# Heramba Electric to list on Nasdaq via SPAC merger with PERAC

Heramba Electric and Project Energy Reimagined Acquisition Corp. (PERAC) announced a definitive business combination agreement. The combined company is expected to list on Nasdaq in Q1 2024 with a pro forma implied enterprise value of approximately $450 million.

- Type: Partnership
- Announced: 2023-10-03
- Where: United States
- Value: $450.0M
- Status: announced
- Products: sustainable urban transportation solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Heramba Electric](https://endata.com/companies/73016.md)
- [Project Energy Reimagined Acquisition Corp.](https://endata.com/companies/73017.md) (partner)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1847241/000101376223000747/ea186174ex99-1_project.htm), 2023-10-03: "Heramba GmbH and Project Energy Reimagined Acquisition Corp. today announced that they have entered into a definitive agreement."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.