Solmate Infrastructure rises after announcing term sheet to buy RockawayX
04/12/2025 19:17
** Ireland-based holding company Solmate Infrastructure's shares SLMT.O rise 7.2% to $2.53 after co announces term sheet to acquire RockawayX in an all-stock deal ** Solmate to buy RockawayX for initial consideration of 25 mln Class B ordinary shares of co ** SLMT to acquire RockawayX for contingent equity earn-out consideration of up to about 62 mln additional Class B ordinary shares on some conditions ** Marco Santori continues as Solmate CEO, co says ** Co expects any definitive agreement for transaction to be executed in early 2026 and close in first half of 2026 ** Including sessions moves, stock had fallen 69.26% YTD (Reporting by Megha Anilkumar Nair) ((MeghaAnilkumar.Nair@thomsonreuters.com;))