--- schema_version: "secwatch.filing_event.v1" accession: "0001013762-23-000737" form_type: "8-K" ticker: "EMAT" cik: "0001866226" company_name: "Evolution Metals & Technologies Corp." filed_at: "2023-10-03T23:59:59+00:00" generated_at: "2026-06-10T05:40:28.806190+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # Welsbach Technology Metals extends deadline to June 30, 2024; holders redeem 1.46M shares for $15.8M ## Summary - Stockholders approved charter and trust amendments extending business combination deadline to June 30, 2024, with no trust contribution. - Holders of 1,456,871 shares redeemed at ~$10.82/share for aggregate ~$15.76M, leaving ~$23.52M in trust. - Entered Non-Redemption Agreements for 2,432,185 non-redeemed shares in exchange for 535,079 MergeCo shares upon deal. - Issued $22,000 Working Capital Note to Sponsor; total working capital loans now $484,000. - Extension allows up to nine additional months to complete a business combination. ## SEC filing metadata - accession: 0001013762-23-000737 - form_type: 8-K - ticker: EMAT - cik: 0001866226 - company_name: Evolution Metals & Technologies Corp. - filed_at: 2023-10-03T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 1.01, 5.07, 2.03, 5.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1866226/000101376223000737/0001013762-23-000737-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866226/000101376223000737/ea186098-8k_welsbach.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001013762-23-000737 - JSON: https://secwatch.observer/filing/0001013762-23-000737.json - Plain text: https://secwatch.observer/filing/0001013762-23-000737.txt ## Key facts - Governance Changes Evolution Metals & Technologies Corp.: Stockholders approved an amendment to the Company's amended and restated certificate of incorporation to extend the business combination deadline from September 30, 2023 to June 30, 2024 (effective 2023-09-29). - Change: charter amendment - Effective: 2023-09-29 source text: As approved by its stockholders at the special meeting, on September 29, 2023, the Company filed a certificate of amendment to its amended and restated certificate of incorporation (the “Charter”) which became effective upon filing. evidence_url: https://www.sec.gov/Archives/edgar/data/1866226/000101376223000737/0001013762-23-000737-index.htm - Material Agreements Evolution Metals & Technologies Corp. entered into Non-Redemption Agreement with several unaffiliated third parties (the "Investors"). - Action: entry - Counterparty: several unaffiliated third parties (the "Investors") source text: the Sponsor and the Company have entered into Non-Redemption Agreements with several unaffiliated third parties (the "Investors") on substantially the same terms in exchange for their agreement to not redeem an aggregate of 2,432,185 ordinary shares in the Company at the Special Stockholder Meeting. evidence_url: https://www.sec.gov/Archives/edgar/data/1866226/000101376223000737/0001013762-23-000737-index.htm - Material Agreements Evolution Metals & Technologies Corp. entered into Working Capital Note with Welsbach Acquisition Holdings LLC (the "Sponsor") valued at $22,000 (effective 2023-09-28). - Action: entry - Counterparty: Welsbach Acquisition Holdings LLC (the "Sponsor") - Value: $22,000 - Effective: 2023-09-28 source text: On September 28, 2023, the Company issued a promissory note (the "Working Capital Note") in the principal amount of $22,000 to the Sponsor in exchange for cash for an aggregate total Working Capital Loan of $484,000 as of the date hereof. evidence_url: https://www.sec.gov/Archives/edgar/data/1866226/000101376223000737/0001013762-23-000737-index.htm - Material Agreements Evolution Metals & Technologies Corp. amended Investment Management Trust Agreement with Continental Stock Transfer & Trust Company (effective 2023-09-29). - Action: amendment - Counterparty: Continental Stock Transfer & Trust Company - Effective: 2023-09-29 source text: on September 29, 2023, Welsbach Technology Metals Acquisitions Corp. (the "Company" or "WTMA") and Continental Stock Transfer & Trust Company entered into an amendment to the Investment Management Trust Agreement, dated September 29, 2023, by and between Continental Stock Transfer & Trust Company and the Company (the "Trust Agreement"). evidence_url: https://www.sec.gov/Archives/edgar/data/1866226/000101376223000737/0001013762-23-000737-index.htm - Shareholder Votes Evolution Metals & Technologies Corp. shareholders approved Amend the Charter to extend the Combination Period from September 30, 2023 to up to June 30, 2024 at the 2023-09-29 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-09-29 source text: The stockholders approved the proposal to amend (the “Charter Amendment”) the Company’s Charter by allowing the Company to extend (the “Extension”) the date by which it has to consummate a business combination (the “Combination Period”) with a target (the “Target”) for up to an additional nine months, from September 30, 2023, to up to June 30, 2024. evidence_url: https://www.sec.gov/Archives/edgar/data/1866226/000101376223000737/0001013762-23-000737-index.htm - Shareholder Votes Evolution Metals & Technologies Corp. shareholders approved Amend the Trust Agreement to extend the Combination Period for up to an additional nine months to June 30, 2024 at the 2023-09-29 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-09-29 source text: The stockholders approved the proposal to amend (the “Trust Amendment” and together with the Charter Amendment, the “Extensions”) the Trust Agreement, allowing the Company to extend the Combination Period for up to an additional nine months, from September 30, 2023, to up to June 30, 2024 (the “Trust Amendment”), for no contribution to the trust account. evidence_url: https://www.sec.gov/Archives/edgar/data/1866226/000101376223000737/0001013762-23-000737-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.