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Clean Coal Technologies, Inc. (OTC PINK:CCTC) has completed its merger with NewStream Energy Technologies Group Inc.. This merger enhances CCTC's clean technology offerings as NewStream is known for its innovative energy generation technologies aimed at carbon capture, sequestration, and decarbonization. Following the merger, the company will rebrand to NewStream Energy Technologies Group Inc. and change its ticker symbol to NSET. CEO Patrick Imeson expressed optimism about the merger, highlighting the potential for lower-cost power generation and valuable byproducts. Further developments are expected to be announced soon.
Clean Coal Technologies, Inc. (CCTC) has announced major advancements in its financial restructuring following shareholder and FINRA approval for a stock reverse in July 2022. Key debt agreements were established with Black Diamond Financial Group to convert debt into equity, crucial for executing the company’s business plan. This restructuring is the first step in CCTI's strategy to acquire or license technologies in the clean energy carbon capture sector, positioning the company for future growth.
Clean Coal Technologies, Inc. (OTC PINK:CCTC) announced a one-for-100 reverse stock split effective July 13, 2022, as approved by stockholders on June 15, 2022. The split will reduce the number of outstanding shares from approximately 499 million to 5 million. Following the split, the trading symbol will change to CCTCD for 20 business days before reverting to CCTC. The reverse split aims to strengthen the company's stock price and is part of its broader business strategy.
Clean Coal Technologies, Inc. (OTC PINK:CCTC) announced a business update highlighting its recently filed Global Provisional Patent on advanced technology for its second-generation plant. This patent, filed on September 24, 2021, aims to enhance operational capabilities. Additionally, the company plans to present a restructuring proposal at the next Annual General Meeting, including a share reverse to secure funding and improve its balance sheet by retiring convertible obligations and debt, positioning CCTC for growth and successful plant commercialization.
Clean Coal Technologies, Inc. (CCTC) has signed a memorandum of understanding (MOU) with Energy Capital Economic Development (ECED) to enhance the use of Wyoming PRB coal through technology at the Wyoming Innovation Center in Gillette. The partnership aims to provide infrastructural support as CCTI prepares for operational readiness at its site, utilizing a newly arrived $1.3 million Rotary Kiln. This collaboration will enable CCTC to supply processed coal feedstock for local businesses, promoting cleaner coal technologies and advancing economic benefits in the region.