ESGL and De Tomaso Extend Term of Merger Agreement, Reaffirming Commitment to Business Combination

Core Viewpoint - ESGL Holdings Limited has extended the merger agreement with De Tomaso Automobili, indicating a strong commitment from both parties to complete the business combination by the new long stop date of October 31, 2025 [1][3]. Group 1: Merger Agreement Details - The merger is in the later stages of Nasdaq review, with closing expected to occur promptly after Nasdaq approval [3]. - Both ESGL and De Tomaso express mutual commitment to the merger, viewing it as a transformative opportunity for long-term shareholder value [3]. - The extension of the merger agreement reflects the intent to unlock new growth opportunities as a combined entity [3]. Group 2: Company Backgrounds - De Tomaso Automobili, founded in 1959, is known for luxury sports cars and aims to produce limited-run vehicles that combine classic design with modern performance [4]. - ESGL Holdings Limited is a Singapore-based company focused on carbon-neutral solutions, transforming industrial waste into circular products and leading in the environmental solutions industry [5].