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ABOUND Energy Extends Acquisition Agreement with Alluvial Capital to 2025

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ABOUND Energy Extends Acquisition Agreement with Alluvial Capital to 2025

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Zinc8 Energy Solutions ( (TSE:ABND) ) has provided an announcement.

ABOUND Energy Inc. and Alluvial Capital Corp have mutually agreed to extend the closing date of their acquisition agreement to February 28, 2025, to ensure thorough due diligence and compliance with regulatory, financial, and operational requirements. This strategic acquisition aligns with ABOUND’s long-term vision to expand its market presence in innovative energy solutions, and the extension will facilitate key assessments and integration strategies, potentially creating significant opportunities for all stakeholders.

More about Zinc8 Energy Solutions

ABOUND Energy Inc. operates in the energy industry, focusing on scalable, environmentally friendly, long-lasting energy technology. Their primary product is the patented Zaeras™ long-duration energy storage technology, which uses zinc-air chemistry to offer electricity storage and on-demand delivery. ABOUND aims to enhance the integration and resilience of green energy into the grid while providing a safer alternative to traditional battery systems.

YTD Price Performance: 100%

Average Trading Volume: 47,780

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.46M

For an in-depth examination of ABND stock, go to TipRanks’ Stock Analysis page.

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