Critical Metals Corp. Confirms Option Scheme Consideration for European Lithium Acquisition
Critical Metals Corp confirmed the consideration payable under the Option Scheme in its acquisition of European Lithium, with eligible optionholders receiving 0.0353158621 new CRML shares per option. The consideration was calculated using the cashless exercise formula in the September 15 scheme booklet, based on a 0.045 share-scheme ratio, the A$0.10 option exercise price at an AUD/USD rate of 0.7021, and a Scheme VWAP of US$7.25. The Schemes became effective October 27, 2026; new CRML shares are expected to begin trading on Nasdaq on November 6, when European Lithium is removed from the ASX.
Key figures
- Scheme vwap
- US$7.25
- Aud usd rate
- 0.7021
- Schemes effective
- October 27, 2026
- Share scheme ratio
- 0.045
- Nasdaq trading start
- November 6, 2026
- Option exchange ratio
- 0.0353158621 CRML shares per European Lithium option
- Option exercise price
- A$0.10
AI analysis
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