🔴 Evolution Metals & Technologies is trading 13.17% down today after announcing Yorkville financing up to $30.9 million

Evolution Metals & Technologies is trading at $3.49, -13.17%, after announcing up to $30.9 million in Yorkville convertible debentures.

• The financing includes an immediate $22 million tranche.
• Additional debt is convertible into common shares at the lower of $5.02 or 95% of recent lowest VWAP, creating dilution concerns.
• The broader market is nearly flat, making the financing the clearest catalyst.