EO Charging and First Reserve Sustainable Growth Corp. Mutually Agree to Terminate Business Combination Agreement
Juuce Limited, which does business as EO Charging, a leading UK-based provider of technology-enabled turnkey solutions for electric vehicle (“EV”) fleets, and First Reserve Sustainable Growth Corp. (NASDAQ: FRSG), today announced that the companies have mutually agreed to terminate their previously announced agreement and plan of merger effective immediately.
Both parties decided to terminate the Business Combination Agreement as a result of unfavourable market conditions.
First Reserve Sustainable Growth Corp. intends to continue to pursue the consummation of a business combination with an appropriate target.