i(x) Net Zero PLC SLI -- Business Update
04 Outubro 2023 - 3:00AM
RNS Non-Regulatory
TIDMIX.
i(x) Net Zero PLC
04 October 2023
REACH
04 October 2023
i(x) Net Zero PLC
("i(x) Net Zero" or the "Company")
Sustainable Living Innnovations - Business Update
i(x) Net Zero PLC (AIM: IX.), the investing company which
focuses on the Energy Transition, announces that, further to the
announcement on 10 March 2023, its portfolio company Sustainable
Living Innovations, Inc. ("SLI"), will no longer consummate an
initial business combination with Churchill Capital Corp V. The
previously disclosed non-binding letter of intent between the two
parties has been terminated in accordance with its terms. SLI will
pursue alternative options that can support its plans to address
sustainable housing affordability.
i(x) Net Zero has an indirect 0.1% interest in SLI which is held
though MultiGreen SLI Partners, LP and and a $150,000 Unsecured
Convertible Promissory Note. As of 30 June 2023, i(x) Net Zero
carried its investment in SLI at a NAV of $0.77m, which when
combined with the promissory note, represents 0.6% of Company
NAV.
- Ends -
For further information visit https://ixnetzero.com/ or contact:
i(x) Net Zero Via Buchanan below
Pär Lindström - Chief Executive
Officer
Canaccord Genuity Limited
Nominated Adviser & Broker +44 20 7523 8000
Max Hartley
Harry Pardoe
Buchanan
Helen Tarbet +44 7872 604 453
Simon Compton +44 7979 497 324
Notes to Editors
About i(x) Net Zero PLC
i(x) Net Zero PLC is an AIM quoted investing company that seeks
to provides its shareholders with the opportunity to create long-
term capital growth with positive, scalable, measurable and
sustainable impact on the environment and on the communities it
serves.
In accordance with its belief that the world's biggest problems
are also the biggest market opportunities, i(x) Net Zero focuses on
two critical areas in which it aims to make a positive impact: (i)
Energy Transition and (ii) Sustainability in the Built
Environment.
The Company uses a multi-strategy investment approach, providing
the companies in which it invests with the expertise and catalytic
capital to help them grow. To date, i(x) Net Zero has invested in
biofuels, direct air capture (carbon removal), renewable energy,
sustainable workforce housing and net zero construction technology
.
i(x) Net Zero is a signatory to the UN Principles for
Responsible Investing.
The Company has received the London Stock Exchange's Green
Economy Mark.
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END
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