Loop Energy Explores New Business Opportunities Amidst Amalgamation Agreement

Loop Energy Inc., a Vancouver-based leader in hydrogen fuel technology, has announced its eligibility to solicit and entertain offers from new counterparties regarding its Amalgamation Agreement details. This development comes after H2 Portable Power Corp. (H2P) waived all conditions restricting Loop from considering alternative bids. The original agreement, involving H2P and 1465123 B.C. Ltd., was executed on February 9, 2024.

Despite this flexibility in the negotiation process, there remains uncertainty as no amendments to finalize the deal with H2P have been made, and the closure date looms on April 30, 2024. Loop Energy highlights the ongoing uncertainty in achieving the completion of this or similar transactions by the designated outside date.