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i(x) Net Zero PLC - investor in energy transition - New York-listed acquisition vehicle Enphys Acquisition Corp, in which i(x) Net Zero has an indirect 30% stake, signs a non-binding letter of intent to buy ‘a leading and well-established advanced biofuels company in Latin America’. i(X) Net Zero notes there is no certainty that a definitive takeover agreement will be reached. In the meantime, Enphys files with the US Securities & Exchange Commission to extend the time it has to make an initial acquisition to July 8, 2024 from October 8 this year. This also requires approval by Enphys shareholders.
Current i(x) Net Zero stock price: 27.00 pence, down 3.6% in London on Friday
12-month change: up 17%
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