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Ocean Thermal Energy Corporation Announces FINRA Action of Name, Ticker Change, and Forward Split of Stock
Ocean Thermal Energy Corporation Announces FINRA Action of Name, Ticker Change, and Forward Split of Stock.
About this update from Ocean Thermal Energy Corp.
[{"type":"text","content":" \n\nOcean Thermal Energy\nCorporation Announces FINRA Action of Name, Ticker Change, and Forward Split of\nStock\n\nLancaster,\nPA- May 25, 2017 – Ocean Thermal Energy Corporation (OTC: TDYSD)\n(the “Company”, “we” or “OTE”), a project developer for Ocean Thermal Energy\nConversion (“OTEC”), clean hydrothermal energy plants, and Seawater District\nCooling/Seawater Air Conditioning (“SWAC”) cooling plants, announced today that\nFINRA has approved and effected all corporate actions in connection with the\nCompany’s merger with TetriDyn Solutions, Inc.\n\nEffective\nat the open of business today, May 25th, the Company will commence\ntrading under the ticker symbol, “TDYSD”. After 20 business days, the ticker\nsymbol will change to “CPWR”, a reference to OTE’s business in “Sea Power”. The\nforward stock split of 2.167559-for-1 and the Company’s name change to Ocean\nThermal Energy Corporation will be effective today as well, pursuant to the\nmerger agreement and by action of FINRA. Ocean Thermal Energy Corporation will\nnow have 110,808,317 common shares outstanding.\n\nJeremy\nP. Feakins, Chairman and CEO of Ocean Thermal Energy Corporation, stated, “This\nis a tremendous development for OTE. The corporate action by FINRA completes\nthe work that began when OTE merged with TetriDyn, a fully-compliant,\npublicly-traded company. We look forward\nto using the OTC Markets platform to raise our visibility with new investors,\naccess growth capital in public markets, and continue our mission to bring OTEC\nand SWAC technology to millions of people around the world.”\n\nAbout\nOcean Thermal Energy Corporation\n\nOTE is a\nLancaster, Pennsylvania-based Company with plans and projects for deep-water\nhydrothermal clean-energy systems which include producing fossil-fuel free\nelectricity through Ocean Thermal Energy Conversion (OTEC) and environmentally\nfriendly cooling though Seawater Air Conditioning (SWAC). An important part of\nthe technology is the production of large amounts of water for drinking,\naquaculture, and agriculture. \n\nOTE’s\ntechnology is best suited to tropical and subtropical regions of the world\nwhere about 3 billion peop...