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The latest update is out from Electric Guitar PLC ( (GB:ELEG) ).
Electric Guitar PLC has announced a non-binding agreement to acquire Dunbar Energy Inc., a U.S.-based company specializing in powering digital infrastructure through a reverse takeover. Dunbar aims to transform coal mine methane and stranded gas into power for data centers, supporting crypto infrastructure and generating carbon credits. The acquisition will be completed through the issuance of new shares, subject to due diligence and shareholder approval. This strategic move positions Electric Guitar PLC to expand its energy asset portfolio in key U.S. regions, enhancing its capabilities in the energy transition market.
More about Electric Guitar PLC
Electric Guitar PLC operates in the energy sector, focusing on innovative solutions for digital infrastructure. The company is involved in the development of energy assets to support AI and crypto infrastructure, with a market focus on converting methane and stranded gas into power for data centers and generating carbon credits.
Average Trading Volume: 28,309,439
Technical Sentiment Signal: Sell
For a thorough assessment of ELEG stock, go to TipRanks’ Stock Analysis page.