Welsbach Technology Metals Acquisition Corp. (NasdaqGM:WTMA) signed a non-binding letter of intent to acquire Evolution Metals Corporation on January 24, 2024. The Transaction is intended to result in WTMAC?s successor listed company owning 100% of the Target.

The Transaction structure is yet to be determined based on the due diligence findings as well as business, legal, tax, accounting and other considerations. WTMAC and Target, if approval to proceed by the Board of WTMAC and Target is obtained, would announce any additional details regarding the Transaction if a definitive agreement for the business combination were to be executed. The parties are currently considering the specific terms of any business combination.

Any transaction will be subject to, among other things, tax review, as well as other auditing, corporate, regulatory and stock exchange requirements. As of March 28, 2024, Welsbach Technology Metals Acquisition Corp. (NasdaqGM:WTMA) signed a business combination agreement to acquire Evolution Metals Corporation.