Regarding the spinoff of GeoSolar Technologies it’s pretty well covered In the attached link.
As I understand it FWAV created the GeoSolar Plus technology with their engineers and in May 2021 sold it to the engineers who created a separate company called GeoSolar Technologies ( GST) to spin it off to become a second public company and GST filed for an S-1 which has just been approved.
GST paid FWAV 10 million of their shares which are being distributed at no cost to FWAV shareholders on the 1 for 4 ratio. These shares are covered by the S-1.
The planned result will be two separate public companies-FWAV/ Edgemode ( assuming the merger is completed) and GeoSolar Technologies.
GST is planning to conduct an IPO and trade by early 2022.
Net result FWAV shareholders get to keep their FWAV/ Edgemode and have free additional shares in GST.
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