---
title: "Evolution Metals & Technologies Secures $30.9 Million Yorkville Convertible Debenture Financing"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299432752.md"
description: "Evolution Metals & Technologies secured $30.9 million in convertible debenture financing from Yorkville via a Securities Purchase Agreement effective Sep 17, 2026. The debentures mature in 2028, carry 4% interest, and are convertible at specific price floors. Proceeds will fund operations and development. The company also granted registration rights for resale of conversion shares and obtained subsidiary guarantees to support the obligations."
datetime: "2026-09-18T10:13:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299432752.md)
  - [en](https://longbridge.com/en/news/299432752.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299432752.md)
generator: "portal-rs"
---

# Evolution Metals & Technologies Secures $30.9 Million Yorkville Convertible Debenture Financing

Evolution Metals & Technologies entered multiple financing agreements with Yorkville, led by a Securities Purchase Agreement to issue up to $30.93 million in convertible debentures. The debentures price at 97% of principal, carry 4% annual interest (18% on default), mature Sep 17, 2028, and are convertible at the lower of $5.02 or 95% of the lowest five-day VWAP, subject to a floor, Nasdaq exchange cap, and a 4.99% ownership blocker. A Registration Rights Agreement obligates the company to file an S-1 to register resale of conversion shares and grants piggyback rights, while a Global Guarantee Agreement provides subsidiary guarantees of the obligations. Proceeds will support operations and development initiatives.

**Agreement 1: Evolution Metals & Technologies Secures $30.9 Million Yorkville Convertible Debenture Financing**

-   **Agreement type**: Securities Purchase Agreement for convertible debentures
-   **Counterparty**: Yorkville
-   **Signed / Effective**: Sep 17 2026 / Sep 17 2026
-   **Duration / Termination**: Through Sep 17 2028
-   **Reason**: Fund operations and development initiatives

**Agreement 2: Evolution Metals & Technologies Grants Yorkville Registration Rights for Conversion Shares**

-   **Agreement type**: Registration Rights Agreement for resale of conversion shares
-   **Counterparty**: Yorkville
-   **Signed / Effective**: Sep 17 2026 / Sep 17 2026
-   **Duration / Termination**: At will
-   **Reason**: Enable resale and enhance liquidity for investor

**Agreement 3: Evolution Metals & Technologies Subsidiaries Guarantee Obligations Under Yorkville Debentures**

-   **Agreement type**: Global Guarantee Agreement by subsidiaries
-   **Counterparty**: Yorkville
-   **Signed / Effective**: Sep 17 2026 / Sep 17 2026
-   **Duration / Termination**: At will
-   **Reason**: Support financing with subsidiary guarantees

Original SEC Filing: Evolution Metals & Technologies Corp. \[ EMAT \] - 8-K - Sep. 18, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**