Welsbach Technology Metals Acquisition Corp. Announces Extension to Business Combination Deadline
05 Juli 2024 - 2:30PM
Welsbach Technology Metals Acquisition Corp. (the
“
Company”), a blank check company formed for the
purpose of effecting a merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with
one or more businesses (a “
Business Combination”),
announced today that it has approved an extension of the time
period to consummate a Business Combination, in accordance with
Article G of the Company’s amended and restated certificate of
incorporation, to and including June 30, 2025. On June 28, 2024,
the Company held a special meeting of its stockholders (the
“special meeting”). On May 13, 2024, the record date for the
special meeting, there were 4,456,827 shares of common stock of the
Company entitled to be voted at the special meeting, approximately
83.541% of which were represented in person or by proxy at the
special meeting.
The final results for each of the matters
submitted to a vote of the Company’s stockholders at the special
meeting are as follows:
1. Charter Amendment Proposal
The stockholders approved the proposal to amend
the Company’s Charter by allowing the Company to extend the date by
which it has to consummate a business combination with a target for
up to an additional twelve months, from June 30, 2024 to up to June
30, 2025, for no contribution to the trust account.
2. Trust Amendment Proposal
The stockholders approved the proposal to amend
the Trust Agreement, allowing the Company to extend the Combination
Period for up to an additional twelve months, from June 30, 2024 to
up to June 30, 2025, for no contribution to the trust account.
As there were sufficient votes at the time of
the special meeting to approve each of the above proposals, the
Adjournment Proposal, which had been previously voted on by proxy,
was not presented to stockholders at the special meeting.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Cautionary Statement Concerning
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements.” including with respect to
the extensions. No assurance can be given that the transactions
discussed above will be completed on the terms described, or at
all. Forward-looking statements are subject to numerous conditions,
many of which are beyond the control of the Company.
About WTMAC
WTMAC is a blank check company formed for the
purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. While WTMAC may pursue an
acquisition in any business industry or sector, it intends to
concentrate its efforts on targets in the technology metals and
energy transition materials industry. WTMAC is led by Chief
Executive Officer Daniel Mamadou and Chief Operating Officer Chris
Clower.
Investor Contact:
Christopher Clower, Welsbach Technology Metals
Acquisition Corp.chris@welsbach.sg
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