PipeHawk (AIM:PIP) shares rose 16.4% to 3.2p after the group extended the long-stop date for the proposed disposal of Utsi Electronics to 30 June to allow satisfaction of the National Security and Investment Act 2021 condition.
The extension follows the group's 2 March announcement on the disposal and reflects the need to meet the NSI Act Condition before completion.
Pipehawk said it will provide a further update in due course.
