Loop Energy Merger Faces Uncertainty

Loop Energy, Inc. (TSE:LPEN) has released an update.

Loop Energy Inc., a hydrogen fuel cell manufacturer, has hit a snag with its planned merger with H2 Portable Power Corp. and 1465123 B.C. Ltd., announced earlier in February. The merger requires an amendment for completion; however, no such proposal has been made, leaving the transaction’s future uncertain. The company specializes in fuel cell stacks for commercial vehicle electrification and stationary power, aiming for a zero-emissions future with its proprietary eFlow technology.

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