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Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMAU, NASDAQ:WTMA, NASDAQ:WTMAR), a $43.67 million market cap company whose stock has declined 16.31% year-to-date, has terminated its previously announced merger agreement with Critical Mineral Recovery, Inc., according to a statement filed with the Securities and Exchange Commission.
The company disclosed that the Amended and Restated Merger Agreement, originally dated March 31, 2025, included a provision allowing either party to terminate the agreement if the business combination was not completed by June 30, 2025. The agreement was officially terminated on July 3. According to InvestingPro data, the stock typically exhibits high price volatility and tends to move counter to broader market trends with a beta of -0.08.
Welsbach Technology Metals Acquisition Corp. is incorporated in Delaware and is classified under miscellaneous electrical machinery, equipment, and supplies. The company’s securities, including common stock, units, and rights, are registered on the NASDAQ exchange under the symbols WTMAU, WTMA, and WTMAR.
This announcement is based on a press release statement included in the company’s SEC filing.
In other recent news, Welsbach Technology Metals Acquisition Corp. (WTMA) has extended its merger agreement with Evolution Metals LLC (EM) to September 30, 2025. This marks the fourth amendment to the original merger agreement, highlighting a continued commitment to finalizing the merger process. The amendment details are included in an SEC filing, which outlines the changes to the agreement. Additionally, WTMA has set new dates for its Special Meeting related to the Business Combination with EM, with a record date of May 19, 2025, and a meeting date of June 26, 2025. This meeting is crucial as stockholders will vote on the proposed Business Combination, which has been in progress since November 2024. The revised proxy card for the meeting has been attached as Exhibit 99.1 to correct previous clerical errors. WTMA encourages its stockholders to review the definitive proxy statement/prospectus for important information about the transaction. These developments underline WTMA’s strategic efforts to complete its merger with EM.
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