GSE Solutions and Pelican Energy Partners Announce Amendment to Merger Agreement Providing for Increase in Merger Consideration to $4.60 Per Share

Merger Agreement Update: GSE Solutions has amended its merger agreement with Pelican Energy Partners, increasing the cash consideration from $4.10 to $4.60 per share, representing a 12.2% increase and a 69% premium over the stock's closing price prior to the announcement.

Stockholder Vote Encouragement: The GSE Board of Directors is urging stockholders to vote in favor of the merger, with a special meeting scheduled for October 29, 2024, where they currently hold proxies for nearly 50% of the shares.