Alteration Earth PLC (GB:ALTE) has released an update.
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Alteration Earth PLC, a special purpose acquisition company, has mutually agreed to terminate its planned acquisition of Verdant Earth Technologies due to unfavorable market conditions and uncertainties. The company’s board is pursuing a different acquisition, which could lead to a reverse takeover, and has requested that trading of its shares be suspended until more details are available. Shareholders are assured of the board’s active search for alternative opportunities, with promising negotiations underway.
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