---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-24-002249"
form_type: "8-K"
ticker: null
cik: "0001847241"
company_name: "Project Energy Reimagined Acquisition Corp."
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:25:07.360969+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PERAC closes merger with Heramba; Heramba Electric to trade under 'PITA' on Nasdaq starting July 30

## Summary
- 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.

## SEC filing metadata
- accession: 0001013762-24-002249
- form_type: 8-K
- cik: 0001847241
- company_name: Project Energy Reimagined Acquisition Corp.
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.01, 3.02, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847241/000101376224002249/0001013762-24-002249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847241/000101376224002249/ea0210238-8k_project.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-24-002249
- JSON: https://secwatch.observer/filing/0001013762-24-002249.json
- Plain text: https://secwatch.observer/filing/0001013762-24-002249.txt

## Key facts
- Executive change
  Kathy Liu resigned as Head of Technology Strategy at Project Energy Reimagined Acquisition Corp..
  - Action: resigned
  - Role: Head of Technology Strategy
  source text: 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847241/000101376224002249/0001013762-24-002249-index.htm
- Executive change
  Nina Jensen departed as Director at Project Energy Reimagined Acquisition Corp..
  - Action: ceased
  - Role: Director
  source text: each of Michael Browning (Chairman of the Board), Eric Spiegel and Nina Jensen ceased to be a director of PERAC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847241/000101376224002249/0001013762-24-002249-index.htm
- Executive change
  Michael Browning departed as Chairman of the Board at Project Energy Reimagined Acquisition Corp..
  - Action: ceased
  - Role: Chairman of the Board
  source text: each of Michael Browning (Chairman of the Board), Eric Spiegel and Nina Jensen ceased to be a director of PERAC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847241/000101376224002249/0001013762-24-002249-index.htm
- Executive change
  Eric Spiegel departed as Director at Project Energy Reimagined Acquisition Corp..
  - Action: ceased
  - Role: Director
  source text: each of Michael Browning (Chairman of the Board), Eric Spiegel and Nina Jensen ceased to be a director of PERAC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847241/000101376224002249/0001013762-24-002249-index.htm
- Executive change
  David Roberts resigned as Chief Operating Officer at Project Energy Reimagined Acquisition Corp..
  - Action: resigned
  - Role: Chief Operating Officer
  source text: 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847241/000101376224002249/0001013762-24-002249-index.htm
- Executive change
  Tim Dummer resigned as Head of Business Strategy at Project Energy Reimagined Acquisition Corp..
  - Action: resigned
  - Role: Head of Business Strategy
  source text: 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847241/000101376224002249/0001013762-24-002249-index.htm
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847241/000101376224002249/0001013762-24-002249-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.