EnergyPathways Ltd signed a basic agreement to acquire Dial Square Investments Plc in a reverse merger transaction for £2 million on March 10, 2023. Pursuant to the Transaction, it is proposed that the issued and to be issued shares of EnergyPathways be acquired for an aggregate consideration of £4.1 to be satisfied by the issue of 68,013,885 ordinary shares in the capital of the Dial Square Investments to the vendors of EnergyPathways at an issue price of 6 pence per ordinary share of the Dial Square Investments. The Transaction remains subject to various conditions, including full due diligence to the Dial Square Investments satisfaction and Re-admission. As of December 15, 2023, Dial Square Investments announced Cancellation and Admission will take place simultaneously and this is expected on December 20, 2023. James Channo of RPC acted as legal advisor tand Cairn Financial Advisers LLP acted as Financial advisor to EnergyPathways. Sam Hudson and James Paton-Philip of Hill Dickinson has recently acted as legal advisor to Dial Square Investments. DMH Stallard LLP have advised Cairn Financial Advisers LLP, as well as Optiva Securities Limited and Global Investment Strategy UK Limited.

EnergyPathways Ltd completed the acquisition of Dial Square Investments Plc in a reverse merger transaction on December 20, 2023. Dial Square Investments plc has changed its name to EnergyPathways plc, The name change took effect on December 22, 2023.