Critical Metals completes acquisition of European Lithium
CRML•Critical Metals completed its acquisition of European Lithium, taking full ownership. It issued 90,539,994 new shares, bringing shares outstanding to 194,219,631, and had approximately $264.5 million in cash immediately after the transaction.
1. Acquisition completed
Critical Metals completed its acquisition of European Lithium, taking full ownership. European Lithium shareholders received 0.045 new ordinary shares per share, while listed optionholders received 0.0353158621 new ordinary shares per option. The acquisition involved issuing 90,539,994 new shares, bringing ordinary shares issued and outstanding to 194,219,631. European Lithium's 45,536,338 existing ordinary shares will be treated as treasury shares, with voting and dividend rights suspended; cash totaled approximately $264.5 million immediately following the transaction.
