PKF supports Mustang Energy on Cykel AI acquisition

PKF Littlejohn has recently supported Mustang Energy Plc on its acquisition of Cykel AI Plc and its readmission to the Main Market of the London Stock Exchange. 

The acquisition constitutes a reverse takeover and the group has issued 400,345,563 new ordinary shares at a price of £0.01 each upon readmission. 

Cykel AI Plc is an AI automation platform that seeks to automate company workflows across operations, sales, marketing and more. 

PKF acted as reporting accountant on the transaction and the Transaction Services team included Joseph Baulf and Jack Devlin. 

Dean L Gallegos, managing director of Mustang Energy Plc, said: “We were highly impressed with the PKF Littlejohn team for their work as the reporting accountant on the prospectus used for our takeover of Cykel AI Plc. 

“Their significant expertise and dedicated support were crucial in achieving a successful transaction and we valued their contribution.”