8-K/A
filed January 9, 2026, 6:59 PM ET
ticker EMAT
CIK 0001866226
M&A
confidence high
sentiment positive
materiality 0.90
Evolution Metals & Technologies Corp. (EMAT): M&A transaction — Evolution Metals completes business combination with WTMA, changes name to EMAT and closes $80M bridge loan
Evolution Metals & Technologies Corp.
- Merger closed Jan 5, 2026; WTMA renamed to Evolution Metals & Technologies Corp. (EMAT) and trades on Nasdaq.
- Consideration valued at ~$4.76B; David Wilcox received shares worth $61.9M in Step 7 Merger.
- EM also acquired four Korean companies: Handa Lab, KCM, KMMI, NS World for aggregate purchase of $48.1M, deferred.
- Bridge loan of $80M at 6.00% p.a., maturing 5 business days after closing, unsecured for general corporate purposes.
- Lock-up agreements: EM equityholders locked up until third anniversary; Korean equityholders locked up 7 days post-closing.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Evolution Metals & Technologies Corp.: Adopted new Code of Ethics for executive officers, directors, and employees (effective 2026-01-05).
- Change
- code of ethics
- Effective
- 2026-01-05
Exact text from the filing
the Board approved and adopted a new code of ethics (the “Code of Ethics”) that applies to all of its executive officers, directors and employees
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Evolution Metals & Technologies Corp.: Ceased to be a shell company as a result of Business Combination closing (effective 2026-01-05).
- Change
- shell status
- Effective
- 2026-01-05
Exact text from the filing
On January 5, 2026, as a result of the Closing, the Company ceased to be a shell company.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Evolution Metals & Technologies Corp.: Adopted Second Amended and Restated Certificate of Incorporation (effective 2026-01-05).
- Change
- charter amendment
- Effective
- 2026-01-05
Exact text from the filing
Evolution Metals & Technologies Corp. adopted the Second Amended and Restated Certificate of Incorporation, which Welsbach Technology Metals Acquisition Corp. stockholders previously approved and adopted on September 2, 2025, and the Amended and Restated Bylaws
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Evolution Metals & Technologies Corp. completed an acquisition involving Evolution Metals & Technologies Corp. (as surviving entity of EM) for $48,118,084 (closed 2026-01-05).
- Action
- acquisition
- Counterparty
- Evolution Metals & Technologies Corp. (as surviving entity of EM)
- Consideration
- $48,118,084
- Closing
- 2026-01-05
Exact text from the filing
On January 5, 2026, EM and the applicable Korean Companies executed the Step 6-D transaction documents providing for EM’s acquisition of all EM Member Units held by such Korean Companies for an aggregate purchase price of $48,118,084.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Evolution Metals & Technologies Corp. underwent a change of control involving Welsbach Technology Metals Acquisition Corp. for $4,759,622,900 (closed 2026-01-05).
- Action
- change of control
- Counterparty
- Welsbach Technology Metals Acquisition Corp.
- Consideration
- $4,759,622,900
- Closing
- 2026-01-05
Exact text from the filing
as well as certain definitions under the Merger Agreement, and also updated the closing merger consideration to mean a number of WTMA Common Stock shares having a value equal to $4,759,622,900 to be delivered to David Wilcox or his trust (the “Company Equityholder”) in payment of the aggregate Merger consideration. As disclosed under the section titled “ Amendment No. 4
View on SEC.gov
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