CN Energy Group. Inc. Announces Planned Acquisition of Blessing Logistics Ltd.
CN Energy Group Inc. - Ordinary Shares (CNEY)
Company Research
Source: PR Newswire
LISHUI, China, Feb. 23, 2026 /PRNewswire/ -- CN Energy Group. Inc. (NASDAQ: CNEY, "CNEY" or the "Company") today announced that it has entered into a Share Purchase Agreement to acquire 100% of the outstanding shares of Blessing Logistics Ltd. ("Blessing Logistics"), an oil trading company incorporated in Alberta.Under the terms of the agreement, the total purchase consideration is USD $2.0 million, expected to be satisfied through the issuance of Class A Ordinary Shares of CNEY. The number of shares to be issued will be determined based on the volume-weighted average price of CNEY's Class A Ordinary Shares for the five consecutive trading days immediately preceding the closing date, subject to adjustment as provided in the agreement.The closing of the transaction is subject to customary closing conditions and is expected to occur on or before March 31, 2026.Founded in 2015, Blessing Logistics is a registered oil company with the Alberta Energy Regulator (AER) and holds Canadian crude
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CNEY
News
- CNEY Regains Compliance with Nasdaq Minimum Bid Price Requirement [Yahoo! Finance]Yahoo! Finance
- CN Energy regains Nasdaq minimum bid price compliance [Seeking Alpha]Seeking Alpha
- CNEY Regains Compliance with Nasdaq Minimum Bid Price RequirementPR Newswire
- CN Energy Group. Inc. Announces Planned Acquisition of Blessing Logistics Ltd. [Yahoo! Finance]Yahoo! Finance
- CN Energy Subsidiary Pathenbot Signs Automation Product Order with New York Logistics EnterprisePR Newswire
CNEY
Sec Filings
- 2/24/26 - Form 6-K
- 1/30/26 - Form 20-F
- 1/23/26 - Form 6-K
- CNEY's page on the SEC website