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WaveTech Group, Inc. To List On Nasdaq Through Business Combination With Welsbach Technology Metals Acquisition Corp.; Pro Forma Enterprise Value Of The Combined Company Is Expected To Be ~$228M

WaveTech Group, Inc. To List On Nasdaq Through Business Combination With Welsbach Technology Metals Acquisition Corp.; Pro Forma Enterprise Value Of The Combined Company Is Expected To Be ~$228M

WaveTech Group，Inc.將通過與韋爾斯巴赫技術金屬收購公司的業務合併在納斯達克上市；合併後公司的預計企業價值預計為2.28億美元
Benzinga Real-time News ·  2022/11/01 06:04
  • WaveTech Group, Inc. has entered into a definitive business combination agreement with Welsbach Technology Metals Acquisition Corp; upon closing, the combined company will be listed on Nasdaq under the proposed new ticker WTG.
  • WaveTech is a technology company specializing in next-generation battery-enhancing technologies.
  • Pro forma enterprise value of the combined company is expected to be approximately $228 million with a cash balance exceeding $78 million, assuming no redemptions by WTMA shareholders and before deducting anticipated transaction expenses.
  • Net proceeds at closing will allow WaveTech to scale-up its Crystal Control Technology ("CCT") for lead acid batteries and to commercialize CCT's application to other battery chemistries.
  • Business combination expected to be completed in the first quarter of 2023.
  • 波特克Group，Inc.與Welsbach Technology Metals達成了一項最終的業務合併協議採辦完成交易後，合併後的公司將在納斯達克上市，上市名稱為擬議數新的股票代碼風電機組.
  • 波特克是一家專門從事下一代電池增強技術的科技公司.
  • PRO形式企業價值為合併後的公司預計約為$228 百萬使用現金餘額超過7800萬美元，假設WTMA股東沒有贖回，在扣除預期交易費用之前.
  • 成交時的淨收益將允許波特克擴大其用於鉛酸電池的晶體控制技術(“CCT”)，並將CCT應用於其他電池化學產品。
  • 業務合併預計於2023年第一季度完成.
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