Portage Fintech Corp (PFTA) has released an update.
Don't Miss Our Christmas 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
Perception Capital Corp. III (PC3) and RBio Energy Corporation are set to merge in a strategic move that will reshape the energy and biofuels landscape. Shareholders of RBio Energy will exchange their shares for new shares in NewPubco, making RBio Energy a wholly owned subsidiary of NewPubco. This major transaction is conditional upon approval from the shareholders of both companies and other customary conditions. With the merger, PC3 will also become a direct subsidiary of NewPubco, and plans are in place to negotiate a supply agreement for bioenergy production. This significant merger is anticipated to close following the fulfillment of all necessary approvals and conditions, marking a new chapter in sustainable energy development.
For further insights into PFTA stock, check out TipRanks’ Stock Analysis page.
