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.
Source: Welsbach Buys Another Month for 5K After Calling Off WaveTech Deal
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
- Source: https://spacfeed.com/welsbach-buys-another-month-for-125k-after-calling-off-wavetech-deal
- :is
- 000
- 30
- 7
- a
- About
- acquisition
- After
- ago
- Agreement
- ahead
- and
- Another
- Buys
- by
- calling
- deal
- extension
- extra
- fifth
- For
- Group
- Half
- holds
- HTML
- HTTPS
- in
- into
- Issued
- ITS
- jpg
- July
- Last
- March
- Merger
- Metals
- million
- Month
- more
- mutual
- next-generation
- now
- of
- off
- out
- plato
- Plato Data Intelligence
- PlatoData
- proceeds
- proposed
- Read
- return
- s
- since
- SPAC
- specializes
- sponsor
- Technologies
- Technology
- than
- The
- this
- time
- Trust
- two
- until
- Vote
- Weeks
- with
- zephyrnet