Critical Metals amends European Lithium deal with floating share exchange ratio capped between 0.025 and 0.045
CRML•Amended scheme terms for European Lithium acquisition
Critical Metals is pursuing the acquisition of European Lithium via a court-approved scheme, targeting completion in October 2026.
The exchange ratio shifted from a fixed 0.035 to a floating ratio tied to CRML’s 20-day Nasdaq VWAP.
The ratio is capped at 0.045 shares when VWAP is at or below USD 8, and collared to 0.025 when VWAP is at or above USD 16.
At the latest 20-day VWAP reading, below USD 8, the ratio would be 0.045; option and performance-right terms reset accordingly.
Other key terms remain unchanged; European Lithium expects the scheme booklet in early September 2026.
