12:24 PM EDT, 06/17/2025 (MT Newswires) -- Nu E Power ( NUEPF ) on Tuesday said it entered into an amended and restated share purchase agreement with the principal shareholder of solar-installer Blu Dot Systems and its concurrent offer to purchase the company in an all-share offer.

Under the amended agreement, Nu E will issue an aggregate 29.5-million Nu E shares in connection with the acquisition to be allocated pro rata based on each Blu Dot shareholder's proportionate interest in Blu Dot.

The acquisition is expected to close on or about July 15, and is subject to a number of closing conditions including Blu Dot having a positive working capital balance of $500,000.

The company's shares were last seen down $0.025 to $0.13 on the Canadian Securities Exchange.

Price: 0.13, Change: -0.03, Percent Change: -16.13