Corporate Universe Updates

Rhea-AI Summary

Corporate Universe, Inc. (COUV) has filed its audited financials for 2019 and 2020 with OTC Markets, as it prepares to file Form 10 to become a reporting SEC filer. The company is revising its Share Exchange Agreement for a merger with Carbon-Ion Energy Inc, pending SEC acceptance. The firm acknowledges challenges for shareholders due to a trading suspension, suggesting direct broker communication for transactions. Carbon-Ion Energy is developing a revolutionary energy storage technology that promises faster charging and longer life cycles.

Positive

• Filed audited financials for 2019 and 2020.
• Preparing to file Form 10 to become an SEC reporting filer.
• Potential merger with Carbon-Ion Energy could enhance business prospects.

Negative

• Shares relegated to OTC Grey Sheets due to a trading suspension.
• Challenges for shareholders in buying shares due to brokerage limitations.

COUV FILES 2019/2020 AUDITED FINANCIALS

NEW YORK, NY / ACCESSWIRE / March 10, 2021 / Corporate Universe, Inc. (the "Company"), (OTC PINK:COUV) has announced that the Company has filed its Audited Financials for 2019 and 2020, with OTC Markets. content (otcmarkets.com). The company is now working on filing the requisite Form 10 to become a reporting SEC Filer.

In an update to the proposed merger with Carbon-Ion Energy Inc ("CIE") The Share Exchange Agreement is being revised so that the closing will take place upon the acceptance by the SEC of the Form 10 and other mutual requirements.

In response to many inquiries from shareholders regarding the expired 10 day trading suspension, which has relegated COUV to OTC Grey Sheets, the Company is aware of shareholders having trouble buying shares, as many brokerage firms may not take orders for the purchases of COUV online. The company suggests contacting your broker directly for suitability and execution guidance.

We will continue to update shareholders through this process. Please email your questions to info@corpuniverse.com and we will try to include relevant responses in our ongoing updates.

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/634648/Corporate-Universe-Updates

FAQ

What financials has Corporate Universe (COUV) filed recently?

Corporate Universe has filed its audited financials for 2019 and 2020 with OTC Markets.

What is the status of the merger with Carbon-Ion Energy?

The Share Exchange Agreement for the merger is being revised, pending SEC acceptance of Form 10.

Why are COUV shares on OTC Grey Sheets?

COUV shares are on OTC Grey Sheets due to a 10-day trading suspension.

How can shareholders buy COUV shares after the trading suspension?

Shareholders are advised to contact their brokers directly for suitability and execution guidance.