8-K
filed July 30, 2024, 7:59 PM ET
CIK 0001847241
M&A
confidence high
sentiment neutral
materiality 0.75
Project Energy Reimagined Acquisition Corp.: M&A transaction — PERAC closes merger with Heramba; Heramba Electric to trade under 'PITA' on Nasdaq starting July 30
Project Energy Reimagined Acquisition Corp.
- Business combination closed July 26, 2024; Heramba Electric plc (Holdco) is the surviving public entity.
- After redemptions of 5,739,391 PERAC shares, 913,396 public shares exchanged for Holdco ordinary shares.
- Post-closing issued capital: 47,043,407 ordinary shares, 21,614,362 warrants, and 25,000 deferred shares.
- Sponsor released 3,118,319 PERAC Class A shares from lock-up for distribution to non-affiliate members.
- Heramba previously acquired Kiepe Electric in February 2024; combined company focuses on e-mobility solutions.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kathy Liu resigned as Head of Technology Strategy at Project Energy Reimagined Acquisition Corp..
- Action
- resigned
- Role
- Head of Technology Strategy
Exact text from the filing
the following officers of PERAC resigned from their respective positions: David Roberts (Chief Operating Officer), Tim Dummer (Head of Business Strategy) and Kathy Liu (Head of Technology Strategy)
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nina Jensen departed as Director at Project Energy Reimagined Acquisition Corp..
- Action
- ceased
- Role
- Director
Exact text from the filing
each of Michael Browning (Chairman of the Board), Eric Spiegel and Nina Jensen ceased to be a director of PERAC
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Browning departed as Chairman of the Board at Project Energy Reimagined Acquisition Corp..
- Action
- ceased
- Role
- Chairman of the Board
Exact text from the filing
each of Michael Browning (Chairman of the Board), Eric Spiegel and Nina Jensen ceased to be a director of PERAC
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Eric Spiegel departed as Director at Project Energy Reimagined Acquisition Corp..
- Action
- ceased
- Role
- Director
Exact text from the filing
each of Michael Browning (Chairman of the Board), Eric Spiegel and Nina Jensen ceased to be a director of PERAC
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Roberts resigned as Chief Operating Officer at Project Energy Reimagined Acquisition Corp..
- Action
- resigned
- Role
- Chief Operating Officer
Exact text from the filing
the following officers of PERAC resigned from their respective positions: David Roberts (Chief Operating Officer), Tim Dummer (Head of Business Strategy) and Kathy Liu (Head of Technology Strategy)
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Tim Dummer resigned as Head of Business Strategy at Project Energy Reimagined Acquisition Corp..
- Action
- resigned
- Role
- Head of Business Strategy
Exact text from the filing
the following officers of PERAC resigned from their respective positions: David Roberts (Chief Operating Officer), Tim Dummer (Head of Business Strategy) and Kathy Liu (Head of Technology Strategy)
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Project Energy Reimagined Acquisition Corp. completed an acquisition involving Heramba GmbH, Heramba Electric plc (Holdco), Heramba Limited (Seller) for 36,700,000 Holdco Ordinary Shares (closed 2024-07-26).
- Action
- acquisition
- Counterparty
- Heramba GmbH, Heramba Electric plc (Holdco), Heramba Limited (Seller)
- Consideration
- 36,700,000 Holdco Ordinary Shares
- Closing
- 2024-07-26
Exact text from the filing
Time, pursuant to a transfer agreement between the Seller and Holdco, the Seller transferred all of the shares in Heramba to Holdco in exchange for the issuance by Holdco of 36,700,000 Holdco Ordinary Shares to the Seller. 1 Following redemptions of 5,739,391 PERAC Class A Ordinary Shares by PERAC’s public shareholders, 913,396 PERAC public shares remained
View on SEC.gov
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