Evolution Metals & Technologies Corp. filed a registration statement for the resale of up to 7,500,000 common shares. These shares are issuable upon the conversion of May 7, 2026 Convertible Debentures held by YA II PN, Ltd.
As of September 23, 2026, approximately $12.4 million of the principal from the first debenture remains outstanding. The conversion price is set at the lower of $12.09 or 95% of the five-day volume-weighted average price. A minimum conversion floor is established at $1.86 per share.
This filing follows a separate $30.9 million convertible debt agreement with the same investor announced on September 17. The potential conversion and subsequent sale of these shares may increase the public float and create selling pressure.