Corporate Universe Shareholder Update
Corporate Universe, Inc. (OTC PINK: COUV) has announced continued progress toward its merger with Carbon Ion Energy. The company will file a Form 10 Registration Statement with the SEC and seek a qualified Market Maker for Form 211 with FINRA. Concurrently, Medicevo, a subsidiary, will sell equity back to its CEO to focus on Carbon Ion's operations. The corporate website is temporarily down due to a technical issue. Corporate Universe is committed to providing regular updates to shareholders.
- Proposed merger with Carbon Ion Energy is moving forward.
- Filing of Form 10 Registration Statement indicates compliance with SEC requirements.
- Focus on Carbon Ion's development could streamline operations and enhance business value.
- Website downtime may hinder communication and investor relations.
- Dependency on Carbon Ion's success raises concerns about the company's overall stability.
NEW YORK, NY / ACCESSWIRE / February 17, 2021 / Corporate Universe, Inc. (the "Company"), (OTC PINK:COUV) in further response to the SEC 10 trading day order of suspension has provided the following update.
After consulting with our attorneys and speaking with the team at Carbon Ion, at this time the intent is to move forward with the proposed merger transaction. The attorneys for both sides are making certain amendments and conditional provisions to the definitive merger document, including, but not limited to, the following: The Company will file a Form 10 Registration Statement with the Securities and Exchange Commission and, upon effectivensess of the Form 10, will seek a qualified Market Maker to file a Form 211 with FINRA. Concurrent with the closing of the Carbon Ion merger, the equity share of Medicevo, a subsidiary of Corporate Universe will be sold back to its CEO in a to-be-negotiated transaction. This will allow the Company to be singularly focused on Carbon Ion and its development, manufacturing, and commercialization initiatives.
Corporate Universe's web site is down due to a glitch in the WordPress Platform which hosts the web site. WordPress is working diligently to correct this matter.
We will continue to update shareholders through this process, and we will also have regular corporate updates. Please email your questions to info@corpuniverse.com and we will try to include a response , in our next press release.
About Carbon-Ion Energy
Carbon-Ion Energy has developed a new category of energy storage device called Carbon-Ion or C-Ion®. This game-changing technology charges 50 times faster than lithium-ion batteries, radically improves the performance of supercapacitors by using high surface area carbons and ionic electrolytes, allows for over 100,000 charge/discharge cycles, provides high power density, is environmentally safe, and is recyclable. With over 30 patents and a decade of research and development, the company is rapidly moving to commercialization. For more information, please visit www.carbon-ion.energy.
About Corporate Universe:
Corporate Universe Inc is a publicly traded diversified company with a focus on emerging business development to create value for our shareholders. Corporate Universe provides the environment for business growth and stability. For further information see www.corpuniverse.com
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Corporate Universe, Inc. that constitute forward-looking statements for purposes of the safe harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Corporate Universe, Inc. cautions you that any forward-looking information provided by or on behalf of Corporate Universe, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Corporate Universe, Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Corporate Universe, Inc.'s control. In addition to those discussed in Corporate Universe, Inc.'s press releases, public filings, and statements by Corporate Universe, Inc.'s management, including, but not limited to, Corporate Universe, Inc.'s estimate of the sufficiency of its existing capital resources, Corporate Universe, Inc.'s ability to raise additional capital to fund future operations, Corporate Universe, Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Corporate Universe, Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Corporate Universe, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Contact: Corporate Universe Inc
info@corpuniverse.com
1-302-273-1150
SOURCE: Corporate Universe
View source version on accesswire.com:
https://www.accesswire.com/630460/Corporate-Universe-Shareholder-Update
FAQ
What is the status of Corporate Universe's merger with Carbon Ion?
What regulatory filings is Corporate Universe planning to make?
Why is Corporate Universe selling Medicevo's equity back to its CEO?
How is Corporate Universe communicating updates to shareholders?
Why is Corporate Universe's website down?
