Critical Metals Files EUR Audited FY26 Financials and Merger Pro Formas Ahead of Today's Vote
CRML sits 26% above its 52-week low of $5.115.
Summary
Critical Metals filed European Lithium's audited FY2026 statements and pro forma combined financials for the pending all-stock acquisition, showing 50.4M-90.6M CRML shares to be issued and a combined $306.6M cash position. The EUR shareholder vote is set for today, October 22, 2026.
Key Events · M&A and Partnerships · CRML
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Merger Financials Filed for EUR Scheme
6-K includes European Lithium's audited FY2026 statements and Article 11 pro forma combined financials for the all-stock acquisition first announced May 18, 2026.
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Share Cost Ranges 50.4M to 90.6M CRML Shares
At the 0.025 floor ratio CRML issues 50,449,132 shares (~$781.16M of consideration); at the 0.045 cap ratio it issues 90,592,758 shares (~$702.31M), with the ratio set by the 20-day VWAP against an $8.00 floor and $16.00 ceiling.
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Pro Forma Loss and Cash Position
Pro forma combined net loss attributable to CRML is $271.2M (minimum) to $323.3M (maximum), or $(2.13) to $(1.93) per share, against pro forma combined cash of $306.6M and net assets of $636.5M.
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EUR Profit Is a Deconsolidation Gain
EUR's A$930.6M FY2026 profit after tax is driven by a A$1,275.5M non-cash gain on deconsolidating CRML, not operating earnings; EUR held A$296.3M of cash at June 30, 2026.
Analysis · CRML · Energy & Transportation
This 6-K supplies the financial backbone for the European Lithium scheme: EUR's audited FY2026 accounts and the pro forma combined company. The headline EUR profit is an accounting artifact — a A$1,275.5M gain on deconsolidating CRML — not operating cash generation, so it should not be read as earnings power. What matters for CRML holders is the share cost of the deal and the combined balance sheet. Depending on where the 20-day VWAP lands, CRML issues roughly 50.4M shares (at the 0.025 floor ratio, ~$781M of consideration) or 90.6M shares (at the 0.045 cap ratio, ~$702M), and the pro forma combined entity carries $306.6M of cash against a $271M-$323M pro forma net loss. The EUR shareholder vote is scheduled for today, October 22, 2026, with completion targeted for November 2026 — that vote is the binary event for the merger.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.4% of the 1560 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CRML was trading at $6.43 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $976M. The 52-week trading range was $5.12 to $21.86. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.