Welsbach Technology Metals Acquisition approved an extension on its merger deadline to Dec. 30.
The SPAC also approved the issuance and sale of a $772,768 non-interest bearing, unsecured promissory note to its sponsor. Any portion of the unpaid note can be converted into units at a price of $10 each if the SPAC completes a deal.
Welsbach raised $75 million in a December 2021 IPO with plans to focus on targets in the Technology Metals and ETMs sectors, excluding China, Hong Kong and Macau. Read more.
