European Lithium Limited (ASX: $EUR) has rescheduled the special meeting of Sizzle Acquisition Corp's stockholders to approve the proposed business combination with Critical Metals Corp to 6 February 2024. The postponement is due to the evaluation of potential investments from certain strategic parties in connection with the closing of the Transaction. Upon completion of the Transaction, EUR will be issued US$750 million worth of ordinary shares in CRML.
The rescheduling of the special meeting of Sizzle's stockholders is a strategic decision to carefully evaluate potential investments that could significantly impact the closing of the Transaction. We believe that considering investments from strategic parties is in the best interest of all stakeholders involved. This decision aligns with our commitment to ensuring the successful completion of the business combination with Critical Metals Corp.
European Lithium's rescheduling of the special meeting to evaluate potential investments for Sizzle's business combination with Critical Metals Corp demonstrates the company's dedication to securing strategic partnerships. The completion of the Transaction is expected to lead to the issuance of US$750 million worth of ordinary shares in CRML to EUR. This move reflects European Lithium's proactive approach to maximizing the benefits of the business combination and underscores the company's commitment to enhancing shareholder value and driving future growth.