Welsbach Technology Metals Acquisition today said the Sept. 28 meeting for shareholders to vote on a deadline extension has been pushed to Friday, Sept. 29 at 2 p.m. Eastern. As a result, the redemption deadline has been extended until tomorrow at 5 p.m. Eastern.
Welsbach in an 8-K filing yesterday said it would discuss a non-redemption agreement with select invstors, but made not further announcement in the latest filing.
Welsbach in June called off a merger with WaveTech Group by mutual agreement.
Redemptions ahead of an extension vote in March wiped out more than half the SPAC’s trust. Welsbach as of June had about $37.7 million in trust.
The SPAC raised $75 million in a December 2021 IPO. Read more.
