FWAV - FWAV STOCK NEWS

Fourth Wave Energy has completed the acquisition of EdgeMode, a move aimed at entering the crypto mining sector with an emphasis on Bitcoin. The transaction, finalized on January 31, 2022, positions Fourth Wave to leverage EdgeMode's existing operations in New York and Illinois, with plans for further U.S. expansion. The acquisition is expected to drive growth through substantial hardware purchasing agreements and the development of data center locations. New executive appointments include Charlie Faulkner and Simon Wajcenberg, who bring extensive industry experience.

Fourth Wave Energy (OTCQB: FWAV) announced the completion of its acquisition of EdgeMode, entering the crypto mining sector with a focus on bitcoin mining. EdgeMode, led by experienced tech entrepreneurs, operates in New York and Illinois, with plans for further expansion in 2022. The acquisition aims to enhance profitability through substantial U.S.-based data center capacity and hardware agreements. CEO Joseph Isaacs aims for a potential uplisting to NASDAQ within the year, supported by new executive management from EdgeMode.

Fourth Wave Energy has secured $4.3 million through retail and institutional investors, surpassing their initial goal of $3 million. The funds will enhance their mining operations and high-performance computing (HPC) hardware, particularly benefiting their subsidiary, EdgeMode, which received $1.6 million to drive its growth. EdgeMode aims to expand its data center capabilities, promoting increased Bitcoin production. However, potential risks include market volatility in Bitcoin prices and operational challenges in contracted hosting capacities.

Fourth Wave Energy, Inc. (OTCQB: FWAV) has entered into a reverse triangular merger agreement to acquire EdgeMode, enabling a strategic pivot into crypto mining, focusing initially on bitcoin. EdgeMode is set for significant growth, with mining operations in New York and Illinois, and future expansion planned in North Carolina and Texas. The merger aims to capitalize on the booming crypto industry, with Fourth Wave targeting a NASDAQ uplisting. The company has raised over $4.3 million to facilitate the merger and business development.

Fourth Wave Energy, Inc. (OTCQB: FWAV) has announced the spin-off of GeoSolar Technologies (GST) following GST's filing of a registration statement with the SEC. GST will obtain all commercial rights to the GeoSolar Plus technology in exchange for issuing approximately four shares of GST common stock for each outstanding share of Fourth Wave. The GeoSolar Plus system aims to reduce energy consumption and greenhouse gas emissions while improving indoor air quality. Shareholders will retain their Fourth Wave shares and receive GST shares once the registration statement is effective.

Fourth Wave Energy (FWAV) announced the settlement of four Convertible Secured Note Agreements, set to eliminate toxic debt from its balance sheet by Q1 2021. CEO Joe Isaacs stated that this move aims to enhance shareholder value and facilitate the impending acquisition of Delsol power tile. The company plans rapid expansion in solar energy, targeting growing demand in the residential market. The solar market is projected to reach $223 billion by 2026, with less than 4% of U.S. homes currently utilizing solar systems. Future growth may include energy storage and electric vehicle charge points.

Fourth Wave Energy (FWAV) plans to acquire DeSol Power Tiles, a solar roof system provider. This acquisition aims to enhance its portfolio of climate change solutions by integrating DeSol's patented solar roofing systems. The transaction is projected to close in Q1 2021. The company has secured $400,000 in equity financing from Tysadco Partners and raised an additional $300,000 through fixed-price convertible notes to support this acquisition. The DeSol solar tiles promise a 30-year performance guarantee, combining aesthetics with functionality.

Fourth Wave Energy, Inc. (OTCQB: FWAV) announced plans to spin off its smart home technology subsidiary, GeoSolar Technologies (GST). Under the agreement, GST will obtain commercial rights to the GeoSolar Plus technology, offering four shares of GST for each share of Fourth Wave. This strategic move aims to enhance company focus and capitalize on growth in the renewable energy sector. GST will relocate to Arvada, Colorado, under the leadership of experienced executives, including CEO Stone Douglass. Additionally, Fourth Wave intends to acquire DeSol Power Tiles, further expanding its renewable energy portfolio.

Fourth Wave Energy (OTCQB: FWAV) announced its intention to acquire DeSol Power Tiles, a solar tile company, on October 5, 2020. The acquisition aims to manufacture, market, and distribute solar roof tiles across North America. DeSol's patented solar roof system integrates aesthetic appeal with solar functionality, providing a long-lasting, aesthetically pleasing solar option. The company sees potential for rapid scaling due to the product's ease of installation and a growing market for solar energy solutions, especially in the residential sector.