Good Earth 1000, LLC Discloses 15.8 Million Share Pledge to Axos Bank in WTMA Amendment
Good Earth 1000, LLC and Nicole Garcia filed an amendment to their Schedule 13D for Evolution Metals & Technologies Corp. (WTMA) to disclose new financing arrangements. On May 14, 2026, Good Earth 1000, LLC entered into a senior secured credit facility with Axos Bank. As part of this arrangement, the filer pledged 15,840,000 shares of WTMA common stock as collateral. Despite the pledge, the reporting persons maintain sole voting and dispositive power over a total of 63,421,535 shares, representing a 10.69% stake in the company. Axos Bank's rights to the pledged shares only arise upon an Event of Default. The shares were originally acquired as merger consideration in January 2026 and not through borrowed funds. The reporting persons continue to hold the securities for investment purposes and may engage in future discussions with management regarding strategic alternatives or capitalization. No other transactions in the issuer's common stock were reported within the past 60 days.