KME SE, The Paragon Fund III Gmbh & Co. Geschlossene Investment Kg and Magnet Joint Venture GmbH entered into a letter of intent to acquire SDCL EDGE Acquisition Corporation in a reverse merger transaction.

KME SE, The Paragon Fund III Gmbh & Co. Geschlossene Investment Kg and Magnet Joint Venture GmbH entered into a letter of intent to acquire SDCL EDGE Acquisition Corporation (NYSE:SEDA) in a reverse merger transaction on August 21, 2023. Under the terms of the LOI, KME is expected to hold a majority stake in the post-Business Combination entity whose share capital will be listed on the New York Stock Exchange.

The transaction is subject to the completion of due diligence, the negotiation of definitive agreements, satisfaction of the conditions negotiated therein, approval of the transaction by the board and shareholders of KME SE, The Paragon Fund III Gmbh & Co. Geschlossene Investment Kg and Magnet Joint Venture GmbH and SDCL EDGE Acquisition Corporation, as well as regulatory approvals. On February 20, 2023, KME SE, The Paragon Fund III Gmbh & Co.

Geschlossene Investment Kg, Magnet Joint Venture GmbH and Creature Kingdom Limited entered into a business combination agreement to acquire SDCL EDGE Acquisition Corporation (NYSE:SEDA).