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Friday, July 26, 2024

Equity Corporate Actions Alert #2024 - 353
(UPDATED: Effective date postponed) Information Regarding the Business Combination of Project Energy Reimagined Acquisition Corp. (PEGR/U/W) & Heramba Electric plc

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  • Industry Announcement

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The business combination of Project Energy Reimagined Acquisition Corp. (PEGR/U/W) & Heramba Electric plc is expected to become on a date to be announced. The associated actions have been postponed and will NOT be effective on Monday, July 29, 2024. As a result of the business combination, the Class A Ordinary Shares, Warrant, and Unit of Project Energy Reimagined Acquisition Corp. (PEGR/U/W) will be suspended from trading. Subject to closing. The suspension details are as follows:

Company Name/Issue: Project Energy Reimagined Acquisition Corp. Class A Ordinary Shares
CUSIP#: G72556106
Symbol: PEGR
Last Trading Date: TBA
Marketplace Effective Date for Suspension: TBA
Merger Consideration: One (1) Heramba Electric plc Ordinary Share (PITA) for each share held.

Company Name/Issue: Project Energy Reimagined Acquisition Corp. Warrant
CUSIP#: G72556114
Symbol: PEGRW
Last Trading Date: TBA
Marketplace Effective Date for Suspension: TBA
Merger Consideration: One (1) Heramba Electric plc Warrant expiring 7/26/29 (PITAW) for each warrant held.

Company Name/Issue: Project Energy Reimagined Acquisition Corp. Unit
CUSIP#: G72556122
Symbol: PEGRU
Last Trading Date: TBA
Marketplace Effective Date for Suspension: TBA
Merger Consideration: Unit will separate into its components.

As a result of the merger the combined company will list its Ordinary Shares on the Nasdaq Global Market and the Warrants on the Nasdaq Capital Market. The details are as follows:

Company Name/Issue: Heramba Electric plc Ordinary Shares
CUSIP#: G4411J114
Symbol: PITA
Marketplace Effective Date: TBA

Company Name/Issue: Heramba Electric plc Warrant expiring 7/26/29
CUSIP#: G4411J106
Symbol: PITAW
Marketplace Effective Date: TBA

If you would like to register as a market maker in PITA or PITAW, contact Nasdaq Trading Services at +1 212 231 5100.


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