Welsbach Technology Metals Acquisition Corp. - WTMA STOCK NEWS

Welsbach Technology Metals Acquisition Corp. (WTMAU) has extended its deadline to complete a Business Combination until June 30, 2025. This decision was made during a special stockholders' meeting held on June 28, 2024.

The extension allows the company more time to merge, exchange shares, acquire assets, or reorganize with another business. Stockholders approved two key proposals: the Charter Amendment Proposal and the Trust Amendment Proposal, both enabling the extension without needing additional contributions to the trust account.

Approximately 83.541% of the company’s 4,456,827 common shares were represented, either in person or by proxy, at the meeting. The Adjournment Proposal was not presented as there were enough votes to approve the other proposals.

This announcement does not entail any offer to sell or buy securities and adheres to all applicable laws and regulations.

Welsbach Technology Metals Acquisition Corp. (WTMA) has announced a merger agreement with Evolution Metals (EM), aiming to create a secure global supply chain for critical minerals and materials using advanced technologies. This includes the beneficiation and refining of various oxides and metals, as well as the manufacturing of bonded and sintered magnet products essential for batteries and rare earth magnets. The combined company will focus on mid-stream and downstream processes to support the automotive, aerospace, and defense industries, integrating AI and robotics to enhance efficiency. Additionally, WTMA filed a proxy statement seeking approval to extend the deadline for business combination completion to June 30, 2025, and entered into non-redemption agreements with shareholders to retain funds in its trust account.

Welsbach Technology Metals Acquisition Corp. has approved an extension of the time period for a business combination until June 30, 2024. Stockholders approved the proposal to extend the date with no contribution to the trust account. No concrete positive or negative business takes affecting stock price.

WTMAC signs LOI for business combination transaction in critical materials space.

Welsbach Technology Metals Acquisition Corp. extends time period for Business Combination to September 30, 2023. Approves issuance and sale of non-interest bearing promissory notes for working capital purposes. Proceeds of $125,000 deposited in Trust Account. Working Capital Loan currently at $462,000. Forward-looking statements regarding potential conversion of promissory note.

Welsbach Technology Metals Acquisition Corp. has approved an extension of the time period to consummate a Business Combination until August 30, 2023. The Company has also approved the issuance and sale of a non-interest bearing, unsecured promissory note equal to $125,000 to the Sponsor. The note will not be repaid if the Company is unable to close a business combination. The Sponsor may convert the note into additional private units at a price of $10.00 per unit.

Welsbach Technology Metals Acquisition Corp. has announced an extension of the time period to consummate a Business Combination until July 30, 2023. They have also approved the issuance and sale of a non-interest bearing, unsecured promissory note equal to $125,000 to the Sponsor.