Thu, May 15, 5:21 PM (28 days ago)
**Welsbach Technology Metals Acquisition Corp. (WTMA) - Q1 2025 Financial Summary** **Company Overview:** Welsbach Technology Metals Acquisition Corp. (WTMA) is a blank check company formed to complete a merger, asset acquisition, or similar business combination. WTMA has not generated operating revenues and relies on interest income from its trust account. **Financial Performance (Q1 2025 vs. Q1 2024):** - **Revenue:** $0 (no operating revenue). - **Net Loss:** $520,441 (Q1 2025) vs. $70,160 (Q1 2024). - **Operating Expenses:** $567,723 (Q1 2025) vs. $271,992 (Q1 2024). - **Interest Income:** $97,051 (Q1 2025) vs. $260,681 (Q1 2024). - **Provision for Income Taxes:** $12,569 (Q1 2025) vs. $8,849 (Q1 2024). **Cash Flow:** - **Operating Cash Flow:** -$474,936 (Q1 2025) vs. -$373,737 (Q1 2024). - **Financing Cash Flow:** $474,489 (Q1 2025) from working capital loans vs. $373,737 (Q1 2024) from convertible promissory notes. **Liquidity and Capital Resources:** - **Cash and Restricted Cash:** $738 (operating cash) and $12,354,984 (restricted cash in trust account). - **Working Capital Deficit:** $8,827,713. - **Trust Account:** $12,354,984 (used for business combination and working capital). **Uncertainties and Future Operations:** - **Business Combination:** WTMA is in the process of completing a business combination with Evolution Metals LLC (EM). - **Excise Tax:** WTMA recognized $23,694 in interest and penalties related to the excise tax. - **Going Concern:** Substantial doubt about WTMA's ability to continue as a going concern through June 30, 2025, if a business combination is not completed. - **Redemptions:** Shareholders have the right to redeem shares, which could impact liquidity. **Trends and Outlook:** - WTMA's financial health is dependent on completing a business combination. - Increased expenses and uncertainties related to economic conditions and regulatory changes. - WTMA may need additional financing to complete the business combination or to redeem shares. **Ticker:** WTMA **Note:** WTMA's financial health and future operations are heavily dependent on the successful completion of a business combination. The company faces significant uncertainties and may require additional financing to continue operations.