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Welsbach Technology Metals Acquisition Corp. (WTMA) has amended its merger agreement with Evolution Metals LLC (EM), extending the deadline for finalizing the merger to September 30, 2025. The announcement comes as WTMA’s stock trades at $10.01, down 21% year-to-date, according to InvestingPro data. The announcement was made today, following the agreement entered on June 11, 2025, which marks the fourth amendment to the original merger agreement dated November 6, 2024.
The extension signifies a continued commitment from both WTMA and EM towards completing the merger process. With a market capitalization of $37.62 million and a FAIR financial health score from InvestingPro, WTMA continues to navigate the merger process. The amended agreement, referred to as Amendment No. 4, modifies the prior Amended and Restated Agreement and Plan of Merger, adjusting the Agreement End Date to the new September deadline.
WTMA, a Delaware corporation, is working through its subsidiary, WTMA Merger Subsidiary LLC, to finalize the merger with EM. This strategic move is anticipated to enhance the company’s position within the technology metals sector.
The specific terms of the amendment are detailed in Exhibit 2.1 of the 8-K filing, which was submitted to the Securities and Exchange Commission (SEC). The filing also includes the Cover Page Interactive Data File within the Inline XBRL document as Exhibit 104.
The information provided in this article is based on the SEC filing by Welsbach Technology Metals Acquisition Corp.
In other recent news, Welsbach Technology Metals Acquisition Corp. has announced new dates for its Special Meeting concerning the Business Combination with Evolution Metals LLC. The updated record date is set for May 19, 2025, with the Special Meeting now scheduled for June 26, 2025. This revision follows the filing of the Definitive Proxy Statement/Prospectus as part of the Registration Statement on Form S-4 with the SEC, which was amended to reflect these changes. The updated proxy card, now attached as Exhibit 99.1, includes the new meeting date and corrects a previous clerical error. Welsbach stockholders will vote on the proposed Business Combination, a significant transaction that has been progressing since an agreement was signed on November 6, 2024. Approval of this Business Combination would represent a major milestone for the company. Stockholders are encouraged to review the definitive proxy statement/prospectus for detailed information regarding the transaction. This information is based on a press release and the latest SEC filing by Welsbach Technology Metals Acquisition Corp.
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