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
At the SPAC of Dawn The second week of December kicks off with plenty of business on the schedule. Eight SPACs are holding votes of some kind while both Swiftmerge (NASDAQ:IVCP) and Mars (NASDAQ:MARX) ask their shareholders for approval of their deals. Swiftmerge has been working to take natural gas producer AleAnna public since June...
Terms Tracker for the Week Ending December 6, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. SPACs managed two IPO pricings this week bringing the 2024 YTD count to 52. However, earlier in the week it was expected that four SPAC...
At the SPAC of Dawn If de-SPACs are themselves any measure, the capital markets are certainly flowing again. Three companies that completed SPAC deals over the last four years each announced public offerings of shares in the last 24 hours and another upsized a major debt offering. As if on cue, another SPAC that is...
Stellar V (NASDAQ:SVCCU) has filed for a $150 million IPO with a sponsor team that has experience stretching back several SPAC cycles. Co-CEOs George Syllantavos and Prokopios Tsirigakis have steered SPACs as far back as Star Maritime Acquisition Corp, which IPO’d in 2005 and combined with shipping firm Star Bulk Carriers (NASDAQ:SBLK) in 2007. Star...
Athena Technology II (NYSE:ATEK) has entered into a definitive agreement to combine with Ace Green Recycling at an equity value of $250 million. Houston, Texas-based Ace Green has developed technology for low-emissions recycling to harvest lithium, lead and other valuable resources from lithium-ion batteries. The combined company is expected to trade on a US exchange...