Welsbach Technology Metals Acquisition Corp.

07/19/2024 | Press release | Distributed by Public on 07/19/2024 04:28

Management Change/Compensation Form 8 K

Item 1.01Entry into Material Definitive Agreements.

On July 19, 2024, the board of directors (the "Board") of Welsbach Technology Metals Acquisition Corp. (the "Company" or "WTMA") appointed Mr. Justin Werner ("New Director") as a director of the Company (the "Appointment"), effectively immediately.

For more information on the Appointment, refer to Item 5.02 of this Current Report on Form 8-K.

In connection with the Appointment, the Board authorized the Company to enter into indemnity agreement with the New Director (the "Indemnity Agreement"). The Company and New Director consented to and executed the Indemnity Agreement on July 19, 2024. A copy of the form of Indemnity Agreement is incorporated by reference as Exhibit 10.1 to this Current Report on Form 8-K.

In exchange for New Director's service on the Board, the Board further authorized the Company to enter into certain agreements with the New Director (the "Share Compensation Agreement"). The Company and New Director consented to and executed the Share Compensation Agreement on July 19, 2024.

For more information on the Share Compensation Agreement, refer to Item 5.02 of this Current Report on Form 8-K.