Atlantica Sustainable Infrastructure plc (NASDAQ: AY) has announced that its acquisition by Energy Capital Partners and co-investors is set to close on December 12, 2024. This follows the receipt of all necessary regulatory approvals by October 25, including clearance from the Committee on Foreign Investment in the United States and the Federal Energy Regulatory Commission.

To facilitate an orderly closing, a hearing at the High Court of Justice in England and Wales is scheduled for December 10, 2024. Following this, the transaction will be finalized two business days later. In conjunction with the closing, Atlantica plans to declare a final cash dividend of up to $0.2225 per share, pending approval from its board of directors. Details regarding this dividend, including the record date, will be announced alongside the company’s third-quarter results on November 14, 2024.

For more comprehensive information about the transaction, Atlantica has referenced its Reports of Foreign Private Issuer on Form 6-K filed earlier in 2024. These documents contain detailed agreements and terms related to the acquisition.

The press release also includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements encompass expectations and plans regarding the transaction, including potential risks and uncertainties that could affect its completion.

Key risks highlighted include the ability of both Atlantica and the acquiring entity to finalize the transaction as planned, potential disruptions to business operations, and the possibility of shareholder litigation. Additionally, there are concerns about the financial implications and the ability to fund the transaction, as well as the impact on future business opportunities and regulatory compliance.

Overall, while the acquisition is on track, various factors could influence its successful completion and the future performance of Atlantica post-transaction.