Agilitee set to complete reverse merger with U.S. firm in April

NAIROBI, Kenya, Mar 27 – Electric mobility and renewable energy firm Agilitee is set to complete a reverse merger with a U.S.-listed company on April 13, 2026, in a move aimed at expanding its global footprint.

The transaction will see all of Agilitee’s issued shares acquired through a share swap, resulting in the formation of a new U.S.-domiciled entity, Agilitee Inc., which will trade in U.S. dollars.

Upon completion, both the current South African entity and the U.S. firm will cease to exist, with the merged company becoming the surviving entity. The firm also plans to pursue an uplisting and a secondary listing on the Johannesburg Stock Exchange.

A new board will be appointed after the merger to oversee the transition, including the recruitment of a new executive team.

The company has been expanding its electric mobility operations across Africa, particularly in electric two-wheelers used in the food delivery sector, while also pursuing renewable energy projects in several countries.