Mergers & Acquisitions ·
On July 14, 2026, GrowHub Limited entered into a merger agreement to acquire EnChem America, Inc., a subsidiary of…
TGHLGrowHub Ltd
On July 14, 2026, GrowHub Limited entered into a merger agreement to acquire EnChem America, Inc., a subsidiary of EnChem Co., Ltd., for an equity value of approximately $400,000,000. GrowHub will issue 142,848,176 Class A ordinary shares, or 85% of its fully-diluted shares, as consideration. The deal is contingent upon SEC effectiveness of a Form F-1 registration statement, NASDAQ listing approval, and the conversion of the majority shareholder's Class B shares to Class A shares on a 1:1 basis. The agreement may be terminated if closing does not occur by December 2, 2026. GrowHub operates in the rechargeable battery industry, focusing on the research, development, and manufacturing of electrolytes and high functionality additives.