TRADING UPDATES: Creo extends contract; Belluscura raises funds
2nd Jul 2024 20:03
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Cykel AI PLC - artificial intelligence specialist - and Mustang Energy PLC - London-based special purpose acquisition company focused on energy storage assets. On Tuesday, court sanctions scheme by which bid for Cykel AI by Mustang will be implemented. Read More
(Alliance News) - Mustang Energy PLC and Cykel AI PLC on Friday agreed terms to an all-share takeover, following several extensions of the offer deadline. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Mustang Energy PLC on Friday said its acquisition of Cykel AI PLC has been delayed. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Mustang Energy PLC - London-based special purpose acquisition company - Announces with Cykel AI PLC that the pair have extended the deadline for Mustang to make a firm decision or offer for Cykel to March 15 from February 16. In January, Mustang entered into a non-binding heads of terms deal to acquire the entire share capital of Cykel, a London-based software firm specialising in advanced artificial intelligence products, through the issue of 1.844 new Mustang shares for each Cykel share. The deadline may be further extended at the request of Cykel, Mustang says. Read More
(Alliance News) - Mustang Energy PLC on Friday said it had struck a deal to acquire Cykel AI for GBP19.2 million. Read More
(Alliance News) - Mustang Energy PLC and Cykel AI PLC made joint announcements of the proposed acquisition on Friday. Read More
Mustang Energy PLC - London-based special purpose acquisition company focused on energy storage and stationary battery assets - Opts against acquiring Acacia Resources Ltd's minority interest in VFRB Holdings Ltd. Says this follows announcements in August and September, when it said it was in negotiations with the shareholders of VRFB-H, being Bushveld Minerals Ltd and Acacia, over renegotiating the terms in which Mustang would acquire their interests in VRFB. As announced two weeks ago, Bushveld was to begin a formal sale process for its interest in VRFB-H, which Mustang decided against participating in. As a result, Acacia and Mustang have now concluded that it is not in either parties' best interest to pursue the acquisition of Acacia's minority interest in VRFB-H. Says it continues to "actively consider" acquisition opportunities and that further announcements will be made in "due course". Read More
Mustang Energy PLC - London-based special purpose acquisition company focused on energy storage and stationary battery assets - Agrees with Bushveld Minerals Ltd on the sum of backstop fees owed as a result of redemption of the company's convertible loan notes, previously announced. The sum of GBP121,278.75 will be satisfied by the issue of 606,394 shares at GBP0.20 each. Also agrees to pay the USD420,000 working capital facility provided by Bushveld in January 2022 and January 2023. The facility matures on December 31 2023 or if the company completes an equity or debt raising of no less than GBP1 million. Further, continues to negotiate the terms of the acquisition of 100% of the shares in VRFB Holdings Ltd. Read More
(Alliance News) - Bushveld Minerals Ltd on Wednesday said holders of convertible loan notes in Mustang Energy PLC have elected to redeem their notes. Read More
(Alliance News) - Bushveld Minerals Ltd on Friday noted that VRFB Holdings Ltd has received notice from Garnet Commerce Ltd regarding its option in Enerox Holdings Ltd, which wholly owns Enerox GmbH, the owner of the CellCube brand and energy storage system. Read More
Mustang Energy PLC - London-based special purpose acquisition company focused on energy storage and stationary battery assets - Receives approval of the Federal Ministry of Labour & Economic Affairs of the Austrian government regarding the proposed change of control of Enerox Holdings Ltd, the owner of the CellCube brand, an energy storage system. In mid-April, it entered into a conditional agreement with Garnet Commerce Ltd and VRFB Holdings Ltd under which VRFB Holdings has agreed to acquire Garnet's 50% interest in Enerox. The total consideration to Garnet for its shareholding in Enerox is USD33.2 million. Read More
Mustang Energy PLC - London-based special purpose acquisition company focused on energy storage and stationary battery assets - Enters into conditional agreement with Garnet Commerce Ltd and VRFB Holdings Ltd under which VRFB Holdings has agreed to acquire Garnet's 50% interest in Enerox Holdings Ltd, the owner of the CellCube brand, an energy storage system. Read More
(Alliance News) - Mustang Energy PLC on Monday said it entered into a deal with Bushveld Energy Ltd to acquire its 51% stake in VRFB Holdings. Read More
Mustang Energy PLC - London-based special purpose acquisition company - Says finalisation and review of prospectus by Financial Conduct Authority has commenced. Prospectus concerns Mustang's share exchange agreement with Acacia Resources Ltd. Mustang intends to increase its stake in VRFB Holdings Ltd to 49.5% through the purchase of Acacia Resource's 27% stake, as announced in August. VRFB-H is a 50% shareholder in Enerox Holding Ltd, a special purpose vehicle which holds the entire issued share capital of Enerox GmbH, an Austrian-based vanadium redox flow battery manufacturer. Read More
(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Mustang Energy PLC - London-based special purpose acquisition company - Receives extension to buy 27% stake in VRFB Holdings Ltd. Read More