Welsbach Technology Metals and WaveTech mutually terminate merger agreement

Evolution Metals & Technologies Corp.

Termination effective June 15, 2023; parties cite unfavorable market conditions for integration.
Company intends to withdraw its S-4 registration statement filed in connection with the merger.
Termination and Release Agreement executed; all Ancillary Agreements except Confidentiality Agreement terminated.
WTMAC CEO Daniel Mamadou and WaveTech CEO Dag Valand expressed mutual respect and best wishes.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Evolution Metals & Technologies Corp. terminated Termination and Release Agreement with Welsbach Technology Metals Acquisition Corp., WTMA Merger Subsidiary Corp., WaveTech Group, Inc. valued at Termination and Release Agreement mutually terminated the Merger Agreement dated October 31, 2022 (a (effective 2023-06-15).

Action: termination
Agreement: merger
Counterparty: Welsbach Technology Metals Acquisition Corp., WTMA Merger Subsidiary Corp., WaveTech Group, Inc.
Value: Termination and Release Agreement mutually terminated the Merger Agreement dated October 31, 2022 (a
Effective: 2023-06-15

Exact text from the filing

On June 15, 2023, the Company, Merger Sub, and WaveTech entered into a Termination and Release Agreement (the “Termination and Release Agreement”) pursuant to which, among other things, the Company and WaveTech mutually terminated the Merger Agreement pursuant to Section 10.01(a) thereof.

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Source: SEC EDGAR

accession 0001213900-23-049388

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