Fourth Wave Energy Plans Spin-Off of GeoSolar Technologies

Fourth Wave Energy, Inc. plans to transfer all rights to its GSP system to newly formed GeoSolar Technologies, Inc. (GST) in exchange for shares, and then distribute those shares to FWAV shareholders in a spin-off. GST will also assume approximately $385,000 in liabilities.

“FWAV plans to transfer all of the rights to the GSP system to GeoSolar Technologies, Inc. ("GST"), a newly formed Colorado corporation, in exchange for shares of GST's common stock. FWAV plans to distribute ("Spin-Off") these shares to its shareholders on the basis of one share of GST's common stock for each four shares held by a FWAV shareholder.”

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