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TortoiseEcofin III Ends One Energy Deal and Plans Share Redemption
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TortoiseEcofin III Ends One Energy Deal and Plans Share Redemption

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TortoiseEcofin Corp III (TRTLF) has shared an announcement.

TortoiseEcofin Acquisition Corp. III has terminated its Business Combination Agreement with One Energy Enterprises Inc. as per the newly signed Settlement Agreement, which includes indemnities and a mutual release of claims. The company also plans to dissolve its trust account and redeem all outstanding Class A ordinary shares, providing shareholders with a pro rata amount of the account’s principal and interest by September 6, 2024. The shares will consequently be canceled and only represent the right to receive this Redemption Amount.

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