Mustang Energy to acquire Cykel for £19m.

Mustang Energy, a special purpose acquisition company, agreed to acquire Cykel, a company that intends to grow quickly through the operation of a software business engaged in the development of advanced artificial intelligence products, for £19m ($24m). "The Acquisition presents an exciting opportunity for Mustang shareholders to engage in the burgeoning growth of a dynamic, young company. Cykel's innovative AI-Powered Task Operating System stands poised to revolutionise organisational efficiency, automating repetitive tasks and furnishing invaluable data-driven insights for strategic decision-making. We firmly believe this Acquisition aligns with our strategic objectives and offers compelling financial prospects for our shareholders," Alan Broome, Mustang Chairman.