<span item_type="fundamental" item_id="a2756e996dd20c081b4bcec1d26ea113" counter_id="ST/US/WTMAU" env="prod"></span><span item_type="announcement" item_id="516423733187514369" env="prod"></span><p>EPS: As of FY2025 Q1, the actual value is USD -0.15.</p><p>EBIT: As of FY2025 Q1, the actual value is USD -507.87 K.</p><p></p><h3>Segment Revenue</h3><ul><li>The company has not commenced any operations and has not generated any operating revenues as of March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1866226/000121390025043983/ea0242100-10q_welsbach.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Loss</strong>: For the three months ended March 31, 2025, the company reported a net loss of - $520,441, compared to a net loss of - $70,160 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1866226/000121390025043983/ea0242100-10q_welsbach.htm"></span></li><li><strong>Operating Expenses</strong>: General and administrative expenses were $567,723 for the three months ended March 31, 2025, compared to $271,992 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1866226/000121390025043983/ea0242100-10q_welsbach.htm"></span></li><li><strong>Franchise Tax</strong>: The franchise tax was $37,200 for the three months ended March 31, 2025, compared to $50,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1866226/000121390025043983/ea0242100-10q_welsbach.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: For the three months ended March 31, 2025, net cash used in operating activities was - $474,936.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1866226/000121390025043983/ea0242100-10q_welsbach.htm"></span></li><li><strong>Net Cash Provided by Financing Activities</strong>: For the three months ended March 31, 2025, net cash provided by financing activities was $474,489, mainly reflecting proceeds from working capital loans entered into with the related party.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1866226/000121390025043983/ea0242100-10q_welsbach.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Interest Income</strong>: Interest income from restricted cash held in the Trust Account was $97,051 for the three months ended March 31, 2025, compared to $260,681 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1866226/000121390025043983/ea0242100-10q_welsbach.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company intends to effectuate its business combination using cash from the proceeds of its IPO and the sale of placement units, capital stock, debt, or a combination of cash, stock, and debt.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1866226/000121390025043983/ea0242100-10q_welsbach.htm"></span></li><li><strong>Non-Core Business</strong>: The company has entered into a series of agreements, including a merger agreement with Evolution Metals LLC, and plans to rename itself Evolution Metals &amp; Technologies Corp upon consummation of the merger.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1866226/000121390025043983/ea0242100-10q_welsbach.htm"></span></li><li><strong>Priority</strong>: The company aims to complete a business combination before the mandatory liquidation date of June 30, 2025, but there is substantial doubt about its ability to continue as a going concern through this date.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1866226/000121390025043983/ea0242100-10q_welsbach.htm"></span></li></ul>

Welsbach Tech Metals Acquisition - UNIT | 10-Q: FY2025 Q1 EPS: USD -0.15