European Lithium (EUR), the owner of the Wolfsberg lithium project in Austria, moved a step closer to its merger with Sizzle Acquisition Corp. The company filed the F-4 Amendment No 5 to the Securities and Exchange Commission (SEC), a crucial step towards NASDAQ listing of the newly formed Critical Metals Corp (CRML).
The proposed merger, backed by EUR shareholders earlier this year, aims to combine the Wolfsberg lithium project with Sizzle Acquisition Corp. Tony Sage, Chairman of European Lithium, expressed his anticipation for the SEC's approval of the NASDAQ listing under the symbol CRML.
Upon completion of the merger, European Lithium will receive US$750 million worth of ordinary shares in CRML, solidifying its position in the lithium market. This development is a significant milestone for Critical Metals Corp as it seeks to expand its reach and explore new growth opportunities amidst increasing demand for lithium across various sectors.
The next phase in this merger process will be a shareholder meeting convened by Sizzle Acquisition Corp, aiming to gain approval for the deal. The meeting is expected to take place following SEC's approval of the F-4 Amendment No 5.
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