Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Pineapple Power Corp PLC ( (GB:PNPL) ) just unveiled an announcement.
Pineapple Power Corporation PLC has terminated its proposed acquisition of Ilios Hydrogen Canada Limited due to challenges in securing necessary capital and agreement on terms. Instead, it has entered into non-binding heads of terms for a reverse takeover of FUSE-AI GmbH, a Hamburg-based company specializing in AI-powered clinical software solutions. This proposed acquisition, if completed, will involve an all-share transaction with the intention to list FUSE-AI on the London Stock Exchange, thus facilitating its growth and expansion into new diagnostic software areas. As part of this process, Pineapple Power’s listing remains suspended pending further developments.
More about Pineapple Power Corp PLC
Pineapple Power Corporation PLC operates as a listed shell company, primarily focusing on investments and acquisitions within the energy and technology sectors.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.28M
Find detailed analytics on PNPL stock on TipRanks’ Stock Analysis page.
