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.
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