Clean Power Capital Corp. Announces Plans to List on NASDAQ
03 December 2020 - 4:05PM
Clean Power Capital Corp. (CSE:
MOVE)(FWB: 2K6)(OTC:
MOTNF) (“Clean
Power” or the
“Company”
or
"MOVE"). The
Company is pleased to announce that the Board of the Company has
formed a strategic committee (the “Strategic Committee”) to review
and develop a strategy to enhance its investor profile by launching
a new capital markets strategy focused on the United States. As
part of the strategy, the Strategic Committee will consider an
application to list its common shares on the NASDAQ Capital Market
("NASDAQ").
The acceptance of the application to list the
Company’s common shares on NASDAQ will be subject to a number of
regulatory and listing requirements, including without limitation:
retaining the required number of market makers for the Company’s
common shares; engaging a sponsor for the Company’s common shares;
the filing of the applicable registration statement with the U.S.
Securities and Exchange Commission to become a reporting company
under the U.S. Securities Act; and the review of the Company and
acceptance for listing by NASDAQ. The Company will also seek a
financial advisor to assess the viability of a potential up-listing
to NASDAQ. There can be no assurance that NASDAQ acceptance will be
granted should the Company submit its listing application.
Management of MOVE believes up-listing to NASDAQ
will:
- provide additional opportunities to
attract institutional and retail investors, allowing the Company to
broaden its investor base in the United States and
internationally;
- increase the visibility of the
Company, its growth strategy, accomplishments and results to
date;
- increase liquidity of the Company’s
common shares; and
- raise the Company’s overall profile
and ultimately enhance shareholder value.
Joel Dumaresq, CEO of the MOVE stated, “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 listing of the Company's common shares on
the NASDAQ remains subject to the approval of the NASDAQ and the
satisfaction of all applicable listing and regulatory requirements.
The Company will continue to maintain the listing of its common
shares on the Canadian Securities Exchange under the symbol "MOVE".
The Company will provide updates on its progress as it moves toward
this goal.
There is currently no timeline for completion of
the review of our capital markets strategy, and there is no
assurance that these efforts will be successful or that the review
process will result in the listing of the Company’s common shares
on NASDAQ.
About PowerTap
The Company completed an investment in PowerTap
on October 27, 2020 (see the Company’s news release on October 28,
2020). PowerTap is leading the charge to build out cost-effective
hydrogen fueling infrastructure through its environmentally
friendly intellectual property, product design for the modularized
and lowest tier production cost of hydrogen, and launch
plan. PowerTap technology-based hydrogen fueling
stations are located in private enterprises and public stations
(near LAX airport) in California, Texas, Massachusetts, and
Maryland. Additional information about PowerTap may be found at its
website at http://www.powertapfuels.com
ABOUT CLEAN
POWER CAPITAL CORP.
Clean Power is an investment company, that
specializes in investing into private and public companies
opportunistically that may be engaged in a variety of industries,
with a current focus in the health and renewable energy industries.
In particular, the investment mandate is focused on high return
investment opportunities, the ability to achieve a reasonable rate
of capital appreciation and to seek liquidity in our investments. A
copy of Clean Power’s amended and restated investment policy may be
found under the Company’s profile at www.sedar.com.
ON BEHALF OF THE CLEAN POWER
CAPITAL CORP. BOARD OF
DIRECTORS
“Joel Dumaresq”
Joel Dumaresq, CEO+1 (604) 687-2038info@cleanpower.capital
Learn more about Clean Power by visiting our website at:
https://cleanpower.capital/
Notice Regarding Forward Looking
Information:
This press release contains "forward-looking
information" and "forward-looking statements" (together,
"forward-looking statements") within the meaning of applicable
Canadian and United States securities laws. Forward-looking
statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "believe", "plan", "estimate",
"expect", "likely" and "intend" and statements that an event or
result "may", "will", "should", "could" or "might" occur or be
achieved and other similar expressions. Forward-looking information
in this press release includes statements relating to the Company's
consideration of applying to list its common shares on NASDAQ, the
Company's ability to increase its liquidity and capital markets
exposure if the NASDAQ listing application is submitted and is
successful, the Company receiving all required approvals in respect
of a potential NASDAQ listing application and the commencement of
trading of the Company's Common Shares on the NASDAQ should a
listing application be submitted and accepted, the planned
registration of the Company's common shares with the U.S.
Securities and Exchange Commission (the "SEC"), the timing of the
SEC's review of the proposed application and any delays, including
but not limited to delays related to COVID-19, and the Company's
strategic plans.
Although the Company believes that the material
factors, expectations and assumptions expressed in such
forward-looking statements are reasonable based on information
available to it on the date such statements were made, no
assurances can be given as to future results, levels of activity
and achievements and such statements are not guarantees of future
performance.
The forward-looking information contained in
this release is expressly qualified by the foregoing cautionary
statements and is made as of the date of this release. Except as
may be required by applicable securities laws, the Company does not
undertake any obligation to publicly update or revise any
forward-looking information to reflect events or circumstances
after the date of this release or to reflect the occurrence of
unanticipated events, whether as a result of new information,
future events or results, or otherwise.
THE CSE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
Clean Power Capital (CSE:MOVE)
Historical Stock Chart
From Oct 2024 to Nov 2024
Clean Power Capital (CSE:MOVE)
Historical Stock Chart
From Nov 2023 to Nov 2024