Alpha Lithium Corporation (OTC:APHLF) Stock in Focus After the Privatization of Alpha Lithium

Following the major new development about Alpha Lithium Corporation (OTC:APHLF) on Tuesday, it may well be the right time for investors to get a more in-depth look into it. The company announced yesterday that its privatization had been completed by the firm Tecpetrol Investments SL.

Following the completion of the transaction, Alpha Lithium became a fully owned subsidiary unit of Tecpetrol. The privatization process was completed after the merger of Alpha Lithium and 1446978 BC Ltd, a fully and directly owned subsidiary of TechEnergy Lithium Canada Ltd, and an indirectly owned subsidiary unit of Tecpetrol.

The business combination had been completed as per the provisions laid down in the Business Corporations Act of British Columbia. The merger mentioned above constituted the following acquisition transaction, in which all issued as well as outstanding shares in Alpha Lithium were acquired by the purchaser. The shares were picked up for the offer price of C$1.48 each in cash. The offer price expired on October 31, 2023.

On Tuesday, it was also announced that there was expectation that the shares of Alpha Lithium were going to be delisted from the NEO Exchange at the end of the business day on December 20, 2023. Additionally, the company would also make an appropriate filing in order to cease to be a reporting issuer governed by the relevant securities laws.

Investors need to know that the Energy Transportation Unit of Tecpetrol is the dedicated business of Techint Group and focused on taking forward its standing in the worldwide energy transition space. It seeks to do so through investments in decarbonized sources of energy as well as the carriers of the same and related technologies. In light of the latest developments, it would be interesting to see if there is elevated interest in Alpha Lithium Corp. stock this morning.