In Florida, H2B2 Electrolysis Technologies, a global green hydrogen platform that provides integrated solutions across the hydrogen value chain, and RMG Acquisition Corp. III, a publicly-traded special purpose acquisition company, announced that they have entered into a definitive agreement to take H2B2 public via a business combination.
Under the terms of the proposed transaction, H2B2’s stockholders will roll 100% of their equity holdings into the combined public company.
Anselmo Andrade, CEO of H2B2, said: “With the operations that we have underway, we are seeking to strengthen not only the international business that we are currently developing, but our operational capacity worldwide. The business and technological development of H2B2 will be bolstered as a result of this transaction with RMG III, thus making the energy vector of hydrogen key to decarbonization.”
Upon the closing of the proposed transaction, the surviving corporation will be named “H2B2 Electrolysis Technologies, Inc.”, and its shares of common stock of the surviving corporation are expected to be listed on the Nasdaq capital market.
More on the story.
