Critical Metals amends deal terms for European Lithium acquisition scheme - CRML News | RalliesCritical Metals amends deal terms for European Lithium acquisition scheme
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CRML• Amended acquisition terms
- Critical Metals to acquire all European Lithium shares via a share-for-share deal, with European Lithium becoming a wholly owned subsidiary.
- Exchange ratio floats with Critical Metals’ 20-day NASDAQ VWAP, capped at 0.045 shares per EUR share, floored at 0.025.
- European Lithium listed options will be exercised or converted, with holders receiving New Bidder Shares using an exercise-price-adjusted formula.
- European Lithium net cash must be at least AUD 330 million at the second court hearing, including up to US$31 million of Velta loans.
- Break fees set at AUD 12 million payable by either side, depending on termination circumstances.
