Welsbach Technology Metals Acquisition Corp. (WTMA) to Discuss Non-Redemption Agreements
Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) announced in an 8-K today that it intends to discuss signing non-redemption agreements of unspecified size with investors ahead of its September 28 extension vote.
Any takers on the offer would receive additional shares in the company’s combination target as an incentive for the move. Welsbach does not currently have a definitive agreement in hand, but it announced it had signed a letter of intent to combine with an unnamed company in the critical materials space earlier this month.
Welsbach currently has approximately $37.8 million in its trust after seeing 53.03% redeemed during a meeting in March.
READ
Best SPAC I Acquisition Corp. (NASDAQ:BSAAU) announced the pricing of its $55 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BSAAU”, Friday, June 13, 2025. The new SPAC plans to combine with a consumer goods company with a total enterprise value between $100 million and $600 million....
Blue Acquisition Corp. (NASDAQ:BACCU) announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BACCU”, Friday, June 13, 2025. The new SPAC intends to combine with a target company within a manufacturing company or data center that aligns with green energy initiatives and...
1RT (NASDAQ:ONCHU) has filed for a $150 million SPAC with confident terms in a market that has been recently much more welcoming to SPAC issuance. The new SPAC is including 1/4 warrants in its units, which is the slimmest warrant coverage offered by a newly-filed SPAC since Cohen Circle II (NASDAQ:CCIIU) put out its own...
At the SPAC of Dawn This week, the market has taken on better-than-expected inflation news and SPACs continue to see old friends leaning toward listing in the traditional way. This time it is crypto exchange Bullish which is reportedly seeking an IPO three years after canceling its combination with a SPAC. Bullish was initially engaged...
EQV Ventures II (NYSE:EVACU) has filed for a $350 million SPAC aiming to give its team a second vehicle to pursue targets within hopefully a more receptive market environment than its first. The team’s first SPAC, EQV I (NYSE:EQV), broke price on its debut on August 7, 2024, finishing with a one-day VWAP of $9.9452...