Cykel AI PLC has formally agreed to merge with Mustang Energy PLC (LON:MUST) Share Talk [Video]

Cykel AI PLC (AQSE: CYK) has formally agreed to merge with Mustang Energy PLC (LSE: MUST), a special-purpose acquisition vehicle. This merger will facilitate the combined entity’s transition to the main market of the London Stock Exchange.

Jonathan Bixby, Founder and CEO, emphasised the significance of this milestone: “We are delighted to complete the reverse takeover and re-list on the LSE. The AI technology market has experienced massive growth over the last few years. A senior London stock market listing elevates our profile, enhances our credibility, and expands our access to global capital, all of which are essential for driving our future growth.”

Application has been made to the Aquis Stock Exchange for the cancellation of trading of the Cykel shares on the Aquis Stock Exchange Growth Market to take effect at 8.00 a.m. on 27 June 2024, when share certificates in respect of Cykel Shares will cease to be valid and entitlements to Cykel Shares held within the CREST system will be cancelled.

Applications …