ESGL Extends Merger Agreement with De Tomaso to Oct 31, 2025.

ESGL Holdings Limited, a sustainability-focused holding company, has extended the merger agreement with De Tomaso Automobili to a revised long stop date of October 31, 2025. The merger is in the later stages of Nasdaq review, with closing anticipated to occur after approval. The business combination aims to deliver long-term shareholder value and represents a unique opportunity for both parties.

ESGL Holdings Limited, a sustainability-focused holding company listed on NASDAQ, has extended the merger agreement with De Tomaso Automobili to a revised long stop date of October 31, 2025. The extension underscores the continued commitment of both parties to completing the proposed business combination. The merger is currently in the later stages of Nasdaq review, with the closing anticipated to occur promptly following Nasdaq approval [1].

The merger is seen as a transformative opportunity to deliver long-term shareholder value. Quek Leng Chuang, Chief Executive Officer of ESGL, stated, “We remain fully aligned with De Tomaso and are jointly committed to closing this transformative merger. This business combination represents a unique opportunity to deliver long-term shareholder value” [1].

De Tomaso Automobili, a heritage ultra-luxury performance automobile brand, was founded in 1959 by Alejandro de Tomaso. The brand is known for iconic models such as the Pantera, Mangusta, and Vallelunga. Revived in recent years under new ownership, De Tomaso is committed to artisanal, coachbuilt manufacturing and producing limited-run vehicles that blend classic design with modern performance [2].

ESGL Holdings Limited, based in Singapore, is a carbon-neutral enviro-tech company dedicated to transforming industrial waste into circular products. With a commitment to sustainable waste management solutions, ESGL is a leading player in the environmental solutions industry [2].

The extended term of the merger agreement reflects the intent of both parties to proceed to closing and unlock new growth opportunities as a combined entity. Norman Choi, Chief Executive Officer of De Tomaso Automobili, noted, “De Tomaso stands behind our partnership with ESGL. This extension reflects our mutual commitment to complete the merger and build a strong, value-driven public company together” [1].

Investors are encouraged to review the forward-looking statements and risks associated with this merger in documents filed with the Securities and Exchange Commission (SEC) by ESGL and other documents that may be filed or furnished with the SEC [1].

References:
[1] https://www.globenewswire.com/news-release/2025/09/08/3146150/0/en/ESGL-and-De-Tomaso-Extend-Term-of-Merger-Agreement-Reaffirming-Commitment-to-Business-Combination.html
[2] https://markets.financialcontent.com/wral/article/gnwcq-2025-9-8-esgl-and-de-tomaso-extend-term-of-merger-agreement-reaffirming-commitment-to-business-combination