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LONDON - Pineapple Power Corporation PLC, a special purpose acquisition company, has notified stakeholders of a postponement in releasing its audited financial statements for the year ending December 31, 2024. The company was scheduled to publish its annual report by today, April 30, 2025, as per listing regulations. However, Pineapple Power is still finalizing the audit with its auditors, PKF Littlejohn LLP, and aims to disclose the audited results promptly.
The delay follows the suspension of the company’s share listing, which has been in effect since the announcement of a prospective reverse takeover deal on December 23, 2024. The suspension will continue beyond the publication of the financial statements, pending further updates on the proposed acquisition, the issuance of a prospectus, or news of the acquisition’s discontinuation. Any reinstatement of the company’s listing will require the Financial Conduct Authority’s approval.
Currently, the company is unable to provide a specific timeline for the release of the financial results or the next steps regarding the reverse takeover transaction. The suspension of trading and the delay in financial reporting are significant events for shareholders and potential investors, as they impact the transparency and liquidity of the company’s shares.
The information disclosed in this article is based on a press release statement, which is now publicly available following the company’s regulatory obligation to report such delays. Pineapple Power Corporation PLC’s management and advisors are expected to address this matter and provide updates to the market in due course.
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