Welsbach Technology Metals Acquisition extended its merger deadline until July 30 and issued its sponsor a $125,000 promissory note, depositing the proceeds into trust in return for the extra time. This is the fifth extension since November
The SPAC two weeks ago ended a proposed merger with WaveTech Group by mutual agreement. WaveTech specializes in next-generation battery-enhancing technologies.
Redemptions ahead of the last extension vote in March wiped out more than half the SPAC’s trust. Welsbach now holds about $37.7 million. Read more.
