−Removed: Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities.
−Removed: Market Information
−Removed: units, public shares and public rights are each traded on the Nasdaq under the symbols WTMAU,
−Removed: WTMA and WTMAR , respectively.
−Removed: Our units commenced public trading on December 28, 2021 ,
−Removed: and our public shares and public rights commenced separate public trading on January 20, 2022.
−Removed: On March 22, 2022, there were two holders of record of our units, thirteen
−Removed: holders of record of shares of our common stock and one holder of record of our public rights.
−Removed: have not paid any cash dividends on our common stock to date and do not intend to pay cash dividends prior to the completion of our initial
−Removed: business combination.
−Removed: The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements
−Removed: and general financial condition subsequent to completion of our initial business combination.
−Removed: The payment of any cash dividends subsequent
−Removed: to our initial business combination will be within the discretion of our board of directors at such time.
+Added: Market for Registrant’s Common
+Added: Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities.
+Added: Our units, public shares
+Added: and public rights are each traded on the Nasdaq under the symbols WTMAU, WTMA and WTMAR, respectively.
+Added: Our units commenced public trading
+Added: on December 28, 2021, and our public shares and public rights commenced separate public trading on January 20, 2022.
+Added: On January 31, 2023, there
+Added: were two holders of record of our units, thirteen holders of record of shares of our common stock and one holder of record of our public
+Added: (c) Dividends
+Added: We have not paid any cash
+Added: dividends on our common stock to date and do not intend to pay cash dividends prior to the completion of our initial business combination.
+Added: The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general
+Added: financial condition subsequent to completion of our initial business combination.
+Added: The payment of any cash dividends subsequent to our
+Added: initial business combination will be within the discretion of our board of directors at such time.
In addition, our board of directors
is not currently contemplating and does not anticipate declaring any stock dividends in the foreseeable future.
−Removed: Further, if we incur
−Removed: any indebtedness in connection with our initial business combination, our ability to declare dividends may be limited by restrictive
−Removed: covenants we may agree to in connection therewith.
−Removed: Securities Authorized for Issuance Under Equity Compensation Plans
−Removed: Recent Sales of Unregistered Securities
−Removed: Use of Proceeds from the Initial Public Offering
−Removed: December 30, 2021 , pursuant to the Registration Statement, which was declared effective
−Removed: on December 27, 2021, the Company consummated its initial public offering of 7,500,000 units.
−Removed: Each unit consists of one public share and one public right , with each public right entitling
−Removed: the holder thereof to one-tenth of one share of common stock.
−Removed: The units were sold at a price of $10.00 per unit, generating gross proceeds
−Removed: to the Company of $ 75,000,000 .
−Removed: Chardan Capital Markets, LLC acted
−Removed: as book-runner and representatives of the underwriters of the initial public offering.
−Removed: January 14, 2022, Chardan purchased 227,686 units pursuant to the partial exercise of the underwriters’ over-allotment option,
−Removed: which were sold at an offering price of $10.00 per over-allotment unit, generating gross proceeds of $2,276,860.
−Removed: Simultaneously with
−Removed: the sale of the over-allotment units, the Company consummated a private sale of an additional 4,554 private placement units to the sponsor,
−Removed: generating gross proceeds of $45,540.
−Removed: A total of $ 77,276,250
−Removed: of the proceeds from the initial public offering and the sale of the private placement units (including those sold in connection
−Removed: with the underwriters’ exercise of the over-allotment option), was placed in a U.S.-based trust account maintained by Continental,
−Removed: acting as trustee.
+Added: Further, if we incur any
+Added: indebtedness in connection with our initial business combination, our ability to declare dividends may be limited by restrictive covenants
+Added: we may agree to in connection therewith.
+Added: (d) Securities
+Added: Authorized for Issuance Under Equity Compensation Plans
+Added: See Item 12, “Security
+Added: Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.”
+Added: Sales of Unregistered Securities
+Added: of Proceeds from the Initial Public Offering
+Added: On December 30, 2021, pursuant
+Added: to the Registration Statement, which was declared effective on December 27, 2021, the Company consummated its initial public offering
+Added: of 7,500,000 units.
+Added: Each unit consists of one public share and one public right, with each public right entitling the holder thereof to
+Added: one-tenth of one share of common stock.
+Added: The units were sold at a price of $10.00 per unit, generating gross proceeds to the Company of
+Added: Chardan Capital Markets, LLC acted as book-runner and representatives of the underwriters of the initial public offering.
+Added: On January 14, 2022, Chardan
+Added: purchased 227,686 units pursuant to the partial exercise of the underwriters’ over-allotment option, which were sold at an offering
+Added: price of $10.00 per over-allotment unit, generating gross proceeds of $2,276,860.
+Added: Simultaneously with the sale of the over-allotment units,
+Added: the Company consummated a private sale of an additional 4,554 private placement units to the sponsor, generating gross proceeds of $45,540.
+Added: A total of $77,276,250 of
+Added: the proceeds from the initial public offering and the sale of the private placement units (including those sold in connection with the
+Added: underwriters’ exercise of the over-allotment option), was placed in a U.S.-based trust account maintained by Continental, acting
The proceeds held in the trust account may be invested by the trustee only in U.S.
−Removed: government securities with a maturity
−Removed: of 185 days or less or in money market funds investing solely in U.S.
+Added: government securities with a maturity of
+Added: 185 days or less or in money market funds investing solely in U.S.
government treasury obligations and meeting certain conditions under
Rule 2a-7 under the Investment Company Act.
−Removed: Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: Management’s Discussion and Analysis of Financial Condition and Results of Operations.
−Removed: to the “Company,” “us,” “our” or “we” refer to Welsbach Technology Metals Acquisition
−Removed: The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our
−Removed: audited financial statements and related notes included herein.
−Removed: Note Regarding Forward-Looking Statements
−Removed: statements other than statements of historical fact included in this Report including, without limitation, statements under this “Management’s
−Removed: Discussion and Analysis of Financial Condition and Results of Operations” regarding the Company’s financial position, business
−Removed: strategy and the plans and objectives of management for future operations, are forward- looking statements.
−Removed: When used in this Report,
−Removed: words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and
−Removed: similar expressions, as they relate to us or the Company’s management, identify forward-looking statements.
−Removed: Such forward-looking
−Removed: statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s
−Removed: Actual results could differ materially from those contemplated by the forward- looking statements as a result of certain
−Removed: factors detailed in our filings with the SEC.
−Removed: All subsequent written or oral forward-looking statements attributable to us or persons
−Removed: acting on the Company’s behalf are qualified in their entirety by this paragraph.
−Removed: following discussion and analysis of our financial condition and results of operations should be read in conjunction with the financial
−Removed: statements and the notes thereto contained elsewhere in this Report.
−Removed: Certain information contained in the discussion and analysis set
−Removed: forth below includes forward-looking statements that involve risks and uncertainties.
+Added: (g) Purchases
+Added: of Equity Securities by the Issuer and Affiliated Purchasers
+Added: Management’s Discussion and
+Added: Analysis of Financial Condition and Results of Operations.
+Added: References to the “Company,”
+Added: “us,” “our” or “we” refer to Welsbach Technology Metals Acquisition Corp.
+Added: The following discussion
+Added: and analysis of our financial condition and results of operations should be read in conjunction with our audited financial statements
+Added: and related notes included herein.
+Added: Cautionary Note Regarding Forward-Looking
+Added: All statements other than
+Added: statements of historical fact included in this Report including, without limitation, statements under this “Management’s Discussion
+Added: and Analysis of Financial Condition and Results of Operations” regarding the Company’s financial position, business strategy
+Added: and the plans and objectives of management for future operations, are forward- looking statements.
+Added: When used in this Report, words such
+Added: as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions,
+Added: as they relate to us or the Company’s management, identify forward-looking statements.
+Added: Such forward-looking statements are based
+Added: on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management.
+Added: Actual results could differ materially from those contemplated by the forward- looking statements as a result of certain factors detailed
+Added: in our filings with the SEC.
+Added: All subsequent written or oral forward-looking statements attributable to us or persons acting on the Company’s
+Added: behalf are qualified in their entirety by this paragraph.
+Added: The following discussion
+Added: and analysis of our financial condition and results of operations should be read in conjunction with the financial statements and the
+Added: notes thereto contained elsewhere in this Report.
+Added: Certain information contained in the discussion and analysis set forth below includes
+Added: forward-looking statements that involve risks and uncertainties.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.