PACIFIC GREEN TECHNOLOGIES INC. : Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

ITEM 1.01 Entry Into A Material Definitive Agreement

On December 20, 2022 Pacific Green Technologies Inc. ("Pacific Green", "we", "us", "our", the "Company") announced that we entered into a Share Purchase Agreement for 100% of the shares of Sheaf Energy Limited ("Sheaf Energy") for £7.5 million (approximately US$9.15 million).

Sheaf Energy is a battery energy storage park under development and located next to the Richborough Energy Park in Kent, England. When completed, it is estimated to be a 249MW / 373.5 MWh battery energy storage system.

ITEM 2.01 Completion of Acquisition or Disposition of Assets

The applicable information set forth in Item 1.01 of this 8-K is incorporated by reference in this Item 2.01.

Financial statements are not included in this 8-K because the Company has determined, in accordance with the guidance set forth in Regulation S-X Rule 11-01(d), that the Share Purchase Agreement does not involve the acquisition of a business.

ITEM 7.01 Regulation FD Disclosure.

On December 20, 2022 the Company issued a news releases regarding the acquisition of Sheaf Energy Limited and the expansion of its battery energy storage system portfolio.

Item 9.01 Financial Statements and Exhibits

99.1        News Release dated December 20, 2022
104       Cover Page Interactive Data File (embedded within the Inline XBRL document)




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