Critical Metals Corp. Secures PIPE Financing
Ticker: CRTMF · Form: 6-K · Filed: Feb 10, 2025 · CIK: 1951089
Sentiment: neutral
Topics: financing, PIPE, securities
TL;DR
Critical Metals Corp. just closed a PIPE deal with accredited investors to buy more stock.
AI Summary
On February 6, 2025, Critical Metals Corp. entered into securities purchase agreements with certain accredited investors. These agreements, referred to as the "PIPE Investors," will subscribe for and purchase securities from the Company. This Private Investment in Public Equity (PIPE) financing aims to raise capital for Critical Metals Corp.
Why It Matters
This financing indicates investor confidence and provides Critical Metals Corp. with capital, potentially for exploration, development, or operational expansion.
Risk Assessment
Risk Level: medium — PIPE financings can dilute existing shareholders and the specific terms and use of funds are not detailed, introducing uncertainty.
Key Players & Entities
- Critical Metals Corp. (company) — Registrant
- February 6, 2025 (date) — Date of Securities Purchase Agreement
- PIPE Investors (company) — Accredited investors in the financing
- Maples Corporate Services (BVI) Limited (company) — Agent for principal executive office
FAQ
What is the total amount of capital Critical Metals Corp. expects to raise from this PIPE financing?
The filing does not specify the total dollar amount of the financing, only that "certain accredited investors" agreed to subscribe and purchase securities.
What specific securities are being purchased by the PIPE Investors?
The filing refers to the purchase of "securities" but does not detail the type of securities (e.g., common stock, preferred stock, warrants).
When was the Securities Purchase Agreement entered into?
The Securities Purchase Agreement was entered into on February 6, 2025.
Who are the specific "certain accredited investors" involved in the PIPE financing?
The filing refers to them collectively as "PIPE Investors" and does not name the individual entities or persons involved.
What is the intended use of the funds raised from this financing?
The filing does not disclose the specific use of the proceeds from the PIPE financing.
Filing Stats: 1,154 words · 5 min read · ~4 pages · Grade level 14.6 · Accepted 2025-02-10 16:15:02
Key Financial Figures
- $0.001 — each, a “Share”), par value $0.001 per share, of Critical Metals (“O
- $5.00 — uo;Unit”) for a purchase price of $5.00 per Unit, resulting in aggregate gross
- $24,550,000 million — esulting in aggregate gross proceeds of $24,550,000 million for all PIPE Investors, on the terms an
- $7.00 — The Warrants have an exercise price of $7.00 per share (subject to adjustment) and w
Filing Documents
- ea0230382-6k_critical.htm (6-K) — 21KB
- ea023038201ex99-1_critical.htm (EX-99.1) — 249KB
- ea023038201ex99-2_critical.htm (EX-99.2) — 182KB
- ea023038201ex99-3_critical.htm (EX-99.3) — 112KB
- ea023038201ex99-4_critical.htm (EX-99.4) — 42KB
- 0001213900-25-011746.txt ( ) — 606KB
Forward-looking statements are subject to known
Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results could differ materially from those anticipated in forward-looking Company Report on Form 20-F filed with the U.S. Securities and Exchange Commission. These forward-looking statements are based on information available as of the date of this news release, and expectations, forecasts and assumptions as of that date, involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. 2 EXHIBIT INDEX Exhibit No. Description 99.1 Form of Securities Purchase Agreement, by and between Critical Metals Corp. and the investor named therein. 99.2 Registration Rights Agreement, by and among Critical Metals Corp. and the investors named therein. 99.3 Form of Warrant. 99.4 Waiver and Amendment, dated as of February 6, 2025, by and among Critical Metals Corp., JBA Asset Management LLC and YA II PN, LTD. 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Critical Metals Corp. By: /s/ Tony Sage Name: Tony Sage Title: Chief Executive Officer and Executive Chairman Date: February 10, 2025 4