Menlo Park, California, June 28, 2024 (GLOBE NEWSWIRE) -- Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR) ("PERAC") today announced that its proposed business combination (the "Business Combination") pursuant to the Business Combination Agreement, dated as of October 2, 2023 (the "Business Combination Agreement"), by and among PERAC, Heramba Electric plc ("Holdco"), Heramba Merger Corp., Heramba Limited and Heramba GmbH ("Heramba"), is anticipated to close in early July 2024, subject to the satisfaction or waiver of all applicable closing conditions.
About Project Energy Reimagined Acquisition Corp.
PERAC is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
Important Information About the Business Combination and Where to Find It
This communication does not contain all the information that should be considered concerning the Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination. In connection with the Business Combination, Heramba and PERAC, through Holdco, filed with the Securities and Exchange Commission (the "SEC") a registration statement on Form F-4 (File No. 333-275903) (as amended, the "Registration Statement"), which contains a proxy statement/prospectus that constitutes (i) a proxy statement relating to the Business Combination in connection with PERAC's solicitation of proxies for the vote by PERAC's shareholders regarding the Business Combination and related matters, as described in the Registration Statement, and (ii) a prospectus relating to, among other things, the offer of the securities to be issued by Holdco in connection with the Business Combination. On March 19, 2024, the Registration Statement was declared effective by the SEC, and Holdco and PERAC filed the definitive proxy statement/prospectus with the SEC. On or about March 19, 2024, PERAC commenced the mailing of the definitive proxy statement/prospectus and other relevant documents to its shareholders as of March 1, 2024, the record date established for voting on the Business Combination. On March 28, 2024, the shareholders of PERAC approved the Business Combination and related matters. INVESTORS AND SECURITY HOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ THE REGISTRATION STATEMENT, DEFINITIVE PROXY STATEMENT/PROSPECTUS, AND ANY AMENDMENTS OR SUPPLEMENTS THERETO AND ANY OTHER RELATED DOCUMENTS FILED WITH THE SEC BY PERAC OR HOLDCO WHEN THEY BECOME AVAILABLE, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT HERAMBA, PERAC, HOLDCO AND THE BUSINESS COMBINATION, INCLUDING WITH RESPECT TO THE PRO FORMA IMPLIED ENTERPRISE VALUE OF THE COMBINED COMPANY. Investors and security holders may obtain free copies of the Registration Statement, definitive proxy statement/prospectus and any amendments or supplements thereto and other related documents filed with the SEC by PERAC or Holdco (in each case, when available) through the website maintained by the SEC at ...