Heramba Electric plc announced the completion of its business combination with Project Energy Reimagined Acquisition Corp. (PERAC) on July 26, 2024. The combined company's ordinary shares and warrants will commence trading on Nasdaq under symbols "PITA" and "PITAW" respectively on July 30, 2024.Following the transaction and previously completed Kiepe Electric acquisition in February 2024, Heramba Electric aims to become a global leader in sustainable urban transportation. The company, through Kiepe Electric, specializes in electrification systems for rail and road transport, offering solutions in power electronics, electric drives, vehicle controls, and intelligent fleet management software.Of PERAC's public shares, 913,396 remained outstanding after redemptions of 5,739,391 shares, with 400,000 shares subject to lock-up restrictions. The combined company will be led by CEO Michele Molinari and CFO Peter Muemmler, with an eight-member board of directors overseeing operations.

Heramba Electric plc announced the completion of its business combination with Project Energy Reimagined Acquisition Corp. (PERAC) on July 26, 2024. The combined company's ordinary shares and warrants will commence trading on Nasdaq under symbols "PITA" and "PITAW" respectively on July 30, 2024.Following the transaction and previously completed Kiepe Electric acquisition in February 2024, Heramba Electric aims to become a global leader in sustainable urban transportation. The company, through Kiepe Electric, specializes in electrification systems for rail and road transport, offering solutions in power electronics, electric drives, vehicle controls, and intelligent fleet management software.Of PERAC's public shares, 913,396 remained outstanding after redemptions of 5,739,391 shares, with 400,000 shares subject to lock-up restrictions. The combined company will be led by CEO Michele Molinari and CFO Peter Muemmler, with an eight-member board of directors overseeing operations.