Source-grounded facts extracted from Evolution Metals & Technologies Corp.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Evolution Metals & Technologies Corp. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“May 21, 2026, Evolution Metals & Technologies Corp. (the “Company”) received a notice (the “Notice”) from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that”
Earnings Releases
Evolution Metals & Technologies Corp. reported financial results for the three months ended March 31, 2026.
“On May 22, 2026, Evolution Metals & Technologies Corp. (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.”
Earnings Releases
Evolution Metals & Technologies Corp. reported the Three Months Ended March 31, 2026 results: revenue $ 1,879, net income $ (441,633 ), EPS $ (0.72 ).
“Revenues $ 1,879 Cost of sales (1,434 ) Gross profit 445 Operating expense: Selling, general and administrative (17,339 ) Operating loss (16,894 ) Other income (expense): Interest (expense) income, net (705 ) Other income (expense), net 1,170 Provision for credit losses — Change in fair value of financial instruments (425,227 ) Gain on foreign currency 15 Loss before income taxes (441,641 ) Income tax expense 8 Net loss $ (441,633 ) Net loss per share attributable to common stockholders Basic and diluted $ (0.72 ) Weighted average shares of common stock Basic and diluted 611,903,892”
Material Agreements
Evolution Metals & Technologies Corp. entered into Eight Equipment Supply Contracts with ULVAC Korea, Ltd. valued at Purchase of vacuum induction melting furnaces and continuous vacuum sintering furnaces (effective 2026-05-13).
“On May 13, 2026, Evolution Metals LLC, (“EM LLC”), a wholly owned subsidiary of Evolution Metals & Technologies Corp. (the “Company”), entered into eight separate equipment supply contracts (collectively, the “Contracts” and each a “Contract”) with ULVAC Korea, Ltd. (“ULVAC Korea”) for the purchase of vacuum induction melting furnaces and continuous vacuum sintering furnaces.”
Debt Financings
Evolution Metals & Technologies Corp. incurred convertible notes of $5,775,000 with YA II PN, LTD. (Yorkville) at 5.0% maturing November 7, 2027.
“The second Convertible Debenture in the principal amount of $5,775,000 is expected to be issued upon effectiveness of the Registration Statement on Form S-1, which the Company has agreed to file pursuant to the Registration Rights Agreement, as such term is defined below.”
Debt Financings
Evolution Metals & Technologies Corp. incurred convertible notes of $20,000,000 with YA II PN, LTD. (Yorkville) at 5.0% maturing November 7, 2027.
“The first Convertible Debenture (the “First Debenture”) in the principal amount of $20,000,000 was issued on May 7, 2026.”
Equity Issuances
Evolution Metals & Technologies Corp. issued convertible note to YA II PN, LTD. (Yorkville) for $100,000,000 aggregate principal amount.
“The first Convertible Debenture (the “First Debenture”) in the principal amount of $20,000,000 was issued on May 7, 2026.”
Material Agreements
Evolution Metals & Technologies Corp. entered into Securities Purchase Agreement with YA II PN, LTD. valued at up to $100,000,000 (effective 2026-05-07).
“On May 7, 2026, Evolution Metals & Technologies Corp. (“EMAT” or the “Company”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with YA II PN, LTD. (“Yorkville”), a fund managed by Yorkville Advisors Global, LP, pursuant to which the Company agreed to issue and sell to Yorkville convertible debentures in the aggregate principal amount of up to $100,000,000”
Equity Issuances
Evolution Metals & Technologies Corp. issued common stock.
“On the Closing Date, in connection with the consummation of the Business Combination, the Company adopted the Amended and Restated Certificate of Incorporation of EMAT (as amended and restated, the “Charter”) and the Amended and Restated Bylaws of EMAT (as amended and restated, the “Bylaws”). The Charter became effective upon filing with the Secretary of State of the State of Delaware on January 5, 2026 and includes the amendments proposed by the Advisory Governance Proposals.”
Governance Changes
Evolution Metals & Technologies Corp.: Ceased to be a shell company as a result of Business Combination closing (effective 2026-01-05).
“On January 5, 2026, as a result of the Closing, the Company ceased to be a shell company.”
Governance Changes
Evolution Metals & Technologies Corp.: Adopted new Code of Ethics for executive officers, directors, and employees (effective 2026-01-05).
“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”
Governance Changes
Evolution Metals & Technologies Corp.: Adopted Second Amended and Restated Certificate of Incorporation (effective 2026-01-05).
“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”
Governance Changes
Evolution Metals & Technologies Corp.: Company ceased to be a shell company on January 5, 2026 as a result of the Closing (effective 2026-01-05).
“On January 5, 2026, as a result of the Closing, the Company ceased to be a shell company.”
Governance Changes
Evolution Metals & Technologies Corp.: Board approved and adopted a new Code of Ethics on January 5, 2026, applying to all executive officers, directors, and employees (effective 2026-01-05).
“on January 5, 2026, 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, including its principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions.”
Governance Changes
Evolution Metals & Technologies Corp.: Adoption of Amended and Restated Bylaws effective January 5, 2026, in connection with the Business Combination (effective 2026-01-05).
“On the Closing Date, in connection with the consummation of the Business Combination, the Company adopted the Amended and Restated Certificate of Incorporation of EMAT (as amended and restated, the “Charter”) and the Amended and Restated Bylaws of EMAT (as amended and restated, the “Bylaws”). The Charter became effective upon filing with the Secretary of State of the State of Delaware on January 5, 2026 and includes the amendments proposed by the Advisory Governance Proposals.”
Governance Changes
Evolution Metals & Technologies Corp.: Adoption of Amended and Restated Certificate of Incorporation effective January 5, 2026, incorporating amendments from Advisory Governance Proposals (effective 2026-01-05).
“On the Closing Date, in connection with the consummation of the Business Combination, the Company adopted the Amended and Restated Certificate of Incorporation of EMAT (as amended and restated, the “Charter”) and the Amended and Restated Bylaws of EMAT (as amended and restated, the “Bylaws”). The Charter became effective upon filing with the Secretary of State of the State of Delaware on January 5, 2026 and includes the amendments proposed by the Advisory Governance Proposals.”
Material Agreements
Evolution Metals & Technologies Corp. entered into Agreement and Plan of Merger with WTMA, EM, NewCo, Inc., and William David Wilcox Jr. (effective 2026-01-05).
“On January 5, 2026, WTMA entered into that certain Agreement and Plan of Merger, dated as of January 5, 2026, by and among WTMA, EM, NewCo, Inc., a Delaware corporation (“NewCo”), and William David Wilcox Jr., as the sole stockholder of NewCo, as it may be amended or supplemented from time to time (the “Step 7 Merger Agreement”)”
M&A Transactions
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).
“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.”
M&A Transactions
Evolution Metals & Technologies Corp. underwent a change of control involving Welsbach Technology Metals Acquisition Corp. for $4,759,622,900 (closed 2026-01-05).
“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”
M&A Transactions
Evolution Metals & Technologies Corp. completed an acquisition involving Handa Lab Co., Ltd., KCM Industry Co., Ltd., KMMI INC., and NS World Co., Ltd. (closed 2026-01-05).
“As part of the Business Combination and prior to the closing of the Merger, EM acquired Handa Lab Co., Ltd., a Korean company (“Handa Lab”), KCM Industry Co., Ltd., a Korean company (“KCM”), KMMI INC., a Korean company (“KMMI”), and NS World Co., Ltd., a Korean company (“NS World” and, collectively with Handa Lab, KCM and KMMI, referred to as the “Korean Companies”).”
M&A Transactions
Evolution Metals & Technologies Corp. underwent a change of control involving Welsbach Technology Metals Acquisition Corp. (closed 2026-01-05).
“On January 5, 2026 (the “Closing Date”), following the approval at the special meeting of the shareholders of Welsbach Technology Metals Acquisition Corp., a Delaware corporation (“WTMA”), held on September 2, 2025, WTMA Merger Subsidiary LLC, a Delaware limited liability company, and a wholly owned subsidiary of WTMA (the “Merger Sub”) consummated a merger (the “Merger”) with and into Evolution Metals LLC, a Delaware limited liability company (“EM”) pursuant to an Amended and Restated Agreement and Plan of Merger”
Governance Changes
Evolution Metals & Technologies Corp.: Amended the certificate of incorporation to extend the business combination period by up to three months to March 30, 2026 (effective 2025-12-30).
“the Company filed a certificate of amendment to its amended and restated certificate of incorporation (the “Charter”) which became effective upon filing.”
Material Agreements
Evolution Metals & Technologies Corp. amended Investment Management Trust Agreement with Continental Stock Transfer & Trust Company (effective 2025-12-30).
“on December 30, 2025, Welsbach Technology Metals Acquisitions Corp. (the “Company” or “WTMA”) and Continental Stock Transfer & Trust Company entered into an amendment to the Investment Management Trust Agreement, dated December 30, 2025, by and between Continental Stock Transfer & Trust Company and the Company (the “Trust Agreement”).”
Listing & Compliance Notices
Evolution Metals & Technologies Corp. received a nasdaq delisting notice notice regarding other (rules IM-5101-2).
“December 31, 2024, Welsbach Technology Metals Acquisition Corp., (the “Company” or “WTMA”) received a letter (the “Notice”) from the Nasdaq Listing Qualifications department of The Nasdaq Stock Market LLC (“Nasdaq”) stat”
Justin Werner was appointed as director at Evolution Metals & Technologies Corp..
“On July 19, 2024, the Board appointed the New Director to serve as an independent director of the Company, and member of the Company’s Audit Committee and Compensation Committee”
Andrew Switaj resigned as director at Evolution Metals & Technologies Corp..
“and Mr. Andrew Switaj resigned from his position as director, and chair of the Compensation Committee, member of the Audit Committee, and member of the Special Committee of the of Board of Directors of the Company, effectively immediately on March 18, 2024”
Emily King resigned as director at Evolution Metals & Technologies Corp..
“On March 18, 2024, Ms. Emily King resigned from her position as director, and a member of the Audit Committee, member of the Compensation Committee, and member of the Special Committee of the Board of Directors of the Company, effective immediately on March 18, 2024”
Matthew Rockett was appointed as Independent Director at Evolution Metals & Technologies Corp..
“On July 12, 2024, the Board appointed the New Director to serve as an independent director of the Company, and member of the Company’s Audit Committee and Compensation Committee.”
Andrew Switaj resigned as Director at Evolution Metals & Technologies Corp..
“Mr. Andrew Switaj resigned from his position as director”
Emily King resigned as Director at Evolution Metals & Technologies Corp..
“On March 18, 2024, Ms. Emily King resigned from her position as director”
Andrew Switaj resigned as director at Evolution Metals & Technologies Corp..
“Mr. Andrew Switaj resigned from his position as director, and a member of the Audit Committee and Compensation Committee of the Board of Directors of the Company, effective immediately March 18, 2024”
Emily King resigned as director at Evolution Metals & Technologies Corp..
“On March 18, 2024, Ms. Emily King resigned from her position as director, and a member of the Audit Committee and Compensation Committee of the of Board of Directors of the Company, effective immediately March 18, 2024”
Listing & Compliance Notices
Evolution Metals & Technologies Corp. received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A)).
“December 7, 2023, Welsbach Technology Metals Acquisition Corp., (the “Company” or “WTMA”) received a letter (the “Notice”) from the Nasdaq Listing Qualifications department of Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company, which is currently on Nasdaq Global Market (“NGM”) tier, no longer complies with the requirements of Nasdaq Listing Rule 5450(b)(2)(A) (the “NGM Rule”) for continued listing on Nasdaq. Under the NGM Rule, the Company is required to maintain at least $50,000,000 market value of listed securities (the “NGM MVLS Requirement”). The Notice indicates that the Company”
Debt Financings
Evolution Metals & Technologies Corp. incurred loan of $50,000 with Welsbach Acquisition Holdings LLC at non-interest bearing.
“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”
Material Agreements
Evolution Metals & Technologies Corp. entered into Working Capital Note with Welsbach Acquisition Holdings LLC valued at $50,000 (effective 2023-11-10).
“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.”
Dominik Michael Oggenfuss was appointed as director at Evolution Metals & Technologies Corp..
“On October 16, 2023, the Board appointed the New Directors to serve as independent directors of the Company, and members of the Company’s Audit Committee and Compensation Committee.”
Andrew Switaj was appointed as director at Evolution Metals & Technologies Corp..
“On October 16, 2023, the Board appointed the New Directors to serve as independent directors of the Company, and members of the Company’s Audit Committee and Compensation Committee.”
Ralph Welpe resigned as director at Evolution Metals & Technologies Corp..
“and Dr. Ralph Welpe resigned from his position as director, and chair of the Audit Committee and member of the Compensation Committee of the of Board, effective immediately on October 11, 2023.”
Matthew T. Mrozinski resigned as director at Evolution Metals & Technologies Corp..
“On October 11, 2023, Mr. Matthew T. Mrozinski resigned from his position as director, and a member of the Audit Committee and chair of the Compensation Committee of the Board, effective on October 13, 2023”
Listing & Compliance Notices
Evolution Metals & Technologies Corp. received a nasdaq deficiency notice notice regarding other (rules 5450(a)(2)).
“October 9, 2023, Welsbach Technology Metals Acquisition Corp., (the “Company” or “WTMA”) received a letter (the “Notice”) from the Nasdaq Listing Qualifications department of Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company no longer complies with the requirements of Nasdaq Listing Rule 5450(a)(2) (the “Rule”) for continued listing on Nasdaq. Under the Rule, the Company is required to maintain at least 400 total holders (the “Total Holder Requirement”). The Notice indicates that the Company has 45 calendar days (the “Deadline”) to submit a plan (the “Compliance Plan”) to regain comp”
Governance Changes
Evolution Metals & Technologies Corp.: Stockholders approved an amendment to the Company's amended and restated certificate of incorporation to extend the business combination deadline from September 30, 2023 to June 30, 2024 (effective 2023-09-29).
“As approved by its stockholders at the special meeting, on September 29, 2023, the Company filed a certificate of amendment to its amended and restated certificate of incorporation (the “Charter”) which became effective upon filing.”
Shareholder Votes
Evolution Metals & Technologies Corp. shareholders approved Amend the Trust Agreement to extend the Combination Period for up to an additional nine months to June 30, 2024 at the 2023-09-29 meeting.
“The stockholders approved the proposal to amend (the “Trust Amendment” and together with the Charter Amendment, the “Extensions”) the Trust Agreement, allowing the Company to extend the Combination Period for up to an additional nine months, from September 30, 2023, to up to June 30, 2024 (the “Trust Amendment”), for no contribution to the trust account.”
Shareholder Votes
Evolution Metals & Technologies Corp. shareholders approved Amend the Charter to extend the Combination Period from September 30, 2023 to up to June 30, 2024 at the 2023-09-29 meeting.
“The stockholders approved the proposal to amend (the “Charter Amendment”) the Company’s Charter by allowing the Company to extend (the “Extension”) the date by which it has to consummate a business combination (the “Combination Period”) with a target (the “Target”) for up to an additional nine months, from September 30, 2023, to up to June 30, 2024.”
Material Agreements
Evolution Metals & Technologies Corp. amended Investment Management Trust Agreement with Continental Stock Transfer & Trust Company (effective 2023-09-29).
“on September 29, 2023, Welsbach Technology Metals Acquisitions Corp. (the "Company" or "WTMA") and Continental Stock Transfer & Trust Company entered into an amendment to the Investment Management Trust Agreement, dated September 29, 2023, by and between Continental Stock Transfer & Trust Company and the Company (the "Trust Agreement").”
Material Agreements
Evolution Metals & Technologies Corp. entered into Working Capital Note with Welsbach Acquisition Holdings LLC (the "Sponsor") valued at $22,000 (effective 2023-09-28).
“On September 28, 2023, the Company issued a promissory note (the "Working Capital Note") in the principal amount of $22,000 to the Sponsor in exchange for cash for an aggregate total Working Capital Loan of $484,000 as of the date hereof.”
Material Agreements
Evolution Metals & Technologies Corp. entered into Non-Redemption Agreement with several unaffiliated third parties (the "Investors").
“the Sponsor and the Company have entered into Non-Redemption Agreements with several unaffiliated third parties (the "Investors") on substantially the same terms in exchange for their agreement to not redeem an aggregate of 2,432,185 ordinary shares in the Company at the Special Stockholder Meeting.”
Debt Financings
Evolution Metals & Technologies Corp. incurred convertible notes of $84,000 with Welsbach Acquisition Holdings LLC (the Sponsor) at non-interest bearing maturing payable upon consummation of the Initial Business Combination or convertible into units.
“On July 30, 2023, the Company issued a promissory note (the “ Working Capital Note ”) in the principal amount of $84,000 to the Sponsor in exchange for cash. The Working Capital Note is a non-interest bearing, unsecured promissory note that will not be repaid in the event that the Company is unable to close an Initial Business Combination unless there are funds available outside the trust account to do so. Such Working Capital Note would either be paid upon consummation of the Initial Business Combination out of the proceeds of the Trust Account released to the Company or, at the Sponsor’s discretion, converted, in full or in part, upon consummation of the Initial Business Combination into additional private units at a price of $10.00 per unit.”
Debt Financings
Evolution Metals & Technologies Corp. incurred convertible notes of Extension Payment with Welsbach Acquisition Holdings LLC (the Sponsor) at non-interest bearing maturing repayable upon closing of a business combination.
“upon the deposit by Welsbach Acquisition Holdings LLC (the “ Sponsor ”) or their affiliate or designee, into the trust account of $125,000 for each additional one month extension (the “ Extension Payment ”) in exchange for a non-interest bearing, unsecured promissory note, convertible at the option of the holder, in full or in part, into units at a price of $10.00 per unit, which units will be identical to the private placement units issued in connection with the initial public offering of the Company’s units and repayable upon closing of a business combination (the “ Extension Note ”). On July 30, 2023 the Company issued an Extension Note to the Sponsor in respect of an Extension Payment.”
Material Agreements
Evolution Metals & Technologies Corp. entered into Extension Note with Welsbach Acquisition Holdings LLC valued at up to $125,000 per month for up to six months, non-interest bearing, unsecured, convertible at $10.0 (effective 2023-07-30).
“o up to September 30, 2023, upon the deposit by Welsbach Acquisition Holdings LLC (the “ Sponsor ”) or their affiliate or designee, into the trust account of $125,000 for each additional one month extension (the “ Extension Payment ”) in”
Material Agreements
Evolution Metals & Technologies Corp. terminated Termination and Release Agreement with Welsbach Technology Metals Acquisition Corp., WTMA Merger Subsidiary Corp., WaveTech Group, Inc. valued at Termination and Release Agreement mutually terminated the Merger Agreement dated October 31, 2022 (a (effective 2023-06-15).
“On June 15, 2023, the Company, Merger Sub, and WaveTech entered into a Termination and Release Agreement (the “Termination and Release Agreement”) pursuant to which, among other things, the Company and WaveTech mutually terminated the Merger Agreement pursuant to Section 10.01(a) thereof.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.