MergerOct 2, 2026, 03:16 PM
Critical Metals Corp. Amends Merger Agreement, Terminates Contingent Shares
AI Summary
Critical Metals Corp. (PubCo) and European Lithium Ltd. (EUR) have entered into Amendment No. 4 to their Agreement and Plan of Merger, dated September 28, 2026. This amendment terminates PubCo's obligation to issue any First Level or Second Level Contingent Share Consideration to EUR, effective as of the Implementation Date. Additionally, a separate Termination Agreement has been executed to terminate the Investors Agreement between EUR and PubCo, also effective as of the Implementation Date. Both agreements are conditional upon the occurrence of the Implementation Date.
Key Highlights
- Critical Metals Corp. and European Lithium Ltd. amend merger agreement, terminating contingent share consideration.
- The amendment terminates PubCo's obligation to issue First Level or Second Level Contingent Share Consideration to EUR.
- The termination of contingent share consideration is effective as of the Implementation Date, as defined in the Scheme Implementation Deed.
- The Investors Agreement between EUR and PubCo, dated February 27, 2024, is terminated in its entirety.
- Both the amendment to the merger agreement and the termination of the investors agreement are conditional upon the occurrence of the Implementation Date.
Price Impact
More from CRML