Mustang Energy Nears Completion of Cykel AI Takeover

Mustang Energy Plc (GB:MUST) has released an update.

Mustang Energy Plc has successfully passed resolutions at their General Meeting to proceed with the acquisition of Cykel AI Plc through a share offer. The deal, classified as a reverse takeover, will result in the delisting of Mustang’s existing shares and the introduction of New Mustang Shares on the London Stock Exchange. Shareholders of both companies have voted in favor of the acquisition, which is expected to finalize by June 26, 2024, followed by the cancellation of Cykel’s shares from the Aquis Stock Exchange Growth Market.

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