{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-086424","form_type":"8-K","ticker":"EMAT","cik":"0001866226","company_name":"Evolution Metals & Technologies Corp.","filed_at":"2023-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.193612+00:00","generated_at":"2026-06-08T04:04:20.041107+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Welsbach Tech Metals SPAC issues $50K working capital note to sponsor","bullets":["Non-interest bearing, unsecured promissory note for $50,000 issued to Sponsor Welsbach Acquisition Holdings LLC.","Note repaid only if business combination closes or converted into private units at $10.00 per unit at Sponsor's discretion.","Additional working capital notes may be funded up to $1.5 million total at Sponsor's discretion.","Units issued upon conversion will be registrable under existing registration rights agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-086424","json":"https://secwatch.observer/filing/0001213900-23-086424.json","markdown":"https://secwatch.observer/filing/0001213900-23-086424.md","text":"https://secwatch.observer/filing/0001213900-23-086424.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1866226/000121390023086424/0001213900-23-086424-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1866226/000121390023086424/ea188332-8k_welsbach.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T04:04:20.041107+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6f9883bb6d58539c808a7c58cc7510f6347a480d","claim":"Evolution Metals & Technologies Corp. incurred loan of $50,000 with Welsbach Acquisition Holdings LLC at non-interest bearing.","evidence_excerpt":"issued a promissory note (the “Working Capital Note”) in the principal amount of $50,000 to Welsbach Acquisition Holdings LLC (the “Sponsor”) in exchange for cash. The Working Capital Note is a non-interest bearing, unsecured promissory note","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1866226/000121390023086424/0001213900-23-086424-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$50,000"},{"label":"Counterparty","value":"Welsbach Acquisition Holdings LLC"},{"label":"Rate","value":"non-interest bearing"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c6f80250164a8bdec4271b67ddd83f90249badef","claim":"Evolution Metals & Technologies Corp. entered into Working Capital Note with Welsbach Acquisition Holdings LLC valued at $50,000 (effective 2023-11-10).","evidence_excerpt":"On November 10, 2023, Welsbach Technology Metals Acquisitions Corp. (the “Company” or “WTMA”) issued a promissory note (the “Working Capital Note”) in the principal amount of $50,000 to Welsbach Acquisition Holdings LLC (the “Sponsor”) in exchange for cash.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1866226/000121390023086424/0001213900-23-086424-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Welsbach Acquisition Holdings LLC"},{"label":"Value","value":"$50,000"},{"label":"Effective","value":"2023-11-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}