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Net Zero Infrastructure Plc ( (GB:NZI) ) just unveiled an update.
Net Zero Infrastructure PLC (NZI) announced that its non-binding letter of intent with QuiaPEG Pharmaceuticals Holding AD regarding a potential purchase of intellectual property has not been extended beyond the initial 12-month period. Despite NZI’s interest in continuing discussions, QuiaPEG decided against extending the agreement. Consequently, NZI is now exploring a new acquisition opportunity in a different sector, which could result in a reverse takeover under the Financial Conduct Authority’s Listing Rules. Due to limited cash resources and pending clarification of this potential acquisition, NZI’s shares remain suspended from trading on the London Stock Exchange.
More about Net Zero Infrastructure Plc
Technical Sentiment Signal: Strong Buy
See more data about NZI stock on TipRanks’ Stock Analysis page.