Welsbach Technology Metals Acquisition Corp. and Evolution Metals LLC Announce $500 Million PIPE Anchor Equity Investment and $6.2 Billion Debt Facility Term Sheet from Broughton Capital Group
WTMAWelsbach Technology Metals Acquisition (WTMA) GlobeNewswire News Room·2024-08-02 05:11

Chicago, IL, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Welsbach Technology Metals Acquisition Corp. (NASDAQ: WTMA) ("WTMA") and Evolution Metals LLC ("EM") today announced that, inter alios, WTMA and EM have entered into a Term Sheet (the "Term Sheet") with certain legally binding clauses with Broughton Capital Group ("BCG") for BCG, through a special purpose investment vehicle, to provide an equity investment ("Anchor Equity Investor") of US$500 million through a private investment in public equity ("PIPE Anchor E ...