Sovereign Metals Sapan Ghai highlights a rutile supply crisis and sets sights on mid-2024 Kasiya DFS. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE
Sovereign Metals Sapan Ghai highlights a rutile supply crisis and sets sights on mid-2024 Kasiya DFS
Sovereign Metals Sapan Ghai highlights a rutile supply crisis and sets sights on mid-2024 Kasiya DFSView Video
Will Holland, Europa CEO explains the potential for gas Infrastructure-Led Exploration in Eq. Guinea
Will Holland, Europa CEO explains the potential for gas Infrastructure-Led Exploration in Eq. GuineaView Video

Latest Share Chat

IN BRIEF: Pineapple Power shares suspended amid reverse takeover plans

Mon, 24th Apr 2023 21:08

Pineapple Power Corp - London-based special purpose acquisition company - Says its shares are temporarily suspended at its request, as it plans a reverse takeover of of hydrogen refuelling business Element 2 Ltd. Notes it cannot guarantee the reverse takeover will complete. On Friday, it entered into non-binding heads of terms with Element 2 to acquire 100% of the company for GBP120 million in new Pineapple Power shares.

Pineapple Power Chair Claudio Morandi says: "During the past few months, we have reviewed numerous projects and believe the proposed acquisition meets our stated objective of identifying a potentially extremely valuable entity involved in the renewable energy sector and clean and green technologies."

Element 2 Chief Executive Officer Tim Harper says: "We are playing a critical role in the UK's energy transition, and the transaction with Pineapple Power will provide an expressway to capital infusion, powering a significant expansion of our network of hydrogen refuelling stations and propelling our growth trajectory to new heights. Our goal is to make UK road transport a global decarbonisation success story - supplying hydrogen for all vehicle types, including [heavy goods vehicles], vans, buses, refuse vehicles and cars."

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Related Shares

More News
30 Oct 2023 14:30

TRADING UPDATES: Helium One says Tai-3 rig temporarily shut down

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

29 Sep 2023 14:35

EARNINGS: Supply@Me loss narrows; notes strong pipeline

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News:

28 Apr 2023 19:39

EARNINGS UPDATES: Hostmore revenue jumps, Aminex loss halves

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

23 Mar 2023 13:45

IN BRIEF: Pineapple Power completes GBP350,000 equity fundraise

Pineapple Power Corp - London-based special purpose acquisition company - Completes a GBP350,000 fundraise via a placing of 11.7 million new shares ne...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.