WTMA
Welsbach Technology Metals Acquisition Corp.10.61
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
30.22MP/E (TTM)
-Basic EPS (TTM)
-0.64Dividend Yield
0%Recent Filings
10-Q
8-K
UCC sale acquires bankrupt assets
Welsbach Technology Metals Acquisition Corp. announced that on September 12, 2025, a syndicate of secured creditors, with Evolution Metals LLC as majority holder, acquired collateralized equipment from bankrupt Camston Wrather LLC via UCC foreclosure sale using a credit bid. Camston Wrather had filed for bankruptcy with $139 million in secured debt. This move bolsters the syndicate's asset position amid EM's pending business combination with WTMA. Risks include integration challenges post-merger.
8-K
Merger approval clears path
Welsbach Technology Metals Acquisition Corp. secured unanimous stockholder approval on September 2, 2025, for its merger with Evolution Metals LLC, paving the way for a combined entity focused on China-independent critical minerals supply chains. Redemptions totaled 484,751 shares at $11.31 each, draining $5.48 million from the trust and leaving $0.90 million. The deal merges four operating companies into Evolution Metals & Technologies Corp., set to trade as EMAT on Nasdaq. Stockholders can still reverse redemptions.
10-Q
Q2 FY2025 results
Welsbach Technology Metals Acquisition Corp. posted a Q2 net loss of $521K, up from $95K last year, driven by higher general and administrative costs of $570K versus $278K, while interest income from the trust account fell to $98K from $259K. Operating losses widened to $606K from $328K year-over-year, with no revenue as the blank check company hunts for a target. Cash dwindled to $711 by June 30, 2025, amid a $9.4M working capital deficit, offset by $12.2M in the trust account and $4.8M in related-party debt. The merger with Evolution Metals LLC advanced through amendments, extending to September 30, 2025, after terminating a side deal with Critical Mineral Recovery. Yet Nasdaq delisting to OTCQB adds trading hurdles.
8-K
Merger amendment signed
Welsbach Technology Metals Acquisition Corp. signed Amendment No. 5 to its merger agreement with Evolution Metals LLC on July 21, 2025, acknowledging the prior termination of a separate deal for Critical Mineral Recovery, Inc., and scrubbing related references. This refocuses the path toward completing the EM merger. Deal terms remain intact otherwise. No new timeline disclosed.
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