IN BRIEF: i(x) Net Zero investee finds acquisition in Latin America
25th Aug 2023 11:11
i(x) Net Zero PLC - investor in energy transition - New York-listed acquisition vehicle Enphys Acquisition Corp, in which i(x) Net Zero has an indirect 30% stake, signs a non-binding letter of intent to buy "a leading and well-established advanced biofuels company in Latin America". i(X) Net Zero notes there is no certainty that a definitive takeover agreement will be reached. In the meantime, Enphys files with the US Securities & Exchange Commission to extend the time it has to make an initial acquisition to July 8, 2024 from October 8 this year. This also requires approval by Enphys shareholders. Read More