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NEW YORK - Emeren Group Ltd (NYSE:SOL), a solar and storage project developer with a market capitalization of $96.48 million, announced Thursday the cancellation of its extraordinary general meeting previously scheduled for October 21, 2025. The company’s stock, currently trading at $1.88, is showing signs of undervaluation according to InvestingPro Fair Value metrics.
The meeting was intended for shareholders to vote on a merger proposal outlined in the Agreement and Plan of Merger dated June 18, 2025, involving the company, Shurya Vitra Ltd., and Emeren Holdings Ltd. With a strong current ratio of 4.24, Emeren maintains robust liquidity to navigate this corporate transition. For detailed merger analysis and additional insights, investors can access comprehensive research through InvestingPro, which offers exclusive financial metrics and expert analysis for over 1,400 US stocks.
According to the company’s statement, the cancellation is due to the additional time needed to make further amendments to filings with the U.S. Securities and Exchange Commission. Emeren plans to announce a new meeting date after finalizing and filing the definitive proxy statement on Schedule 14A and the definitive transaction statement on Schedule 13E-3 related to the merger proposal. Despite the year-to-date decline of 7.39% in stock price, the company maintains a FAIR financial health score according to InvestingPro analysis.
The company had previously indicated on September 2 that the meeting date was subject to postponement depending on the SEC’s review of documents filed that same day.
Emeren stated it will provide notice of the new extraordinary general meeting, including the record date, in accordance with relevant regulations and the company’s memorandum and articles of association.
The announcement comes as part of the ongoing process related to the proposed merger transaction first announced in June. The company’s statement did not specify when the new meeting might be scheduled.
This information is based on a press release issued by Emeren Group.
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