Evolution Metals extends merger with WTMA to Sept 30, 2025, amends operating agreement

Evolution Metals LLC

Amendment No. 4 to Merger Agreement extends Agreement End Date to September 30, 2025.
Operating agreement amended to revise definition of 'Majority in Interest'.
Permits issuance of non-voting units subject to manager approval.
Allows member to transfer units to trust or entity for tax, financial, or retirement planning.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Evolution Metals LLC: Amendment to the Company's Operating Agreement to revise definition of 'Majority in Interest', permit issuance of non-voting units, and allow unit transfers for tax, financial or retirement planning purposes (effective 2025-05-16).

Change: bylaw amendment
Effective: 2025-05-16

Exact text from the filing

On May 16, 2025, the manager and sole common unitholder of EM adopted an amendment to the Company’s Operating Agreement (the “Operating Agreement Amendment”) to, among other things, revise the definition of “Majority in Interest,” permit the issuance of non-voting units, subject to approval by EM’s manager, and allow for the transfer of units by the member to a trust or other entity if such transfer is made for tax, financial or retirement planning purposes.

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Source: SEC EDGAR

accession 0001213900-25-054267

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