M&A - Welsbach Technology Metals Acquisition Corp.
Form Type: PRE 14A
Filing Date: 2025-05-27
Corporate Action: Merger
Type: New
Accession Number: 000121390025047490
Filing Summary: Welsbach Technology Metals Acquisition Corp. is notifying stockholders of a special meeting scheduled for June 26, 2025, to approve various proposals, primarily to amend its charter, allowing for an extension of the business combination period from June 30, 2025 to September 30, 2025. The extension is necessary to facilitate the completion of a merger with Evolution Metals LLC, wherein Welsbach's subsidiary will merge with EM. A series of proposals including the Charter Amendment Proposal and the Trust Amendment Proposal will be voted upon. If these proposals are passed, stockholders will have the option to redeem their shares for a pro-rata portion of the funds in the trust account, regardless of their vote on the proposals. The merger requires both stockholder and regulatory approval and aims for the company to change its name and seek listing on Nasdaq after completion.
Additional details:
Charter Amendment Proposal: Approval of an amendment allowing an extension of the business combination period
Trust Amendment Proposal: Approval of an amendment of the Investment Management Trust Agreement to permit the extension
Adjournment Proposal: Proposal to approve the adjournment of the special meeting if necessary
Business Combination Meeting: Scheduled for June 26, 2025
Form Type: 425
Filing Date: 2025-05-20
Corporate Action: Merger
Type: New
Accession Number: 000121390025045573
Filing Summary: Welsbach Technology Metals Acquisition Corp. (WTMA) is reporting on their current business combination involving Evolution Metals LLC (EM) as per the Amended and Restated Agreement and Plan of Merger. This business combination is aligned with WTMA's goal to integrate EM into its operations, creating a combined entity which will be renamed Evolution Metals & Technologies Corp. (New EM) post-closing. The report outlines the forward-looking statements, associated risks, and necessary stockholder approvals required for the merger. Additionally, WTMA is classified as an emerging growth company and will file a definitive proxy statement/prospectus for stockholder review in relation to this combination.
Additional details:
Item Description: investor_presentation
Item Link: Exhibit 99.1
Registration Statement Effective Date: 2025-05-14
New Company Name: Evolution Metals & Technologies Corp.
Merger Agreement Date: 2024-11-06
Form Type: 8-K
Filing Date: 2025-05-20
Corporate Action: Merger
Type: New
Accession Number: 000121390025045569
Filing Summary: Welsbach Technology Metals Acquisition Corp. (WTMA) has filed a Form 8-K regarding a business combination with Evolution Metals LLC (EM). The report presents an investor presentation attached as Exhibit 99.1, detailing the proposed merger under the Amended and Restated Agreement and Plan of Merger dated November 6, 2024. The merger is subject to certain risks, including the ability of WTMA to complete the merger, potential delays, and uncertainties associated with integration and funding post-merger. It also mentions the necessity for approval from WTMA stockholders, listing on Nasdaq, and the conditions for a successful transaction.
Additional details:
Item 8 01: Investor presentation attached as Exhibit 99.1
Emerging Growth Company: Yes
Merger Agreement Date: 2024-11-06
New Company Name: Evolution Metals & Technologies Corp.
Registration Statement Effective Date: 2025-05-14
Proxy Statement Prospectus: Filed with the SEC
Form Type: 425
Filing Date: 2025-05-19
Corporate Action: Merger
Type: Update
Accession Number: 000121390025045278
Filing Summary: On May 19, 2025, Welsbach Technology Metals Acquisition Corp. ("WTMA") filed a definitive copy of its proxy statement/prospectus as part of the Registration Statement on Form S-4, which was initially filed with the SEC on November 12, 2024. This filing relates to a special meeting of WTMA stockholders to approve a Business Combination involving WTMA and Evolution Metals LLC. The filing includes updates on the record date and the meeting date for the Special Meeting. The new record date is May 19, 2025, with the Special Meeting now scheduled for June 26, 2025. This update also corrects a previous error in the form of proxy card filed as Exhibit 99.1. The document outlines risks and uncertainties associated with the proposed Business Combination, including the potential delay in consummation and the integration of target companies post-merger. WTMA emphasizes the importance of reading the definitive proxy statement/prospectus as it holds significant information regarding the transaction.
Additional details:
Record Date: 2025-05-19
Meeting Date: 2025-06-26
Exhibit 99 1: Form of Proxy Card for Welsbach Technology Metals Acquisition Corp.’s Special Meeting
Form Type: 8-K
Filing Date: 2025-05-19
Corporate Action: Merger
Type: Update
Accession Number: 000121390025045275
Filing Summary: On May 19, 2025, Welsbach Technology Metals Acquisition Corp. (WTMA) filed a definitive proxy statement/prospectus related to a significant transaction, referred to as a Business Combination, involving a merger with WTMA Merger Subsidiary LLC and Evolution Metals LLC (EM). This document updates the record and meeting dates for a special stockholder meeting essential for progressing with the transaction. The new record date is set for May 19, 2025, and the Special Meeting is scheduled for June 26, 2025. The filing also aims to revise the proxy card previously submitted to reflect these changes and correct an error. The proxy statement/prospectus provides comprehensive information about the Business Combination, which is part of WEBA's ongoing business strategy and is essential for securing the required approvals from stockholders for the merger.
Additional details:
Title Of Each Class: Units
Trading Symbols: WTMAU
Name Of Each Exchange: N/A
Title Of Each Class: Common Stock
Trading Symbols: WTMA
Name Of Each Exchange: N/A
Title Of Each Class: Rights
Trading Symbols: WTMAR
Name Of Each Exchange: N/A
New Record Date: 2025-05-19
New Special Meeting Date: 2025-06-26
Form Type: 425
Filing Date: 2025-05-15
Corporate Action: Merger
Type: New
Accession Number: 000121390025044265
Filing Summary: On May 15, 2025, Welsbach Technology Metals Acquisition Corp. (WTMA) and Evolution Metals LLC (EM) announced through a joint press release that the U.S. Securities and Exchange Commission (SEC) had declared effective the Registration Statement concerning their proposed Business Combination, following an Amended and Restated Agreement and Plan of Merger from November 6, 2024. This Business Combination entails WTMA's intention to change its name to Evolution Metals & Technologies Corp. post-merger. The completion of this merger is contingent upon various conditions including approvals from WTMA stockholders and the successful listing on the Nasdaq.
Additional details:
Registration Statement Effective Date: 2025-05-14
New Name Post Merger: Evolution Metals & Technologies Corp.
Merger Agreement Date: 2024-11-06
Form Type: 8-K
Filing Date: 2025-05-15
Corporate Action: Merger
Type: New
Accession Number: 000121390025044261
Filing Summary: On May 15, 2025, Welsbach Technology Metals Acquisition Corp. (WTMA) along with Evolution Metals LLC (EM) announced that the SEC declared effective their Registration Statement related to a Business Combination, which is governed by an Amended and Restated Agreement and Plan of Merger dated November 6, 2024. The transaction involves WTMA changing its name to Evolution Metals & Technologies Corp. New EM is expected to undertake significant operations regarding critical mineral recovery, including expanding a recycling facility. The forward-looking statements indicate expectations and beliefs of management regarding the merger's implications, anticipated benefits, risks, and uncertainties that may affect outcomes. WTMA will provide a definitive proxy statement/prospectus with additional details to stockholders ahead of a special meeting to approve the proposed Business Combination.
Additional details:
Registration Statement Effective Date: 2025-05-14
New Company Name: Evolution Metals & Technologies Corp.
Merger Agreement Date: 2024-11-06
Issuance Of Proxy Statement: Yes
Name Change Intent: Yes
Form Type: 425
Filing Date: 2025-02-14
Corporate Action: Merger
Type: Update
Accession Number: 000121390025014378
Filing Summary: On February 10, 2025, Welsbach Technology Metals Acquisition Corp. (WTMA) entered into an Amendment No. 2 to its previously established Amended and Restated Agreement and Plan of Merger. This amendment clarifies the number of Company Membership Units to be received by Korea NewCo and US NewCo as part of the Business Combination. Additionally, it stipulates that the New EM board will consist of six directors, all designated by Evolution Metals LLC (EM). The same day, WTMA signed the CMR Merger Agreement, merging Critical Mineral Recovery, Inc. (CMR) into a wholly owned subsidiary of WTMA, where the sole CMR shareholder will receive substantial shares of New EM common stock, along with significant cash for both immediate and debt repayment purposes. Previous agreements included lock-up conditions extending to three years post-Closing, ensuring stakeholder commitments.
Additional details:
Date Of Merger Agreement: 2024-11-06
Date Of Amendment No 1: 2024-11-11
Date Of Amendment No 2: 2025-02-10
Consideration For Cmr Shareholder: 22500000 shares of New EM common stock, $125000000 cash, up to $50000000 for debt repayment
Number Of Directors Post Closing: 6
Form Type: 8-K
Filing Date: 2025-02-14
Corporate Action: Merger
Type: Update
Accession Number: 000121390025014373
Filing Summary: On February 10, 2025, Welsbach Technology Metals Acquisition Corp. (WTMA) entered into an Amendment No. 2 to the Amended and Restated Agreement and Plan of Merger, revising terms related to the merger with Evolution Metals LLC (EM). This includes clarification of the membership units to be received by Korea NewCo and US NewCo, and stipulates that the New EM board will consist of six directors initially designated by EM. Additionally, on the same date, WTMA executed the CMR Merger Agreement, merging Critical Mineral Recovery, Inc. (CMR) into a wholly owned subsidiary of WTMA, with specific terms for the sole shareholder of CMR, including shares of New EM common stock and cash amounts totaling $175 million. The agreements are part of a series of transactions for the planned business combination between WTMA and EM.
Additional details:
Amendment No: 2
Business Combination: merger with Evolution Metals LLC
Cmr Merger Agreement: merger with Critical Mineral Recovery, Inc.
Shares Issued To Cmr Shareholder: 22,500,000 shares
Cash Payment To Cmr: $125,000,000
Cash For Cmrs Indebtedness: up to $50,000,000
Form Type: 425
Filing Date: 2025-01-24
Corporate Action: Merger
Type: New
Accession Number: 000121390025006612
Filing Summary: Welsbach Technology Metals Acquisition Corp. filed a Current Report on Form 8-K regarding the proposed Business Combination with Evolution Metals LLC. The report highlights an investor presentation prepared in connection with the transactions set forth in an Amended and Restated Agreement and Plan of Merger dated November 6, 2024, and its subsequent amendment. The filing indicates that the registration statement on Form S-4 has been submitted to the SEC, which includes a proxy statement/prospectus pertaining to the proposed merger, urging stockholders to review it once completed. Additionally, the report contains forward-looking statements addressing various risks and uncertainties related to the Business Combination, such as potential delays and integration challenges. It emphasizes the need for approval from WTMA stockholders and outlines the protocol for obtaining information about the proposed merger and related filings.
Additional details:
Subject Company: Welsbach Technology Metals Acquisition Corp.
Registration No: 333-283119
Address: 4422 N. Ravenswood Ave #1025 Chicago, Illinois 60640
Telephone Number: (251) 280-1980
Exhibit 99 Description: Investor Presentation of Welsbach Technology Metals Acquisition Corp.
Emerging Growth Company: Yes
Form Type: 8-K
Filing Date: 2025-01-24
Corporate Action: Merger
Type: New
Accession Number: 000121390025006584
Filing Summary: On January 24, 2025, Welsbach Technology Metals Acquisition Corp. (WTMA) filed a Form 8-K detailing an investor presentation related to a proposed business combination with Evolution Metals LLC (EM). The document highlights that this merger follows an Amended and Restated Agreement and Plan of Merger, signed on November 6, 2024, and an amendment on November 11, 2024. The filing outlines the conditions necessary for the completion of the merger, including stockholder approvals and regulatory compliance. WTMA is categorized as an emerging growth company and has emphasized fluctuations in market conditions and the associated risks in executing their strategic goals following the merger. The filing includes an investor presentation attached as Exhibit 99.1 and a cover page interactive data file.
Additional details:
Title: registration_statement
Value: Form S-4 filed with the SEC
Title: business_combination
Value: Proposed merger with Evolution Metals LLC
Title: emerging_growth_company
Value: Yes
Title: proxy_statement
Value: Preliminary proxy statement/prospectus regarding business combination
Title: exhibits
Value: Exhibit 99.1 - Investor Presentation; Exhibit 104 - Cover Page Interactive Data File
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