Welsbach Technology Metals Acqu
12.50+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · WTMA · USD
Key Stats
Market Cap
29.55MP/E (TTM)
-Basic EPS (TTM)
-0.50Dividend Yield
0%Recent Filings
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.
8-K
Merger agreement terminated
Welsbach Technology Metals Acquisition Corp. terminated its amended merger agreement to acquire Critical Mineral Recovery, Inc. on July 3, 2025, after the deal missed the June 30 deadline. This ends pursuit of the business combination, leaving the SPAC to seek alternative targets. Termination disrupts integration plans. Risks persist in finding a new partner.
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