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IN BRIEF: New Energy One posts maiden loss, acquisition search ongoing

31st Aug 2022 21:14

New Energy One Acquisition Corp PLC - special purpose acquisition company focused on low-carbon energy transition - For the period from November 8, 2021 to May 31, 2022, reported pretax loss of GBP3.7 million, due to administrative costs of GBP1.6 million and finance expenses of GBP2.1 million.

"Post the successful admission of NEOA to the Main Market of the London Stock Exchange, the board and the management team have reviewed and diligently continue to scan investment opportunities. The board and management are pleased to report that good progress has been made in narrowing down potential acquisition targets that are positioned to benefit from the global transition towards a low carbon economy," says Chair Volker Beckers.

Current stock price: 995.00 pence

12-month change: up 0.2%

By Dayo Laniyan; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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NEOA.L
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