Welsbach Technology Metals Acquisition Corp.
09/15/2025 | Press release | Distributed by Public on 09/15/2025 07:43
Material Event (Form 8-K)
Item 8.01. Other Events.
Successful Completion of UCC Foreclosure Sale of Collateralized Equipment
On September 12, 2025, the collateral agent, acting on behalf of a syndicate of secured creditors, conducted a Uniform Commercial Code (UCC) foreclosure sale of collateralized equipment owned by Camston Wrather LLC and its affiliated entities. The syndicate of secured creditors successfully acquired the collateralized equipment through a credit bid.
Camston Wrather LLC had previously sought bankruptcy protection in Delaware with approximately US$139,000,000 (one hundred thirty-nine million) in secured debt from the syndicate.
Evolution Metals LLC ("EM") is the majority interest holder in the syndicate of secured creditors.
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