Followers | 1076 |
Posts | 80420 |
Boards Moderated | 5 |
Alias Born | 03/10/2009 |
Thursday, September 24, 2020 5:34:18 PM
share with twitter share with LinkedIn share with facebook
0
09/24/2020 | 05:28pm EDT
Item 1.01. Entry into a Material Definitive Agreement
On September 20, 2020, PowerVerde Inc. ("PowerVerde") signed a Binding Letter of Intent for a merger (the "LOI") with 374Water Inc. ("374Water") a privately-held company based in Durham, North Carolina www.374water.com.
Subject to the terms and conditions set forth in the LOI, 374Water will merge into a newly- formed wholly-owned subsidiary of PowerVerde (the "Sub"), with the Sub as the surviving corporation (the "Merger"). Upon closing of the Merger, PowerVerde will issue new shares of PowerVerde stock to 374Water shareholders such that 374Water shareholders will own approximately 60% of the combined company, and PowerVerde shareholders will own approximately 40%. The Merger is subject to adjustments for liabilities, and the closing is contingent on the achievement of certain milestones and satisfaction of conditions by both parties prior to closing, including the raising of at least $6.25 million of additional capital pursuant to a private placement by March 31, 2021.
The foregoing description of the LOI does not purport to be complete and is qualified in its entirety by reference to the LOI, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) The following exhibit is filed with this report:
Exhibit Number Description
99.1 Binding Letter of Intent, dated as of September 20, 2020,
between PowerVerde Inc., and 374Water Inc.
STOP & VISIT MY BOARD AT: HOTTEST PENNY STOCK PICKS
http://investorshub.advfn.com/boards/board.aspx?board_id=19627
My posts are NOT a buy/sell recommendation, Do your Own DD, before you buy any stock - I reserve the right to buy/sell any stock
Recent SCWO News
- Gabelli Funds to Host 2nd Annual PFAS Symposium at The Harvard Club, New York, NY • GlobeNewswire Inc. • 09/09/2024 12:00:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 08:05:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 12:00:19 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 09:24:38 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 08/12/2024 01:00:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 08:59:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 09:01:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/22/2024 08:05:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:05:21 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/29/2024 09:01:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 08:07:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/22/2024 08:05:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 09:18:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 09:05:55 PM
- Key Executive Appointment Sends Small Cap Higher • AllPennyStocks.com • 04/23/2024 09:10:00 PM
- Gabelli Funds to Host 10th Annual Waste & Environmental Services Symposium Thursday, April 4, 2024 • GlobeNewswire Inc. • 04/01/2024 07:16:36 PM
- UPDATE - Gabelli Funds to Host 10th Annual Waste & Sustainability Symposium Thursday, April 4, 2024 • GlobeNewswire Inc. • 03/18/2024 04:38:18 PM
- Gabelli Funds to Host 10th Annual Waste & Sustainability Symposium Thursday, April 4, 2024 • GlobeNewswire Inc. • 03/18/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 01:31:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 10:16:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 10:01:01 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 10:05:39 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM