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An update from Pineapple Power Corp PLC ( (GB:PNPL) ) is now available.
Pineapple Power Corp PLC has terminated its proposed acquisition of FUSE-AI Gmbh due to an inability to reach a satisfactory agreement. Instead, it has entered into non-binding terms for a reverse takeover of Buffalo Battery Metals PTY Limited, an Australian company specializing in mineral exploration and production in Zimbabwe. This move aligns with the rising demand for critical minerals in the renewable energy sector. The acquisition, if completed, will lead to a delisting from the Main Market and a new listing on the AIM market of the London Stock Exchange, with Buffalo Battery Metals’ management taking a significant role in the enlarged company.
More about Pineapple Power Corp PLC
Pineapple Power Corp PLC is a company involved in the energy sector, currently acting as a listed shell company. The company is focused on facilitating listings on the London Stock Exchange and is involved in strategic acquisitions to enhance its market presence.
Technical Sentiment Signal: Buy
Current Market Cap: £2.28M
Learn more about PNPL stock on TipRanks’ Stock Analysis page.