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Welsbach Technology Metals Acquisition Corp. ( (WTMA) ) has provided an update.
Welsbach Technology Metals Acquisition Corp. (WTMA) is involved in a strategic move to extend the deadline for completing its initial business combination from June 30, 2025, to September 30, 2025. On June 20 and June 23, 2025, WTMA entered into non-redemption agreements with several investors to prevent the redemption of up to 465,880 shares of its common stock. In return, these investors will receive up to 23,294 shares of the surviving entity from any future business combination if they hold onto their shares through the special meeting. This move aims to secure shareholder support for the extension and ensure the company’s continued operations.
More about Welsbach Technology Metals Acquisition Corp.
Average Trading Volume: 2,409
Technical Sentiment Signal: Buy
Current Market Cap: $40.4M
See more data about WTMA stock on TipRanks’ Stock Analysis page.