Portage Fintech Corp (PFTA) has released an update.
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.
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