Australian-based LINE Hydrogen has announced it is set to be listed on the London Stock Exchange (LSE) by September 2023.
The company has signed a Letter of Intent (LoI) with Net Zero Infrastructure (NZI) a Special Purpose Acquisition Company (SPAC) listed on the LSE for a reverse takeover between the two companies for an undisclosed amount.
The acquisition will bring together LINE Hydrogen’s expertise and vision with the benefits from a listed LSE company in the hydrogen energy sector, allowing the company to capitalise on the increasing demand for sustainable energy solutions.
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