Project Energy Reimagined Acquisition Corp. (PERAC), a blank check company focused on mergers and acquisitions, announced that its business combination with Heramba Electric plc and associated entities is expected to close in early July 2024. This development follows the execution of the Business Combination Agreement on October 2, 2023, and subsequent approval by PERAC’s shareholders in March 2024. The combination will include restructuring and listing requirements, subject to the satisfaction of regulatory and closing conditions. Detailed information about the Business Combination can be found in the registration statement available on the SEC’s website.

Private Equity, Renewable Energy, Corporate Finance,United States, United Kingdom, Germany