ASP Isotopes Scheme of Arrangement Update

By Bobby Samwell • Sunday, November 30 15:24 • Permanent Link

Renergen Limited and ASP Isotopes Inc. have provided an update on the progress of the Scheme of Arrangement, outlining the extension of outstanding offer conditions fulfillment and loan repayment date. Key milestone transaction approvals have already been received, including the approval from the Competition Commission, paving the way for the companies to plan integration processes and begin collaborating.

As a significant development, the written consent to the transfer of Renergen Shares in terms of the Offer has been obtained from the Industrial Development Corporation of South Africa and the United States International Development Finance Corporation, resulting in the fulfillment of the relevant Offer Condition.

The parties have agreed to extend the deadline for the fulfillment of the remaining Conditions proactively to 30 January 2026, with both Renergen and ASP Isotopes remaining fully engaged in working together to obtain the required approvals as quickly as possible.

In terms of the ASP Isotopes Funding Arrangements, the date for Renergen’s repayment of the funding advanced to it has been extended by agreement between the parties, in terms of the Loan Agreement, also to 30 January 2026.

The Independent Board of Renergen and the board of directors of ASP Isotopes have accepted responsibility for the information contained in the announcement and have confirmed the accuracy and completeness of the information.

The announcement also notes that unless expressly defined otherwise, capitalised terms appearing above have the same meaning given to them in the combined circular distributed to Renergen Shareholders on 12 June 2025 (“Circular”).

These developments mark a significant progression in the ongoing collaboration and integration efforts between Renergen Limited and ASP Isotopes Inc., with both parties working towards fulfilling the remaining conditions and extending the loan repayment date. Following these announcements, the company's shares moved 5.07%, and are now trading at a price of $6.22. For more information, read the company's full 8-K submission here.

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