European Lithium (ASX:EUR) anticipates an amended Form F-4 Registration Statement including new financial statements will be lodged with the Securities and Exchange Commission (SEC) in the next few days.
SEC rules require the F-4 Registration Statement to be updated to include financial statements of Sizzle Acquisition Corp (NASDAQ: SZZL) as of 30 September 2023 and for the 9 months ended 30 September 2023.
Following the lodgement of this F-4 amendment, the company is confident the review process will soon be concluded, which would permit the parties to proceed with the final steps for the NASDAQ listing in a timely manner.
On 26 October 2022, European Lithium entered into a business combination agreement with Sizzle, a publicly traded special purpose acquisition company, in which European Lithium will combine its wholly owned Wolfsberg Lithium Project with Sizzle via a newly formed, lithium exploration and development company named Critical Metals Corp.
Critical Metals Corp is expected to be listed on NASDAQ under the symbol ‘CRML’.
There have been several amendments lodged after the initial filling of the F-4 with the SEC on 23 December 2022.
European Lithium shareholders approved the Transaction on 20 January 2023.
Once the F-4 is declared effective by the SEC, the Sizzle board will convene a shareholding meeting for purposes of, among other things, approving the transaction.
The transaction is progressing through the approval process and remains subject to SEC and Sizzle shareholder approval as outlined above. Upon the closing of the transaction, European Lithium will be issued US$750 million worth of ordinary shares in CRML.
Write to Adam Orlando at Mining.com.au
Images: European Lithium