Fourth Wave Energy Spins Off GeoSolar Technologies

Fourth Wave Energy formed GeoSolar Technologies, Inc. as a subsidiary and transferred all rights to the GSP system to it. Fourth Wave plans to distribute GST shares to its shareholders in a spin-off, with GST assuming related consulting liabilities.

“on December 2, 2020 FWAV formed GeoSolar Technologies, Inc. ("GST") as a subsidiary of FWAV and subsequently transferred all of the rights to the GSP system to GST in exchange for shares of GST's common stock. Fourth Wave 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 Fourth Wave shareholder.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.