Mining company European Lithium and Sizzle Acquisition today posted to their websites an investor webcast discussing their recently announced business combination. The webcast can be accessed here and here.
If approved, upon closing the newly formed company would be named Critical Metals, which would list on the Nasdaq under the symbol CRML. The deal is expected to close in the first half of 2023.
The transaction is expected to provide approximately $159 million before expenses and the impact of any redemptions.
The deal values the combined entity at an implied pro forma enterprise value of approximately $838 million, and at an implied pro forma market capitalization of approximately $972 million. The implied pre-money equity value is $750 million.
