EMAT on Nasdaq

Evolution Metals & Technologies Corp.

American miscellaneous electrical machinery company based in Miami. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

TickerEMAT on Nasdaq¹
IndustryMiscellaneous Electrical Machinery, Equipment & Supplies¹
HeadquartersMiami, Florida¹
Incorporated inDE²
Business address4040 Ne 2Nd Ave, Suite 349, Miami, Fl 33137²
Filer category, Emerging growth company²
Legal formCorporation

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(the “Merger”). In connection with the Closing, WTMA changed its name to Evolution Metals & Technologies Corp. (“EM&T”).³ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income⁴⁵-$2.0M in 2025−8% since 2023

Net income⁶⁴⁵-$1.8M in 2025−25% since 2022

Every line of the income statement as filed: the last 2 fiscal years, latest first.⁵

Period ending	2025-12-31	2024-12-31
General and administrative	$1.9M	$1.4M
Franchise tax	$92.4K	$154.8K
Loss from operations	-$2.0M	-$1.6M
Interest income from restricted cash held in trust account	$276.6K	$808.9K
Reversal of prior year interest and penalties on excise tax liability	$13.5K
Other income	$290.1K	$808.9K
Loss before provision for income taxes	-$1.8M	-$774.0K
Provision for income taxes	-$38.7K	-$126.0K
Net loss	-$1.8M	-$899.9K

Total assets⁶⁴⁵$6.6M in 2025−91% since 2021

Total liabilities⁶⁴⁵$12.2M in 2025+342% since 2021

Shareholders’ equity⁶⁴⁵-$12.0M in 2025+875% since 2021

Cash⁶⁴⁵$4.0K in 2025−100% since 2021

Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.⁵

Period ending	2025-12-31	2025-09-30	2025-06-30	2024-12-31	2023-12-31
Cash	$4.0K			$1.2K
Prepaid taxes	$141.2K			$14.1K
Total current assets	$145.2K			$15.3K
Restricted cash held in trust account	$6.5M			$12.3M
TOTAL ASSETS	$6.6M			$12.3M
Accounts payable and accrued expenses	$3.6M			$2.9M
Income taxes payable	$186.6K			$126.0K
Excise tax payable and interest and penalties				$719.1K
Working capital loans related party	$2.9M			$1.7M
Total current liabilities	$9.5M			$8.2M
Deferred underwriting fee payable	$2.7M			$2.7M
TOTAL LIABILITIES	$12.2M			$10.9M
Common Stock subject to possible redemption, $0.0001 par value, 564,337 shares at redemption value of $11.34 per share at December 31, 2025 and 1,082,789 shares at redemption value of $11.22 per share at December 31, 2024, respectively	$6.4M			$12.1M
Common stock; $0.0001 par value; 100,000,000 shares authorized; 2,283,976 shares issued and outstanding at December 31, 2025 and 2024 (excluding 564,337 shares at December 31, 2025 and 1,082,789 shares at December 31, 2024 subject to redemption)	$228			$228
Accumulated deficit	-$12.0M			-$10.8M
TOTAL STOCKHOLDERS DEFICIT	-$12.0M			-$10.8M	-$9.3M
TOTAL LIABILITIES, REDEEMABLE COMMON STOCK, AND STOCKHOLDERS DEFICIT	$6.6M			$12.3M
Common stock subject to possible redemption, par value (in Dollars per share)	$0.00			$0.00
Common stock subject to possible redemption, shares at redemption value (in Shares)	564.3K shares			1.1M shares
Common stock subject to possible redemption, per share (in Dollars per share)	$11.34	$11.38	$11.31	$11.22
Preferred stock, par value (in Dollars per share)	$0.00			$0.00
Preferred stock, shares authorized (in Shares)	1.0M shares			1.0M shares
Preferred stock, shares issued (in Shares)	0 shares			0 shares
Preferred stock, shares outstanding (in Shares)	0 shares			0 shares
Common stock, par value (in Dollars per share)	$0.00			$0.00
Common stock, shares authorized (in Shares)	100.0M shares			100.0M shares
Common stock, shares issued (in Shares)	2.3M shares			2.3M shares
Common stock, shares outstanding (in Shares)	2.3M shares			2.3M shares

Period ending	2025-12-31	2025-09-30	2025-06-30	2024-12-31	2023-12-31
Cash	$4.0K			$1.2K
Prepaid taxes	$141.2K			$14.1K
Total current assets	$145.2K			$15.3K
Restricted cash held in trust account	$6.5M			$12.3M
TOTAL ASSETS	$6.6M			$12.3M
Accounts payable and accrued expenses	$3.6M			$2.9M
Income taxes payable	$186.6K			$126.0K
Excise tax payable and interest and penalties				$719.1K
Working capital loans related party	$2.9M			$1.7M
Total current liabilities	$9.5M			$8.2M
Deferred underwriting fee payable	$2.7M			$2.7M
TOTAL LIABILITIES	$12.2M			$10.9M
Common Stock subject to possible redemption, $0.0001 par value, 564,337 shares at redemption value of $11.34 per share at December 31, 2025 and 1,082,789 shares at redemption value of $11.22 per share at December 31, 2024, respectively	$6.4M			$12.1M
Common stock; $0.0001 par value; 100,000,000 shares authorized; 2,283,976 shares issued and outstanding at December 31, 2025 and 2024 (excluding 564,337 shares at December 31, 2025 and 1,082,789 shares at December 31, 2024 subject to redemption)	$228			$228
Accumulated deficit	-$12.0M			-$10.8M
TOTAL STOCKHOLDERS DEFICIT	-$12.0M			-$10.8M	-$9.3M
TOTAL LIABILITIES, REDEEMABLE COMMON STOCK, AND STOCKHOLDERS DEFICIT	$6.6M			$12.3M
Common stock subject to possible redemption, par value (in Dollars per share)	$0.00			$0.00
Common stock subject to possible redemption, shares at redemption value (in Shares)	564.3K shares			1.1M shares
Common stock subject to possible redemption, per share (in Dollars per share)	$11.34	$11.38	$11.31	$11.22
Preferred stock, par value (in Dollars per share)	$0.00			$0.00
Preferred stock, shares authorized (in Shares)	1.0M shares			1.0M shares
Preferred stock, shares issued (in Shares)	0 shares			0 shares
Preferred stock, shares outstanding (in Shares)	0 shares			0 shares
Common stock, par value (in Dollars per share)	$0.00			$0.00
Common stock, shares authorized (in Shares)	100.0M shares			100.0M shares
Common stock, shares issued (in Shares)	2.3M shares			2.3M shares
Common stock, shares outstanding (in Shares)	2.3M shares			2.3M shares

Cash from operations⁶⁴⁵-$1.3M in 2025+36% since 2022

Share buybacks⁴$12.2M in 2024−79% since 2023

Every line of the cash flow as filed: the last 2 fiscal years, latest first.⁵

Period ending	2025-12-31	2024-12-31
Net loss	-$1.8M	-$899.9K
Interest income on restricted cash held in trust account	-$276.6K	-$808.9K
Interest and penalties on excise tax payable	-$13.5K	$13.5K
Prepaid expenses	-$16.5K	-$13.2K
Prepaid taxes	-$110.7K
Due to affiliates	$120.0K	$120.0K
Accounts payable and accrued expenses	$697.8K	$83.3K
Franchise tax payable		-$80.0K
Income taxes payable	$60.7K	$126.0K
NET CASH USED IN OPERATING ACTIVITIES	-$1.3M	-$1.5M
Cash withdrawn from Trust Account in connection with redemption	$5.9M	$12.2M
Cash withdrawn from Trust Account to pay franchise and income taxes	$203.9K	$100.4K
NET CASH PROVIDED BY INVESTING ACTIVITIES	$6.1M	$12.3M
Redemption of common stock - due to stockholders	-$5.9M	-$12.2M
Proceeds from working capital loans - related party	$1.1M	$1.2M
NET CASH USED IN FINANCING ACTIVITIES	-$4.7M	-$11.0M
NET CHANGE IN CASH AND RESTRICTED CASH	$2.8K	-$167.0K
Income taxes		$12.6K
Franchise taxes	$203.9K	$250.0K
Accretion for redeemable common stock to redemption value	$122.7K	$514.4K
Reversal of excise tax payable attributable to redemption of common stock	$764.2K
Excise tax on redemption of Class A common stock	$58.7K	$122.1K

Compare Evolution Metals & Technologies Corp. with another company

Leadership

Who has led Evolution Metals & Technologies Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Andrew F. Knaggs2026–now

Chief financial officer

Chief operating officer

Christopher Clower2021–now

2025

Chief executive officerSuk Jin Moon Jan 5, 2026 to now⁹
Chief executive officerDaniel Mamadou Dec 28, 2021 to Jan 19, 2022¹⁰
PresidentAndrew F. Knaggs Jan 5, 2026 to now¹¹
Chief financial officerChristopher Clower Jan 5, 2026 to now¹²
Chief financial officerJohn P. Stanfield Dec 28, 2021 to Dec 28, 2021¹³
Chief operating officerChristopher Clower Dec 28, 2021 to now¹⁰

Board members and other officers (10)

Board memberChristopher James Hansen Jan 5, 2026 to now¹⁴
Board memberRobin S. Bernstein Jan 5, 2026 to now¹⁵
Board memberThomas K. Stoddard Jan 5, 2026 to now¹⁶
Board memberSaul Richard Locker Mar 3, 2026 to now¹⁷
Board memberChristopher Clower Dec 28, 2021 to Jan 19, 2022¹⁰
Board memberDaniel Mamadou Dec 28, 2021 to Jan 19, 2022¹⁰
Board memberEmily King Dec 28, 2021 to Dec 28, 2021¹⁸
Board memberMatthew T. Mrozinski Dec 28, 2021 to Dec 28, 2021¹⁹
Board memberRalph Welpe Dec 28, 2021 to Dec 28, 2021²⁰
General counselJohn Arrastia Jr. Feb 20, 2026 to now²¹

Named in SEC Form D filings

People the company listed in its private-offering notices.

Executive Officer, DirectorDavid Wilcox named May 14, 2026²²
DirectorChristopher Charles Miller named May 14, 2026²²

Former names

Welsbach Technology Metals Acquisition Corp.Nov 12, 2021 to Jan 5, 2026²

Timeline

Jan 5, 2026New chief executive Suk Jin Moon becomes CEO⁹
Dec 28, 2021New chief executive Daniel Mamadou becomes CEO¹⁰

Filings

288 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 85 major events, 25 insider forms, 41 large holders, 2 private raises, 116 other. The latest 20:

Oct 15, 20268-K CURRENT REPORT EDGAR
Oct 14, 20268-K CURRENT REPORT EDGAR
Oct 9, 2026EFFECT EDGAR
Oct 9, 2026424B3 PROSPECTUS EDGAR
Oct 9, 20268-K CURRENT REPORT EDGAR
Oct 8, 20263 EDGAR
Oct 6, 20268-K CURRENT REPORT EDGAR
Oct 5, 2026EFFECT EDGAR
Oct 5, 2026S-1 REGISTRATION STATEMENT EDGAR
Oct 5, 2026424B3 PROSPECTUS EDGAR
Oct 5, 20268-K CURRENT REPORT EDGAR
Oct 2, 2026D EDGAR
Oct 1, 20268-K CURRENT REPORT EDGAR
Sep 24, 2026S-1/A REGISTRATION STATEMENT EDGAR
Sep 21, 20268-K CURRENT REPORT EDGAR
Sep 18, 20268-K CURRENT REPORT EDGAR
Sep 10, 20268-K CURRENT REPORT EDGAR
Sep 8, 2026S-1 REGISTRATION STATEMENT EDGAR
Aug 28, 20264 EDGAR
Aug 27, 20268-K CURRENT REPORT EDGAR

The 288 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 3 buys and 0 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Jan 13, 2026	Stoddard Thomas KDirector	Buy	1,000	$13.99	$14.0K	Form 4
Jan 14, 2022	Clower ChristopherCFO; Chief Operating Officer	Buy	4,554	$10.00	$45.5K	Form 4
Dec 30, 2021	Welsbach Acquisition Holdings LLC10% owner	Buy	347,500	$10.00	$3.5M	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

GOOD EARTH 1000, LLCSCHEDULE 13D/A, 2 filings Feb 3, 2026 to May 18, 2026²³
Zeus Trust, UA dated April 15, 2025SCHEDULE 13D, 1 filing Feb 18, 2026²⁴
NYX 2025 Irrevocable Trust, UA dated April 8, 2025SCHEDULE 13D, 1 filing Feb 13, 2026²⁵
Atlas Merchant Capital LLCSCHEDULE 13G/A, 2 filings Nov 14, 2024 to Nov 14, 2025²⁶
Polar Asset Management Partners Inc.SCHEDULE 13G/A, 5 filings Feb 11, 2022 to Aug 14, 2025²⁷
Yakira Capital Management, Inc.SCHEDULE 13G/A, 2 filings Jan 26, 2024 to Aug 6, 2024²⁸
Shaolin Capital Management LLCSC 13G/A, 2 filings Feb 14, 2023 to Feb 22, 2024²⁹
Lighthouse Investment Partners, LLCSC 13G/A, 2 filings Feb 14, 2023 to Feb 14, 2024³⁰
RIVERNORTH CAPITAL MANAGEMENT, LLCSC 13G, 1 filing Feb 14, 2024³¹
ATW SPAC MANAGEMENT LLCSC 13G/A, 3 filings Feb 14, 2022 to Feb 13, 2024³²
BOOTHBAY FUND MANAGEMENT, LLCSC 13G/A, 3 filings Feb 4, 2022 to Feb 13, 2024³³
Saba Capital Management, L.P.SC 13G/A, 2 filings Jan 7, 2022 to Feb 9, 2024³⁴
Hudson Bay Capital Management LPSC 13G/A, 2 filings Feb 10, 2023 to Feb 6, 2024³⁵
Sea Otter Advisors LLCSC 13G, 1 filing Oct 2, 2023³⁶
MMCAP International Inc. SPCSC 13G/A, 3 filings Jan 7, 2022 to Feb 14, 2023³⁷
Space Summit Capital LLCSC 13G/A, 3 filings Jan 6, 2022 to Feb 8, 2023³⁸
Weiss Asset Management LPSC 13G/A, 2 filings Feb 9, 2022 to Feb 6, 2023³⁹
K2 PRINCIPAL FUND, L.P.SC 13G/A, 2 filings Dec 28, 2021 to Jan 28, 2022⁴⁰
Welsbach Acquisition Holdings LLCSC 13D/A, 2 filings Jan 10, 2022 to Jan 21, 2022⁴¹

Money raised

Private offerings the company reported to the SEC on Form D.

May 7, 2026Raised $20 million in a private offering of securities Form D: $100 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
Osaic Holdings, Inc.	7,585,850	$50.1M	0.1%	+7,574,750
Robertson Stephens Wealth Management, LLC	2,933,443	$19.4M	0.5%	−28,583
Geode Capital Management, LLC	508,876	$3.4M	0.0%	+9,790
UBS Group AG	121,484	$803.0K	0.0%	+93,396
Raymond James Financial Inc	106,898	$706.6K	0.0%	New
HighTower Advisors, LLC	100,000	$661.0K	0.0%	No change
Creative Planning	83,500	$551.9K	0.0%	New
Elgethun Capital Management	70,073	$463.2K	0.1%	No change
MMCAP International Inc. SPC	65,000	$429.6K	0.0%	No change
Millennium Management LLC	34,958	$231.1K	0.0%	New
Bank Of America Corp /de/	25,462	$168.3K	0.0%	+9,036
Alps Advisors Inc	21,032	$139.0K	0.0%	New
SummitTX Capital, L.P.	41,250	$132.8K	0.0%	New
CIBC Asset Management Inc	18,349	$121.3K	0.0%	New
Royal Bank Of Canada	5,572	$37.0K	0.0%	No change
American Capital Advisory, LLC	5,000	$33.0K	0.0%	+2,500
Morgan Stanley	1,608	$10.6K	0.0%	−1,269
Jones Financial Companies Lllp	650	$4.6K	0.0%	New
BlackRock, Inc.	575	$3.8K	0.0%	−9,252
Bnp Paribas Financial Markets	554	$3.7K	0.0%	−25,738
Quarry LP	435	$2.9K	0.0%	New
Hrt Financial LP	350,465	$2.3K	0.0%	+40,133
Clear Street Group Inc.	100	$661	0.0%	No change
Signature Resources Capital Management, LLC	90	$595	0.0%	New

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGAREvolution Metals & Technologies Corp. filings on SEC EDGAR
2
SEC EDGAREvolution Metals & Technologies Corp. filings on SEC EDGAR
3
SEC EDGAREvolution Metals & Technologies Corp. annual report, Item 1 (Business)
4
SEC EDGAREvolution Metals & Technologies Corp. 10-K for fiscal 2023
5
SEC EDGAREvolution Metals & Technologies Corp. 10-K for fiscal 2024
6
SEC EDGAREvolution Metals & Technologies Corp. 10-K for fiscal 2022
7
SEC EDGAREvolution Metals & Technologies Corp. 10-Q for fiscal 2026
8
SEC EDGAREvolution Metals & Technologies Corp. 10-Q for fiscal 2026
9
SEC EDGARSuk Jin Moon, Chief executive officer
10
SEC EDGARDaniel Mamadou, Chief executive officer
11
SEC EDGARAndrew F. Knaggs, President
12
SEC EDGARChristopher Clower, Chief financial officer
13
SEC EDGARJohn P. Stanfield, Chief financial officer
14
SEC EDGARChristopher James Hansen, Board member
15
SEC EDGARRobin S. Bernstein, Board member
16
SEC EDGARThomas K. Stoddard, Board member
17
SEC EDGARSaul Richard Locker, Board member
18
SEC EDGAREmily King, Board member
19
SEC EDGARMatthew T. Mrozinski, Board member
20
SEC EDGARRalph Welpe, Board member
21
SEC EDGARJohn Arrastia Jr., General counsel
22
SEC EDGAREvolution Metals & Technologies Corp. Form D naming David Wilcox
23
SEC EDGARGOOD EARTH 1000, LLC SCHEDULE 13D/A on Evolution Metals & Technologies Corp.
24
SEC EDGARZeus Trust, UA dated April 15, 2025 SCHEDULE 13D on Evolution Metals & Technologies Corp.
25
SEC EDGARNYX 2025 Irrevocable Trust, UA dated April 8, 2025 SCHEDULE 13D on Evolution Metals & Technologies Corp.
26
SEC EDGARAtlas Merchant Capital LLC SCHEDULE 13G/A on Evolution Metals & Technologies Corp.
27
SEC EDGARPolar Asset Management Partners Inc. SCHEDULE 13G/A on Evolution Metals & Technologies Corp.
28
SEC EDGARYakira Capital Management, Inc. SCHEDULE 13G/A on Evolution Metals & Technologies Corp.
29
SEC EDGARShaolin Capital Management LLC SC 13G/A on Evolution Metals & Technologies Corp.
30
SEC EDGARLighthouse Investment Partners, LLC SC 13G/A on Evolution Metals & Technologies Corp.
31
SEC EDGARRIVERNORTH CAPITAL MANAGEMENT, LLC SC 13G on Evolution Metals & Technologies Corp.
32
SEC EDGARATW SPAC MANAGEMENT LLC SC 13G/A on Evolution Metals & Technologies Corp.
33
SEC EDGARBOOTHBAY FUND MANAGEMENT, LLC SC 13G/A on Evolution Metals & Technologies Corp.
34
SEC EDGARSaba Capital Management, L.P. SC 13G/A on Evolution Metals & Technologies Corp.
35
SEC EDGARHudson Bay Capital Management LP SC 13G/A on Evolution Metals & Technologies Corp.
36
SEC EDGARSea Otter Advisors LLC SC 13G on Evolution Metals & Technologies Corp.
37
SEC EDGARMMCAP International Inc. SPC SC 13G/A on Evolution Metals & Technologies Corp.
38
SEC EDGARSpace Summit Capital LLC SC 13G/A on Evolution Metals & Technologies Corp.
39
SEC EDGARWeiss Asset Management LP SC 13G/A on Evolution Metals & Technologies Corp.
40
SEC EDGARK2 PRINCIPAL FUND, L.P. SC 13G/A on Evolution Metals & Technologies Corp.
41
SEC EDGARWelsbach Acquisition Holdings LLC SC 13D/A on Evolution Metals & Technologies Corp.