Project Energy Reimagined Acquisition in an 8-K said it has signed a non-binding letter of intent for a business combination with an unnamed company.
With an LOI in hand, the SPAC now has until Aug. 2 to complete a deal.
The SPAC raised $250 million in an October 2021 IPO to focus its search on high-potential ESG targets within the advanced renewable energy “Grid 2.0” value-chain. Read more.
