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MAHA Energy: Several upcoming catalysts - Penser

Waiting for the close of DBO On February 28 the sale of the Brazilian entities for consideration of c. USD 159mn to be paid in two instalments (c. USD 96m at closing and c. USD 55mn in six months) closed. In February 2023 a business combination with DBO 2.0 (DBO) was signed and in March an EGM approved the acquisition. Now that Q1 is behind them we would expect closure – the company is not allowed to issue new shares in the month before the earnings are to be released.

Waiting for the close of DBO On February 28 the sale of the Brazilian entities for consideration of c. USD 159mn to be paid in two instalments (c. USD 96m at closing and c. USD 55mn in six months) closed. In February 2023 a business combination with DBO 2.0 (DBO) was signed and in March an EGM approved the acquisition. Now that Q1 is behind them we would expect closure – the company is not allowed to issue new shares in the month before the earnings are to be released.
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