Welsbach Technology Metals Acquisition Corp. (WTMA) Postpones Extension Vote
by Nicholas Alan Clayton on 2023-09-26 at 3:54pm

Welsbach Technology Metals Acquisition Corp. (NASDAQ: WTMA) announced in an 8-K this afternoon that it is postponing its extension vote one day to 2 pm ET September 29.

The SPAC would not be able to postpone it much further as its current transaction deadline falls on a Saturday the next day, September 30. At the special meeting, shareholders will vote whether to extend Welsbach’s deadline nine months to June 30, 2024.

It has also been engaging with shareholders to secure non-redemption agreements and in general investors now have until 5 pm ET September 27 to make final decisions on whether to redeem their shares.

The SPAC does not currently have a definitive agreement with a target, but it teased a non-binding letter of intent with an undisclosed target in the critical metals space earlier this month.

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