Still on the launch pad
Electric Guitar PLC is keeping its proposed reverse takeover of US energy and digital infrastructure company Dunbar Energy Inc. on the table, but the deal hasn’t exactly been moving at rocket speed. The company says detailed talks have dragged on since the agreement in principle reached on July 18, 2025, delaying due diligence and the final legal docs.
Why you should care
This isn’t just a corporate housekeeping update. The shares are still suspended from trading on AIM, which means investors are stuck in limbo until a stack of approvals clears — including shareholder approval, an AIM Admission Document, and the Takeover Panel waiver under Rule 9 of the Takeover Code.
The actual business angle
Dunbar is pitching a pretty buzzy combo platter: on-site electricity generation plus modular compute facilities for high-performance computing. Translation: power and infrastructure for compute-hungry customers, which could make the target more interesting than your average shell-game reverse merger.
The clock is ticking
The board now expects the RTO to go to shareholders in the first quarter of 2026, but at this point the deal is only as real as the next signature. If the approvals come through, Electric Guitar could get back to trading; if not, investors may be left humming the world’s saddest waiting music.
Big picture: this is the kind of story where the market cares less about the concept and more about whether the deal actually gets over the finish line.