTMA), completed its business combination with Evolution Metals LLC and related Korean acquisitions on January 5, 2026, and its common stock began trading on Nasdaq under the symbol EMAT on January 6, 2026. Immediately after closing, there were 593,349,852 shares of EMAT common stock outstanding, with former EM member unit holders owning 80.22% and former EM convertible preferred holders 18.44%. WTMA’s former public stockholders and sponsor together held about 0.55%.
On the closing date, EM entered into an $80,000,000 unsecured bridge loan bearing 6.00% annual interest and maturing five business days after closing. EMAT also put in place extensive lock-up and registration rights agreements, a 2025 Equity Incentive Plan, and new executive employment contracts with base salaries up to $1,500,000 and large equity awards. David Wilcox became Executive Chairman and, through affiliated holdings, beneficially owns 70.18% of EMAT, making it a Nasdaq “controlled company.”
Evolution Metals & Technologies Corp. completed its business combination with Evolution Metals LLC, with the former SPAC Welsbach Technology Metals Acquisition Corp. now renamed EMAT. EMAT also completed a complex set of pre-closing steps to acquire four Korean companies focused on critical materials.
After closing, there were 593,349,852 EMAT common shares outstanding. Former EM member unit holders and convertible preferred holders received the vast majority of stock, while legacy WTMA public holders and sponsor together own about 0.55%. EMAT began trading on Nasdaq as “EMAT” on January 6, 2026.
On January 5, 2026 EM entered into an unsecured $80,000,000 bridge loan at a fixed 6.00% rate, maturing five business days after closing. The company adopted a 2025 equity incentive plan and signed rich employment packages for senior executives, including base salaries up to $1.5 million and large stock option and RSU grants, alongside multi-year lock-up and registration rights agreements and a controlled-company governance structure.
Welsbach Technology Metals Acquisition Corp. reported that its stockholders approved amendments to its charter and trust agreement to extend the deadline to complete a business combination by up to three months, from December 30, 2025 to as late as March 30, 2026. The charter amendment and trust amendment were both approved by large majorities at a special meeting where approximately 83.64% of the 2,848,313 eligible common shares were represented.
No stockholders elected to redeem their shares in connection with these extensions, so no cash was withdrawn from the trust account. As of December 30, 2025, approximately $6.46 million remained in the trust account. The company also stated that it does not intend to use trust funds to pay any potential excise taxes or dissolution expenses if it ultimately liquidates without completing a business combination.
Welsbach Technology Metals Acquisition Corp. reported that its stockholders approved changes to extend the time the company has to complete a business combination. The amended charter and trust agreement now allow an extension of the deadline from September 30, 2025 to up to December 30, 2025, with no additional contribution required to the IPO trust account.
At the special meeting, 2,364,865 votes were cast in favor of both the charter amendment proposal and the trust amendment proposal, with 215 votes against and no abstentions. In connection with the meeting, holders of 350 common shares elected to redeem at approximately $11.38 per share, for about $4.0 thousand in total, leaving approximately $6.4 million in the trust account as of September 29, 2025, before taxes. The company also stated it will not use trust funds to pay any potential excise taxes or dissolution expenses if it ultimately liquidates without completing a business combination.
Welsbach Technology Metals Acquisition Corp. reports that on September 12, 2025, a collateral agent acting for a syndicate of secured creditors completed a Uniform Commercial Code (UCC) foreclosure sale of collateralized equipment owned by Camston Wrather LLC and its affiliates. The syndicate acquired the equipment through a credit bid, meaning the secured creditors used their existing secured claims as consideration rather than cash.
The filing notes that Camston Wrather LLC had previously sought bankruptcy protection in Delaware with approximately US$139,000,000 in secured debt owed to this creditor syndicate, in which Evolution Metals LLC is the majority interest holder. The report also reiterates extensive forward-looking statement disclosures tied to the proposed business combination among Welsbach Technology Metals Acquisition Corp., Evolution Metals LLC, and other target companies, highlighting numerous risks and conditions that could affect whether that transaction closes and how the combined business might perform.