FOR IMMEDIATE RELEASE
New York, NY, Sept. 30, 2022 (GLOBE NEWSWIRE) — Welsbach Technology Metals Acquisition Corp. (the “Company“), announced today that on September 30, 2022, it issued and sold to Welsbach Acquisition Holdings LLC (the “Sponsor”) an unsecured, non-interest bearing promissory note equal to $772,768.60 (the “Product”), and that such proceeds were deposited into the Company’s trust account on September 27, 2022. As such, pursuant to Section G of the Company’s Amended and Restated Certificate of Incorporation, the time period within which available to the company to carry out a business combination has been extended until December 30, 2022 inclusive. This note would not be redeemed in the event that the Company is unable to enter into a business combination unless there are funds available outside of the trust account to do so and would either be paid to the consummation of the initial business combination from the proceeds of the trust account delivered to the Company or, at the discretion of the limited partner, converted, in whole or in part, upon the completion of our business combination into additional private units priced at $10.00 per unit.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. prior to registration or qualification under the securities laws of such state or territory.
Caution Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements”, including with respect to the potential conversion of the promissory note by the limited partner into additional private placement units and the anticipated deposit of the proceeds of such purchase into the trust account. of the society. No guarantee can be given that the transactions described above will be carried out under the conditions described, or not at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control.
Christopher Clower, Welsbach Technology Metals Acquisition Corp.