Welsbach Technology Metals Acquisition Faces Delisting from Nasdaq

Welsbach Technology Metals Acquisition Corp. (NASDAQ: WTMA) recently disclosed in an 8-K form filed with the Securities and Exchange Commission that it received a notice from the Nasdaq Listing Qualifications department. The notice highlighted the company’s failure to meet the requirements specified under IM-5101-2 for continued listing on Nasdaq due to its inability to complete its initial business combination within the stipulated 36-month period, ending on December 27, 2024.

As a consequence, Nasdaq notified Welsbach Technology Metals Acquisition that its securities, including common stock, rights, and units, will be delisted and suspended from trading on January 7, 2025. Following this announcement, a Form 25-NSE will be submitted to the Securities and Exchange Commission, resulting in the removal of the company’s securities from listing and registration on Nasdaq.

In response to the impending delisting, Welsbach Technology Metals Acquisition Corp. is in the process of pursuing the listing of its securities on OTC Markets. The company anticipates that its securities would begin trading on OTC Markets either before or immediately after the delisting from Nasdaq.

This disclosure bore a cautionary statement cautioning readers that certain statements made in the 8-K filing are considered forward-looking within the context of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements address predictions and projections regarding future events based on current expectations and assumptions but are subject to inherent risks and uncertainties that could lead to deviations from the anticipated outcomes.

Additionally, the company included an exhibit index listing a Cover Page Interactive Data File (embedded within the Inline XBRL document) as Exhibit No. 104.

While the delisting from Nasdaq looms over Welsbach Technology Metals Acquisition, the company is in the midst of taking the necessary steps to transition its securities to OTC Markets. Despite this setback, the company remains committed to meeting its objectives moving forward.

Please note that all forward-looking statements are made as of the date of their declaration, and readers are advised not to place undue reliance on these statements. Welsbach Technology Metals Acquisition Corp. also clarified that it does not commit to updating or revising forward-looking statements, barring any mandatory requirements to do so.

For those seeking further information on this matter, Welsbach Technology Metals Acquisition Corp. can be reached at the following contact details:
– Address: 4422 N. Ravenswood Ave #1025, Chicago, IL, 60640
– Telephone number: (251) 280-1980

This news was sourced from the Form 8-K filing submitted to the SEC by Welsbach Technology Metals Acquisition Corp. on January 6, 2025, regarding the events of December 31, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Welsbach Technology Metals Acquisition’s 8K filing here.

Welsbach Technology Metals Acquisition Company Profile

Welsbach Technology Metals Acquisition Corp. does not have significant operations. The company intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the technology metals and energy transition metals markets.