Item 8.01. Other Events.

Project Energy Reimagined Acquisition Corp., a Cayman Islands exempted company (the "Company"), has entered into a non-binding letter of intent, dated as of April 25, 2023, with respect to an initial business combination (a "Business Combination"). As a result, pursuant to the Company's amended and restated memorandum and articles of association (the "Articles"), the Company now has until August 2, 2023 to complete a Business Combination. If the Company is unable to complete a Business Combination by such date (or such later date as may be approved by the Company's shareholders at a meeting called for such purpose at which the Company's shareholders will be given the opportunity to have their public shares redeemed for a pro rata portion of the funds in the Company's trust account), the Company will then liquidate in accordance with the Articles. No assurances can be made that the Company will successfully negotiate and enter into a definitive agreement for a Business Combination or that the Company will be successful in completing a Business Combination.


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