VANCOUVER, British Columbia, Dec. 03, 2020 (GLOBE NEWSWIRE) — Clear Energy Capital Corp. (CSE: MOVE)(FWB: 2K6)(OTC: MOTNF) (“Clear Energy” or the “Company” or “MOVE“). The Firm is happy to announce that the Board of the Firm has shaped a strategic committee (the “Strategic Committee”) to overview and develop a method to boost its investor profile by launching a brand new capital markets technique targeted on the USA. As a part of the technique, the Strategic Committee will contemplate an software to record its widespread shares on the NASDAQ Capital Market (“NASDAQ”).
The acceptance of the applying to record the Firm’s widespread shares on NASDAQ will likely be topic to a variety of regulatory and itemizing necessities, together with with out limitation: retaining the required variety of market makers for the Firm’s widespread shares; partaking a sponsor for the Firm’s widespread shares; the submitting of the relevant registration assertion with the U.S. Securities and Alternate Fee to develop into a reporting firm underneath the U.S. Securities Act; and the overview of the Firm and acceptance for itemizing by NASDAQ. The Firm may also search a monetary advisor to evaluate the viability of a possible up-listing to NASDAQ. There may be no assurance that NASDAQ acceptance will likely be granted ought to the Firm submit its itemizing software.
Administration of MOVE believes up-listing to NASDAQ will:
- present extra alternatives to draw institutional and retail traders, permitting the Firm to broaden its investor base in the USA and internationally;
- improve the visibility of the Firm, its development technique, accomplishments and outcomes to this point;
- improve liquidity of the Firm’s widespread shares; and
- increase the Firm’s total profile and in the end improve shareholder value.
Joel Dumaresq, CEO of the MOVE said, “We continue to see strong interest from investors both in the U.S. and internationally. An up-listing to the NASDAQ has been on our radar as one of the many strategies to execute as part of our capital markets strategy and in accordance with the Company’s Investment Policy with the paramount goal of the Company to generate maximum returns from its investments. Given that a NASDAQ listing is a natural next step for the Company.”
The itemizing of the Firm’s widespread shares on the NASDAQ stays topic to the approval of the NASDAQ and the satisfaction of all relevant itemizing and regulatory necessities. The Firm will proceed to keep up the itemizing of its widespread shares on the Canadian Securities Alternate underneath the image “MOVE”. The Firm will present updates on its progress because it strikes towards this objective.
There’s at present no timeline for completion of the overview of our capital markets technique, and there’s no assurance that these efforts will likely be profitable or that the overview course of will consequence within the itemizing of the Firm’s widespread shares on NASDAQ.
The Firm accomplished an funding in PowerTap on October 27, 2020 (see the Firm’s information launch on October 28, 2020). PowerTap is main the cost to construct out cost-effective hydrogen fueling infrastructure by way of its environmentally pleasant mental property, product design for the modularized and lowest tier manufacturing value of hydrogen, and launch plan. PowerTap technology-based hydrogen fueling stations are positioned in non-public enterprises and public stations (close to LAX airport) in California, Texas, Massachusetts, and Maryland. Extra details about PowerTap may be discovered at its web site at http://www.powertapfuels.com
ABOUT CLEAN POWER CAPITAL CORP.
Clear Energy is an funding firm, that makes a speciality of investing into non-public and public firms opportunistically that may be engaged in quite a lot of industries, with a present focus within the well being and renewable vitality industries. Specifically, the funding mandate is concentrated on excessive return funding alternatives, the power to realize an affordable price of capital appreciation and to hunt liquidity in our investments. A replica of Clear Energy’s amended and restated funding coverage may be discovered underneath the Firm’s profile at www.sedar.com.
ON BEHALF OF THE CLEAN POWER CAPITAL CORP. BOARD OF DIRECTORS
Joel Dumaresq, CEO
+1 (604) 687-2038
Study extra about Clear Energy by visiting our web site at: https://cleanpower.capital/
Discover Relating to Ahead Trying Data:
This press launch incorporates “forward-looking data” and “forward-looking statements” (collectively, “forward-looking statements”) inside the which means of relevant Canadian and United States securities legal guidelines. Ahead-looking statements are sometimes, however not at all times, recognized by way of phrases equivalent to “search”, “anticipate”, “imagine”, “plan”, “estimate”, “count on”, “possible” and “intend” and statements that an occasion or consequence “may”, “will”, “ought to”, “may” or “may” happen or be achieved and different related expressions. Ahead-looking data on this press launch consists of statements regarding the Firm’s consideration of making use of to record its widespread shares on NASDAQ, the Firm’s potential to extend its liquidity and capital markets publicity if the NASDAQ itemizing software is submitted and is profitable, the Firm receiving all required approvals in respect of a possible NASDAQ itemizing software and the graduation of buying and selling of the Firm’s Widespread Shares on the NASDAQ ought to an inventory software be submitted and accepted, the deliberate registration of the Firm’s widespread shares with the U.S. Securities and Alternate Fee (the “SEC”), the timing of the SEC’s overview of the proposed software and any delays, together with however not restricted to delays associated to COVID-19, and the Firm’s strategic plans.
Though the Firm believes that the fabric elements, expectations and assumptions expressed in such forward-looking statements are affordable based mostly on data accessible to it on the date such statements had been made, no assurances may be given as to future outcomes, ranges of exercise and achievements and such statements usually are not ensures of future efficiency.
The forward-looking data contained on this launch is expressly certified by the foregoing cautionary statements and is made as of the date of this launch. Besides as may be required by relevant securities legal guidelines, the Firm doesn’t undertake any obligation to publicly replace or revise any forward-looking data to replicate occasions or circumstances after the date of this launch or to replicate the prevalence of unanticipated occasions, whether or not on account of new data, future occasions or outcomes, or in any other case.
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