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An update from Welsbach Technology Metals Acquisition Corp. (WTMA) is now available.
Welsbach Technology Metals Acquisition Corp. has announced a merger with Evolution Metals LLC and is seeking to extend its deadline for an initial business combination by a year, to June 30, 2025. As part of this process, WTMA intends to forge non-redemption agreements with some stockholders to retain more funds in its trust account post-merger. These agreements would reward participating stockholders with additional shares if they hold onto their non-redeemed shares through the merger completion. WTMA is also being advised by J.V.B. Financial Group’s Cohen & Company Capital Markets division during this strategic move.
See more insights into WTMA stock on TipRanks’ Stock Analysis page.