Welsbach Technology Metals Acquisition Extends Deadline by 3 Months to Close $228M Deal with WaveTech

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.


Source: Welsbach Technology Metals Acquisition Extends Deadline by 3 Months to Close 8M Deal with WaveTech