Critical Metals Sets 0.045 Exchange Ratio for European Lithium Takeover
CRML sits 27% above its 52-week low of $5.115.
Summary
Critical Metals will issue 0.045 of its own shares for each European Lithium share under the schemes of arrangement, taking 100% of the target. That fixes the exchange ratio first floated in the August amendment, which replaced the fixed ratio with a floating one, and follows the September Scheme Booklet that set shareholder votes for October. The final option scheme consideration is expected on or around October 28, 2026, so the deal is in its closing stretch. The ratio is the number that determines how much CRML stock existing holders get diluted by, and at today's price it values each European Lithium share at roughly $0.29. Watch the October 28 option scheme consideration and the shareholder vote outcome — those are the remaining gates before the acquisition completes.
At the time of this announcement, CRML was trading at $6.48 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $940.8M. The 52-week trading range was $5.12 to $22.39. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.