🔴 Evolution Metals & Technologies is trading 9.45% down today after announcing Yorkville convertible financing

Evolution Metals & Technologies is trading 9.45% down now at $3.64 after announcing a $30.9 million convertible debenture agreement with a Yorkville affiliate.

• The financing includes an immediate $22 million tranche and additional convertible debt.
• Conversion is priced at the lower of $5.02 or 95% of recent VWAP, creating potential shareholder dilution.
• The decline follows gains of 14.80% on September 16 and 5.79% on September 17.