New York, NY, Jan. 14, 2022 (GLOBE NEWSWIRE) — Welsbach Technology Metals Acquisition Corp. (the “Company”) introduced right this moment the closing of the issuance of an extra 227,686 models pursuant to the partial train of the underwriters’ choice to buy extra models in reference to its preliminary public providing at a worth of $10.00 per unit, leading to gross proceeds of $2,276,860 and bringing the entire gross proceeds of the preliminary public providing to $77,276,860. The Company’s models commenced buying and selling on the Nasdaq Global Market (“Nasdaq”) on December 28, 2021, below the ticker image “WTMAU.” Each unit consists of one share of the Company’s frequent inventory and one proper to obtain one-tenth (1/10) of a share of frequent inventory upon the consummation of an preliminary enterprise mixture. Once the securities comprising the models start separate buying and selling, the shares of frequent inventory and rights are anticipated to be listed on Nasdaq below the symbols “WTMA” and “WTMAR,” respectively.
The Company is a clean test firm shaped for the aim of effecting a merger, capital inventory change, asset acquisition, inventory buy, reorganization or comparable enterprise mixture with a number of companies. While the Company might pursue an acquisition in any enterprise trade or sector, it intends to pay attention its efforts on targets within the expertise metals and power transition supplies trade. The Company is led by Chief Executive Officer Daniel Mamadou and Chief Operating Officer Chris Clower.
Chardan is appearing as sole book-running supervisor of the providing.
Of the proceeds acquired from the consummation of the providing and a simultaneous personal placement of models, $77,276,860 million (or $10.00 per unit bought within the providing) was positioned within the Company’s belief account. An audited stability sheet of the Company as of December 30, 2021 reflecting receipt of the proceeds upon consummation of the providing and the personal placement (however not together with the closing of the extra models described herein) was included as an exhibit to a Current Report on Form 8-Ok filed by the Company with the Securities and Exchange Commission (the “SEC”) on January 6, 2022.
The providing is being made solely by means of a prospectus. Copies of the preliminary prospectus regarding the providing and ultimate prospectus, when obtainable, could also be obtained from Chardan, 17 State Street, Suite 2100, New York, New York 10004.
A registration assertion relating to those securities has been filed with, and declared efficient by, the SEC on December 27, 2021. This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase, nor shall there be any sale of these securities in any state or jurisdiction during which such a suggestion, solicitation or sale could be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction.
This press launch accommodates statements that represent “forward-looking statements,” together with with respect to the profitable consummation of the Company’s preliminary public providing, the models, frequent inventory and rights buying and selling on NASDAQ and the seek for an preliminary enterprise mixture. No assurance might be on condition that the providing mentioned above will probably be accomplished on the phrases described, or in any respect, or that the web proceeds of the providing will probably be used as indicated. Forward-looking statements are topic to quite a few situations, many of that are past the management of the Company, together with these set forth within the Risk Factors part of the Company’s registration assertion for the providing filed with the SEC. Copies can be found on the SEC’s web site, www.sec.gov. The Company undertakes no obligation to replace these statements for revisions or adjustments after the date of this launch, besides as required by regulation.
Daniel Mamadou Chief Executive Officer Welsbach Technology Metals Acquisition Corp. (510) 900-0242
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