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Fastbase, Inc., Approved to Change Public Listing Name and Ticker Symbol to Universal New Energy Holding Group, Inc. (UNEH)
Fastbase, Inc., Approved to Change Public Listing Name and Ticker Symbol to Universal New Energy Holding Group, Inc. (UNEH).
About this update from Universal New Energy Holding Group, Inc.
[{"type":"text","content":"Fastbase, Inc., Approved to Change Public Listing Name and Ticker Symbol to Universal New Energy Holding Group, Inc. (UNEH)Fastbase, Inc., was approved to change its public listing name to “Universal New Energy Holding Group, Inc.” and its ticker symbol to “UNEH,” announced today that the Financial Industry Regulatory Authority has granted this name change, effective October 30, 2024. The shift reflects the company’s planned direction toward new energy solutions and aligns its branding with the strategic goals it intends to pursue in the battery and green energy sectors.Reverse Stock SplitIn conjunction with the name and ticker symbol change, the company also announced a 1-for-15 reverse stock split of its common stock, effective October 30, 2024. The reverse split is intended to support a more stable and favorable capital structure as the company explores future business opportunities in energy storage and battery technologies. Upon the split’s completion, each 15 shares of issued and outstanding common stock will be combined into one issued and outstanding share, with no impact on the total par value per share. Any resulting fractional shares will be rounded up to the nearest whole share.Shareholders are advised that the reverse split aims to support improved trading conditions, with anticipated adjustments to the trading price of common stock under the new ticker symbol UNEH. Shareholders are encouraged to consult financial advisors for personalized guidance.About Universal New Energy Holding Group, Inc.Universal New Energy Holding Group, Inc. (OTC: UNEH) intends to engage in the research, development, production, and technical services related to battery technologies, recycling, and energy storage solutions. Currently in the early stages, the company plans to develop capabilities that will focus on battery materials, cells, and systems. Future objectives include establishing a sustainable, vertically integrated battery ecosystem. The company’s prospective operations may cover the customization of battery cell and system solutions to meet anticipated demands from potential clients in the energy and electric vehicle sectors.Forward-Looking StatementsThis press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act...