CRML Merger Update: How Far Along is European Lithium in the NASDAQ Journey? European Lithium Limited

CRML Merger Update: How Far Along is European Lithium in the NASDAQ Journey?

European Lithium's NASDAQ Listing Update: Progress and Anticipation for the CRML Merger

European Lithium Limited (ASX: EUR, FRA:PF8, OTC: EULIF), commonly referred to as European Lithium, announces significant progress on the Form F-4 Registration Statement of Critical Metals Corp. , a critical step towards the highly anticipated NASDAQ listing resulting from the proposed merger transaction. The process entails the combination of European Lithium's Wolfsberg Lithium Project with Sizzle Acquisition Corp. (NASDAQ: SZZL), culminating in the formation of "Critical Metals Corp. " slated for listing under the symbol "CRML. "

Where and When

The lodgement of the amended F-4, incorporating financial statements of Sizzle Acquisition Corp. as of 30 September 2023, marks a pivotal moment in this journey towards the NASDAQ listing.

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European Lithium anticipates this crucial update to the F-4 to be filed within days, signaling imminent progress in the review process and potentially paving the way for the final stages of the NASDAQ listing.

Why It Matters

The merger transaction promises transformative opportunities for European Lithium, aligning with its strategic goal of expanding its foothold in the global lithium market. The anticipated NASDAQ listing is poised to unlock significant potential, offering unparalleled visibility and access to a broader investor base.

How the Process Unfolds

Since the announcement of the business combination agreement on 26 October 2022, numerous amendments have been filed concerning the F-4 Registration Statement with the U. S. SEC. The most recent, F-4 Amendment No 5, was lodged on 9 November 2023, signifying the ongoing commitment to fulfilling regulatory requirements.

Navigating Through Approvals: Milestones and Progress

European Lithium's shareholders voted affirmatively for the Transaction on 20 January 2023, marking a pivotal step in the merger process. The subsequent review and approval stages by the SEC and Sizzle shareholders remain integral components propelling this ambitious venture forward.

The Anticipated Merger Outcome

Upon the successful conclusion of the Transaction and the approval process, European Lithium is set to receive an issuance of US$750 million worth of ordinary shares in Critical Metals Corp. , a testament to the potential financial benefits awaiting the company following the NASDAQ listing.

European Lithium's relentless efforts in navigating the regulatory landscape and meeting compliance requirements underscore its commitment to realizing the monumental NASDAQ listing and the subsequent merger with Sizzle Acquisition Corp. The company's strategic foresight and persistent pursuit of this transformative venture promise a new era of growth and recognition within the global lithium market.

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