Fuse Battery Metals Inc. has terminated its planned reverse takeover and subscription receipt financing deal with Pointor AI after failing to complete the financing within the required timeframe. The termination agreement, effective August 10, 2026, releases both parties from their obligations under the previous agreement. Fuse Battery plans to continue exploring growth through strategic acquisitions and may seek alternative financing options. Additionally, director Andrew Gertler has resigned from the company.
Fuse Battery's termination of its planned reverse takeover and financing deal comes as a backdrop to a broadly positive market for basic materials stocks on Pluang. For readers following basic materials, here is Pluang's market snapshot as of Sep 23, 2026 01:41 WIB: out of 38 priced US stocks, 33 rose and 5 fell. Notable movers include FCX at USD 74.32 with a 3.04% increase and a typical hold time of 69 days, APD at USD 287.82 up 2.99%, and WMS at USD 130.49 rising 2.85% with 100% sell order activity.
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