secwatch.observer — SEC 8-K summary
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Issuer:     Evolution Metals & Technologies Corp. (EMAT)
CIK:        0001866226
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001213900-23-086424
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866226/000121390023086424/0001213900-23-086424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866226/000121390023086424/ea188332-8k_welsbach.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-086424

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