Critical Metals Corp. Provides Update on Proposed Acquisition of European Lithium
Critical Metals Corp amended the scheme implementation deed for its acquisition of European Lithium, replacing the fixed exchange ratio with a floating mechanism tied to CRML's share price. The new ratio establishes a collar ranging from 0.025 to 0.045 CRML shares per European Lithium share, applicable if CRML's VWAP hits the $16.00 ceiling or $8.00 floor respectively.
Key figures
- Share price floor
- 8
- Exchange ratio max
- 0.045
- Exchange ratio min
- 0.025
- Exchange ratio old
- 0.035
- Share price ceiling
- 16
- Current implied ratio
- 0.045
AI analysis
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