Pineapple Power terminates proposed reverse takeover of Element 2

Pineapple Power has terminated its proposed reverse takeover (RTO) of UK hydrogen refuelling company Element 2.

In April (2023), Pineapple entered into a non-binding Heads of Terms (HoTs) to acquire 100% of the outstanding shares in Element 2 to allow the refuelling firm to accelerate a network of refuelling stations across the UK.

Read more: Element 2 and Pineapple Power propose reverse takeover to accelerate UK hydrogen refuelling

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