WTMA SEC filings, in plain English
Everything Welsbach Technology Metals Acquisition Corp. has filed with the SEC that we hold — 40 filings, newest first, 8 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: The filing reports that Evolution Metals & Technologies Corp. has agreed to principal terms with Korea Electric Power Corporation (KEPCO) to expand electrical infrastructure in Pohang, Republic of Korea, from 130 MW to 750 MW capacity, including a right of first refusal for additional power. The company also agreed to acquire approximately 1.3 million square feet of adjacent land from the Pohang City Government on a freehold basis to expand its manufacturing facility footprint from 24,000 square feet to 482,000 square feet. KEPCO is expected to fund approximately 90% of the costs for related substation, cabling, and civil works. Additionally, the company anticipates receiving approximately US$20.7 million (₩ 28.3 billion) in grants from Pohang City and Gyeongbuk Province. These expansions are aligned with an anticipated immediate capacity increase to approximately 10,000 metric tons of NdFeB Sintered and Bonded Magnets in November 2026, resulting from machinery acquisition and installation from ULVAC. Why it matters: This agreement secures critical infrastructure scaling (power and physical space) necessary to support significant production growth, potentially doubling the manufacturing footprint and increasing power capacity nearly sixfold. It reduces capital expenditure risk by shifting ~90% of infrastructure costs to the power provider and provides substantial government financial support. However, these plans remain subject to completion of land-use arrangements and execution of power supply documentation, introducing execution risk regarding timing and final terms.
What changed: Evolution Metals Technologies Corp. (EM T) filed an 8-K under Item 7.01 to furnish a press release announcing its inclusion on FTSE Russell's preliminary lists for the broad-market Russell 3000 Index and the small-cap Russell 2000 Index as part of the third-quarter 2026 IPO additions process, with effective inclusion expected on September 21, 2026, subject to standard review. Why it matters: The filing discloses that EM T is not currently in redemption or extension status but is instead operating as a post-business combination public company; the event signals anticipated increased visibility among institutional investors and potential liquidity benefits from index inclusion, while explicitly noting risks that FTSE Russell may revise eligibility or that inclusion may not result in anticipated benefits.
What changed: The filing discloses that as of August 23, 2026, Evolution Metals Technologies Corp. issued convertible debentures with an aggregate principal amount of $25.775 million to YA II PN, Ltd. (Yorkville). As of that date, Yorkville had converted $5.775 million of the principal, leaving $20.0 million outstanding. Why it matters: This establishes the current debt load and conversion status of a key financing arrangement for the company, which is subject to risks regarding the availability of additional funding, mutual agreement on draws, and future conversions into common stock.
What changed: Q2 2026 10-Q filed under the CIK formerly used by Welsbach Technology Metals Acquisition Corp., now filed by Evolution Metals Technologies Corp. (Nasdaq: EMAT), a post-combination operating company in rare-earth and battery-materials recycling. The cover states 621,800,646 shares of common stock outstanding as of August 17, 2026 and a quarterly period ended June 30, 2026. Why it matters: The registrant is no longer a blank-check company and the report carries no trust or redemption terms. This summary covers the cover page and forward-looking section of the report; the balance sheet and statements of operations are not covered here.
going-concern doubtnothing moved · 1 with no prior record of ours
- Going-concern doubt
- stated · unchanged
The clause …“and a net working capital deficit of $ 78.8 million. These are indicators of substantial doubt as to the Company’s ability to continue as a going concern for at least one year from issuance of these Unaudited condensed consolidated”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Evolution Metals & Technologies Corp. (Nasdaq: EMAT) reported that on August 13, 2026 its board appointed General Thomas A. Bussiere (ret.) as an independent Class I director effective immediately and to the audit, compensation and nominating and corporate governance committees, with no arrangements or understandings behind the selection and no family relationships or Item 404(a) interests. Why it matters: The audit committee chair changed hands twice in three days — Stoddard resigned on August 11 and Locker took the chair on August 12 — with the new director joining the committee on August 13. The document gives two different descriptions of the incoming director's most senior command, so the summary line and the biography in the same filing do not agree.
What changed: Item 7.01 8-K of Evolution Metals Technologies Corp. (Nasdaq: EMAT), filed under Welsbach Technology Metals Acquisition Corp's CIK. On August 10, 2026 the company issued a press release announcing the appointment of Kenji Konishi as Head of Magnet Engineering & Production, furnished as Exhibit 99.1 under Regulation FD rather than filed. Why it matters: A management appointment furnished rather than filed, with the appointee's background and terms only in the exhibit; no compensatory arrangement is disclosed in the 8-K body and it is not reported under Item 5.02.
What changed: 8-K of Evolution Metals Technologies Corp. Item 7.01 (Regulation FD disclosure): on July 22, 2026 the Company issued a press release announcing that it has received its first shipment of neodymium-praseodymium (NdPr) metal under its previously executed supply agreement with Senri Trading Co., Ltd. The press release is furnished as Exhibit 99.1 and is not deemed filed for Section 18 purposes nor incorporated by reference into Securities Act or Exchange Act filings except by specific reference. Exhibit 104 is the Inline XBRL cover page. Why it matters: An operational milestone furnished rather than filed. The report states no volume, no price, no contract term and no counterparty obligation, and it does not identify where the supply agreement itself is on file, so nothing here can be measured against the agreement it performs.
What changed: Evolution Metals & Technologies Corp., the Welsbach Technology Metals Acquisition Corp. successor, furnished a July 7, 2026 press release announcing an agreement with Senri Trading Co., Ltd. for the purchase of neodymium-praseodymium metal sourced from a non-China supplier, for use in its rare earth permanent magnet production operations. The release is Exhibit 99.1 and the information is furnished rather than filed, so it is not subject to Section 18 liability or incorporated by reference into other filings. Why it matters: Securing NdPr metal outside China is the binding constraint for any Western permanent magnet producer, since China controls most refining capacity and has used export controls on these materials. An offtake agreement therefore addresses the single largest execution risk in the business plan former WTMA holders bought into. The filing gives no volume, price or term, so the extent to which it covers planned production cannot be judged from this disclosure.
trust account, combination deadline, going-concern doubt +2nothing moved · 5 with no prior record of ours
- Trust account
- $80.4Mnot matched in this filing
- Combination deadline
- 2025-12-30not matched in this filing
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $2.3Mnot matched in this filing
- Redeemable shares
- 564Knot matched in this filing
The clause …“and a net working capital deficit of $ 81.8 million. These are indicators of substantial doubt as to the Company’s ability to continue as a going concern for at least one year from issuance of these Unaudited condensed consolidated”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2025-03-25deadline 2025-06-30 → 2025-09-30shares 1.08M → 564K -48%
combination deadline, redeemable shares, trust account +32 moved · 4 with no prior record of ours
- Combination deadline
- 2025-06-302025-09-30
- Redeemable shares
- 1.08M564K
- Trust account
- $80.4M · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $2.3M · unchanged
- Mandate language
- We intend to focus our search for our initial business combi…not matched in this filing
SpacBrain reads this as 92 days later than the previous record.
The clause …“other things, extending the Agreement End Date of the Merger Agreement to September 30, 2025. Amendment No. 5 to Merger Agreement On July 21, 2025, the Company entered into an Amendment No. 5 to Amended and Restated Agreement and”…
SpacBrain reads this as 518,452 shares are no longer redeemable.
The clause …“29, 2025 (less funds that may be withdrawn to pay taxes). Accordingly, 564,337 and 1,082,789 shares of common stock subject to possible redemption on December 31, 2025 and 2024, respectively, are presented as temporary equity,”…
The clause …“approximately $ 37.8 million in the Trust Account, based on the approximately $ 80.4 million held in the Trust Account. The amount due to the redeeming stockholders was disbursed on April 10, 2023. On April 10, 2023, $ 42.6 million was”…
The clause …“liquidity sufficient to operate its business effectively, which raises substantial doubt about each subsidiary’s ability to continue as a going concern. Each of the Company’s recently acquired subsidiaries’ historical financial”…
The clause …“ASC 815-15-25-1. As of December 31, 2025 and 2024, respectively, there was $2,296,371 outstanding under the Convertible Promissory Notes reported in Convertible promissory notes – related party in the accompanying consolidated”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.