Welcome to our dedicated page for Sizzle Acquisition news (Ticker: SZZL), a resource for investors and traders seeking the latest updates and insights on Sizzle Acquisition stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sizzle Acquisition's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sizzle Acquisition's position in the market.
Sizzle Acquisition Corp. (Nasdaq: SZZL) announced its stockholders approved an extension of the deadline for completing a business combination from February 8, 2023, to August 8, 2023. This decision was made during a special meeting on February 1, 2023, allowing Sizzle additional time to finalize its merger with European Lithium Ltd. The company will deposit $200,000 into its trust account monthly to facilitate this extension. Upon completion, the combined entity, Critical Metals, will become a leading lithium mining company, owning the Wolfsberg Lithium Project and a 20% stake in further Austrian projects. Listing is expected on Nasdaq under the symbol "CRML."
European Lithium Ltd has signed a non-binding Memorandum of Understanding (MoU) with Obeikan Investment Group to establish a joint venture for a hydroxide plant in Saudi Arabia. This venture aims to optimize operations for the Wolfsberg Lithium Project in Austria, potentially resulting in significant energy savings. The proposed combination with Sizzle Acquisition Corp will culminate in the formation of Critical Metals Corp, expected to list on Nasdaq under symbol 'CRML' in the first half of 2023, possessing a majority stake in the Project and additional Austrian ventures.
European Lithium Ltd has signed a binding long-term lithium offtake agreement with BMW to supply battery-grade lithium hydroxide from its Wolfsberg Lithium Project in Austria. BMW will make a
Sizzle Acquisition Corp. (SZZL) has postponed its special meeting originally set for
Critical Metals Corp. has announced a business combination with Sizzle Acquisition Corp. (NASDAQ: SZZL) and European Lithium Ltd (ASX: EUR). This merger aims to create a leading lithium mining company by acquiring the Wolfsberg Lithium Project and a 20% stake in additional Austrian projects. Upon completion, the newly formed entity will be listed on NASDAQ under the ticker 'CRML' in the first half of 2023. European Lithium will be the largest shareholder of Critical Metals.
Critical Metals Corp., formed through a merger between Sizzle Acquisition Corp. and European Lithium, will own the Wolfsberg Lithium Project in Austria, projected to be Europe’s first licensed lithium mine. The mine aims to produce approximately 10,500 metric tons of lithium concentrate annually by 2025, enough to power around 200,000 electric vehicles. A key MOU with BMW AG is expected to create a substantial direct OEM pre-pay in the lithium sector. The business combination has a pro forma enterprise value of approximately $838 million.
FAQ
What is the market cap of Sizzle Acquisition (SZZL)?
