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AGRISOLAR SOLUTIONS, INC. (AGSO) GRANTED DEFAULT JUDGMENT TO CANCEL RESTRICTED SHARES
AGRISOLAR SOLUTIONS, INC. (AGSO) GRANTED DEFAULT JUDGMENT TO CANCEL RESTRICTED SHARES.
About this update from Titan Nrg
[{"type":"text","content":"AGRISOLAR SOLUTIONS, INC. (AGSO) GRANTED DEFAULT JUDGMENT TO CANCEL 33,544,602 RESTRICTED SHARES OF ITS OUTSTANDING COMMON STOCKTucson, Arizona - October 12th, 2021 - Publicly-held AgriSolar Solutions, Inc. (\"AgriSolar\" OTC: AGSO) announces that it was granted a default judgment to cancel approximately 53% of its restricted shares of its issued and outstanding common stock. On October 7th, 2021 in the 2nd Judicial district court of Denver County, Colorado, the shares were deemed to have been improperly issued and the court has ordered them to be canceled.The Company will be sending a certified signed court order to EQ Shareowner Services (Equiniti) to formally cancel these shares. The Company profile on OTC Markets will be updated with the new share structure in the coming weeks.Shareholders interested in viewing the signed court order authorizing the cancellation of these shares can do so on the Company’s OTC Markets page. https://www.otcmarkets.com/stock/AGSO/disclosureAgriSolar CEO, Alex Majalca Jr., commented, “I’d like to thank our committed shareholder base for staying with us throughout this complex process. I would also like to thank our proficient team of attorneys at Hathaway & Kunz LLP for assisting us in navigating through this process. It’s been quite an undertaking. When we’re able to get this process completed, I think it’d be safe to say that a Reverse Split will be off the table.”Contact:Alex R. Majalca Jr. President/Chief Executive OfficerAgriSolar Solutions, [email protected] AgriSolar Solutions Inc.:AgriSolar Solutions Inc,. (AGSO) has entered into a merger agreement with APE Titan NRG Inc., (\"Titan NRG\") a wholly-owned subsidiary of Titan NRG Partners LLC. (\"NRG Partners\"). Under the terms of the merger, AgriSolar will be the surviving corporation, and it will change its name to Titan NRG, Inc. Following the merger, the surviving company will operate as a holding company for the following subsidiaries of Titan NRG: NRG Dynamics, APE Fuels, Vespene, and NRG Rail. The company’s post-merger operations, through its subsidiaries, will be as a downstream energy and transportation company. Consolidated, there are currently 20+ transports in 9 states, retail propane serving southern AZ with 1500+ leased tanks, wholesale purchasing and sales with Vespene, and a long-term lease on the new 18 c...