---
title: "ESGL Holdings Extends Merger Agreement with De Tomaso"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/256898456.md"
description: "ESGL Holdings has extended its merger agreement with De Tomaso Automobili to October 31, 2025, as they finalize the merger under Nasdaq review. The merger aims to create a strong public company, enhancing growth opportunities. Current analyst ratings for ESGL stock are mixed, with a Hold rating and a $4.00 price target. Spark's AI Analyst rates ESGL as Neutral, citing mixed financial performance and caution due to overbought signals. ESGL Holdings is a Singapore-based carbon-neutral company focused on sustainable waste management solutions."
datetime: "2025-09-11T10:29:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/256898456.md)
  - [en](https://longbridge.com/en/news/256898456.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/256898456.md)
---

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# ESGL Holdings Extends Merger Agreement with De Tomaso

ESGL Holdings ( (ESGL) ) has provided an announcement.

On August 31, 2025, ESGL Holdings Limited and De Tomaso Automobili agreed to extend their merger agreement deadline to October 31, 2025, reaffirming their commitment to the business combination. The merger, which is in the final stages of Nasdaq review, is expected to create a strong, value-driven public company, enhancing growth opportunities for both parties.

The most recent analyst rating on (ESGL) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on ESGL Holdings stock, see the ESGL Stock Forecast page.

**Spark’s Take on ESGL Stock**

According to Spark, TipRanks’ AI Analyst, ESGL is a Neutral.

ESGL’s overall stock score is primarily impacted by its mixed financial performance, with improvements in gross profit margins and leverage management offset by persistent net losses and negative cash flows. The technical analysis shows strong bullish momentum, but caution is advised due to overbought signals. The valuation is weak due to a negative P/E ratio and lack of dividend yield.

To see Spark’s full report on ESGL stock, click here.

**More about ESGL Holdings**

ESGL Holdings Limited is a Singapore-based carbon-neutral enviro-tech company focused on transforming industrial waste into circular products, positioning itself as a leader in the environmental solutions industry. The company operates through its Singapore-incorporated entity, Environmental Solutions (Asia) Pte. Ltd., and is committed to sustainable waste management solutions.

**Average Trading Volume:** 48,697

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $150.5M

For a thorough assessment of ESGL stock, go to TipRanks’ Stock Analysis page.

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