Welsbach Technology Metals Acquisition Corp. and WaveTech Group, Inc. Issue Joint Statement on Termination of Merger Discussions
Welsbach Technology Metals Acquisition Corp. and WaveTech Group, Inc. Issue Joint Statement on Termination of Merger Discussions
New York, NY, June 16, 2023 (GLOBE NEWSWIRE) -- Welsbach Technology Metals Acquisition Corp. ("WTMAC"), a publicly traded special purpose acquisition company, and WaveTech Group, Inc. ("WaveTech"), a next-generation provider of technologically advanced battery enhancement, treatment and monitoring solutions for high-usage battery and energy storage device users and manufacturers, today announced that the companies have collectively reached a decision to discontinue the previously announced merger discussions. After careful consideration, the parties have decided that the current unfavorable market conditions do not provide an optimal environment for the planned integration.
紐約州紐約,2023年6月16日(GLOBE NEWSWIRE)——上市的特殊目的收購公司韋爾斯巴赫科技金屬收購公司(“WTMAC”)和爲高使用率電池和儲能設備用戶和製造商提供技術先進的電池增強、處理和監測解決方案的下一代提供商WaveTech Group, Inc.(“WaveTech”)今天宣佈,兩家公司共同決定終止先前宣佈的協議合併討論。經過仔細考慮,雙方決定,當前不利的市場條件不能爲計劃中的整合提供最佳環境。
"While we had hoped to create significant synergies through the proposed merger, based on the current climate, we believe that our independent paths offer a more favourable strategy to create value and growth. We want to extend our sincere gratitude to all those involved in the merger discussions for their efforts, hard work, and dedication throughout this process. We also want to acknowledge the support and patience of our respective stakeholders during this period of evaluation and negotiation," said Daniel Mamadou, CEO and Chairman of the Board of WTMAC.
“儘管基於當前的環境,我們本來希望通過擬議的合併產生顯著的協同效應,但我們認爲我們的獨立途徑爲創造價值和增長提供了更有利的戰略。我們要衷心感謝所有參與合併討論的人在整個過程中所做的努力、辛勤工作和奉獻精神。我們還要感謝我們各自利益相關者在這段評估和談判期間的支持和耐心。” WTMAC首席執行官兼董事會主席丹尼爾·馬馬杜說。
"In concluding this chapter, we wish all parties involved the very best. We are confident that each of our companies will continue to thrive and contribute positively to our respective industries and communities," added Dag Valand, CEO of WaveTech.
“在結束本章時,我們祝願所有有關各方一切順利。我們相信,我們的每家公司都將繼續蓬勃發展,爲我們各自的行業和社區做出積極貢獻。” WaveTech首席執行官達格·瓦蘭德補充說。
Cautionary Statement Concerning Forward-Looking Statements
關於前瞻性陳述的警示聲明
This press release contains statements that constitute "forward-looking statements." Forward-looking statements are subject to numerous conditions, many of which are beyond the control of WTMAC.
本新聞稿包含構成 “前瞻性陳述” 的聲明。前瞻性陳述受多種條件的約束,其中許多條件是WTMAC無法控制的。
Investor Contact:
投資者聯繫人:
Christopher Clower, Welsbach Technology Metals Acquisition Corp.
chris@welsbach.sg
克里斯托弗·克洛爾,韋爾斯巴赫科技金屬收購公司
chris@welsbach.sg