PipeHawk says due date for Utsi disposal extended through June.
PipeHawk said on Friday that the long-stop date for the proposed disposal of Utsi Electronics had been extended to 30 June.
Pipehawk
01 May 2026 13:51:00
Source: Sharecast
The AIM-listed company said the extension was intended to allow, among other matters, satisfaction of provisions under the National Security and Investment Act 2021.
PipeHawk first announced the revised long-stop arrangements for completion of the proposed disposal of the entire issued share capital of Utsi Electronics on 2 March.
The company said there could be no certainty over the timing of completion of the disposal, or whether the National Security and Investment Act condition would be satisfied.
PipeHawk said a further update would be provided in due course.
At 0834 BST, shares in PipeHawk were up 16.36% at 3.2p.
Reporting by Josh White for Sharecast.com.
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