Welsbach Technology Metals Acquisition announced today that it has approved a deadline extension to March 30, 2023. The SPAC has a merger agreement with battery maker WaveTech.
Pryor Cashman is serving as legal advisor to WaveTech.
Chardan is serving as M&A and capital markets advisor to the SPAC. Cooley is legal advisor.
In return for the extension, the SPAC issued a non-interest bearing, unsecured promissory note of $772,768.60 to its sponsor. Any portion of the note can be converted into the SPAC’s securities. The SPAC’s trust currently contains approximately $78 million. Read more.
