Codex Acquisitions plc (LSE:CODX) entered into non-binding heads of terms to acquire an unknown stake in Technologies New Energy S.A. on December 19, 2023. The transaction is subject to various conditions, including the completion of appropriate legal, financial and other due diligence, entry into an Sale Purchase Agreement. The HOTs include a long stop date for the entering into legally binding definitive share purchase agreement ("SPA") of 29 March 2024 (which may be varied by mutual agreement of the parties in writing) and the Proposed Acquisition will complete, in 2024.