---
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"
generated_at: "2026-06-08T04:04:20.041107+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Welsbach Tech Metals SPAC issues $50K working capital note to sponsor

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-086424
- JSON: https://secwatch.observer/filing/0001213900-23-086424.json
- Plain text: https://secwatch.observer/filing/0001213900-23-086424.txt

## Key facts
- Debt Financings
  Evolution Metals & Technologies Corp. incurred loan of $50,000 with Welsbach Acquisition Holdings LLC at non-interest bearing.
  - Instrument: loan
  - Principal: $50,000
  - Counterparty: Welsbach Acquisition Holdings LLC
  - Rate: non-interest bearing
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1866226/000121390023086424/0001213900-23-086424-index.htm
- Material Agreements
  Evolution Metals & Technologies Corp. entered into Working Capital Note with Welsbach Acquisition Holdings LLC valued at $50,000 (effective 2023-11-10).
  - Action: entry
  - Counterparty: Welsbach Acquisition Holdings LLC
  - Value: $50,000
  - Effective: 2023-11-10
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1866226/000121390023086424/0001213900-23-086424-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.