secwatch.observer — SEC 8-K summary
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Issuer:     Evolution Metals & Technologies Corp. (EMAT)
CIK:        0001866226
Form:       8-K/A
Filed at:   2026-01-09T23:59:59+00:00
Accession:  0001213900-26-003038
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 3.03, 1.01, 2.01, 5.02, 9.01, 2.03, 3.02, 5.01, 5.03, 5.05, 5.06, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Evolution Metals completes business combination with WTMA, changes name to EMAT and closes $80M bridge loan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866226/000121390026003038/0001213900-26-003038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866226/000121390026003038/ea0272376-8ka1_evolution.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-003038

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