Vaxil Bio Ltd. has entered into a definitive agreement with Green Data Centers for a reverse takeover of Vaxil. Green Data Centers, a company focused on sustainable energy and data center solutions, will become Vaxil’s primary business post-transaction. Green Data Centers plans to utilize renewable energy and battery energy storage systems to support their data centers amidst rising energy demands driven by AI and digital data growth. This transaction involves Vaxil’s asset divestment and a significant consolidation of shares. The deal awaits multiple shareholder approvals and regulatory acceptance.
Renewable Energy, Data Centers, Mergers & Acquisitions,Canada, United States
https://www.globenewswire.com/news-release/2024/08/21/2933473/0/en/Vaxil-Bio-Enters-Into-Definitive-Agreement-With-Green-Data-Centers-for-Reverse-Take-Over.html