Project Energy Reimagined Acquisition Corp. (PERAC) announced that its proposed business combination with Heramba Electric is anticipated to close in early July 2024, subject to satisfaction of closing conditions. The transaction follows the business combination agreement signed on October 2, 2023, between PERAC, Heramba Electric plc, and related entities.The deal has already achieved key milestones, with the SEC declaring the Registration Statement effective on March 19, 2024, followed by PERAC shareholders approving the business combination on March 28, 2024. The transaction includes the filing of Form F-4 registration statement containing proxy statement/prospectus for the securities to be issued by Holdco in connection with the merger.Upon completion, the combined company's securities are expected to list on Nasdaq. The merger aims to create value through combining the operations of both entities, though success and realization of potential benefits cannot be guaranteed due to various market, regulatory, and operational risks.

Project Energy Reimagined Acquisition Corp. (PERAC) announced that its proposed business combination with Heramba Electric is anticipated to close in early July 2024, subject to satisfaction of closing conditions. The transaction follows the business combination agreement signed on October 2, 2023, between PERAC, Heramba Electric plc, and related entities.The deal has already achieved key milestones, with the SEC declaring the Registration Statement effective on March 19, 2024, followed by PERAC shareholders approving the business combination on March 28, 2024. The transaction includes the filing of Form F-4 registration statement containing proxy statement/prospectus for the securities to be issued by Holdco in connection with the merger.Upon completion, the combined company's securities are expected to list on Nasdaq. The merger aims to create value through combining the operations of both entities, though success and realization of potential benefits cannot be guaranteed due to various market, regulatory, and operational risks.