GWTI’s Stock Converted from Trading on OTCQB to Pink Sheet Trading
Greenway Technologies, Inc. (OTC: GWTI), an advanced gas-to-liquids (GTL) and gas-to-hydrogen (GTH) technology development company, has announced that its stock has been converted from trading on the OTCQB to Pink Sheet trading. This change occurred due to the company's failure to timely file its Form 10-K for the fiscal year ended December 31, 2023, and Form 10-Q for the quarterly period ended March 31, 2024.
However, GWTI has now filed both reports and is current in its SEC filings. The company is working with a stock broker to file a Rule 15c2-11 Exemption Request Form with FINRA to resume trading on the OTCQB. In the meantime, GWTI will continue trading on the pink sheet platform.
Greenway Technologies, Inc. (OTC: GWTI), un'azienda avanzata nello sviluppo di tecnologie gas-to-liquids (GTL) e gas-to-hydrogen (GTH), ha annunciato che la sua azione è stata convertita dal trading sull'OTCQB al trading su Pink Sheet. Questo cambiamento è avvenuto a causa del mancato invio tempestivo del modulo 10-K per l'anno fiscale conclusosi il 31 dicembre 2023 e del modulo 10-Q per il periodo trimestrale conclusosi il 31 marzo 2024.
Tuttavia, GWTI ha ora presentato entrambi i rapporti ed è attualmente aggiornata nelle sue registrazioni presso la SEC. L'azienda sta lavorando con un broker per presentare una richiesta di esenzione tramite il modulo Rule 15c2-11 a FINRA per riprendere il trading sull'OTCQB. Nel frattempo, GWTI continuerà a negoziare sulla piattaforma Pink Sheet.
Greenway Technologies, Inc. (OTC: GWTI), una empresa avanzada en el desarrollo de tecnologías gas-to-liquids (GTL) y gas-to-hydrogen (GTH), ha anunciado que sus acciones han sido convertidas de la negociación en OTCQB a la negociación en Pink Sheet. Este cambio se produjo debido a la falta de presentación oportuna de su Formulario 10-K para el año fiscal que terminó el 31 de diciembre de 2023, y del Formulario 10-Q para el período trimestral que terminó el 31 de marzo de 2024.
No obstante, GWTI ahora ha presentado ambos informes y está al día con sus registros ante la SEC. La empresa está trabajando con un corredor de bolsa para presentar un formulario de solicitud de exención bajo la Regla 15c2-11 a FINRA para reanudar la negociación en el OTCQB. Mientras tanto, GWTI continuará operando en la plataforma de Pink Sheet.
Greenway Technologies, Inc. (OTC: GWTI), 가스-액체(GTL) 및 가스-수소(GTH) 기술 개발을 전문으로 하는 회사가 OTCQB에서 핑크 시트 거래로 주식이 전환되었다고 발표했습니다. 이 변경은 2023년 12월 31일 결산 연도에 대한 10-K 양식과 2024년 3월 31일 종료 분기 기간에 대한 10-Q 양식을 제때 제출하지 못한 데 따른 것입니다.
하지만 GWTI는 이제 두 보고서를 제출했으며 SEC 제출서류가 현재 유효합니다. 이 회사는 OTCQB에서 거래를 재개하기 위해 FINRA에 Rule 15c2-11 면제 요청서를 제출하기 위해 주식 중개인과 협력하고 있습니다. 그 사이에 GWTI는 핑크 시트 플랫폼에서 계속 거래할 것입니다.
Greenway Technologies, Inc. (OTC: GWTI), une entreprise spécialisée dans le développement de technologies avancées de gaz à liquides (GTL) et de gaz à hydrogène (GTH), a annoncé que son action a été convertie de la négociation sur OTCQB à la négociation sur le Pink Sheet. Ce changement est survenu en raison du non-respect des délais pour déposer son formulaire 10-K pour l'exercice fiscal clos le 31 décembre 2023 et le formulaire 10-Q pour la période trimestrielle terminée le 31 mars 2024.
Cependant, GWTI a maintenant déposé les deux rapports et est à jour dans ses dépôts auprès de la SEC. L'entreprise collabore avec un courtier pour soumettre une demande d'exemption selon la Règle 15c2-11 à la FINRA afin de reprendre le trading sur l'OTCQB. En attendant, GWTI continuera de négocier sur la plateforme Pink Sheet.
Greenway Technologies, Inc. (OTC: GWTI), ein Unternehmen, das sich auf die Entwicklung fortschrittlicher Gas-zu-Flüssigkeiten (GTL) und Gas-zu-Wasserstoff (GTH) Technologien spezialisiert hat, hat bekannt gegeben, dass ihre Aktien von OTCQB auf Pink Sheet-Handel umgestellt wurden. Diese Änderung erfolgte aufgrund der verspäteten Einreichung des Formulars 10-K für das am 31. Dezember 2023 endende Geschäftsjahr sowie des Formulars 10-Q für den am 31. März 2024 endenden Quartalszeitraum.
Allerdings hat GWTI jetzt beide Berichte eingereicht und ist aktuell mit seinen SEC-Einreichungen. Das Unternehmen arbeitet mit einem Broker zusammen, um bei FINRA ein Antrag auf Ausnahmeregelung gemäß Regel 15c2-11 einzureichen, um den Handel auf dem OTCQB wieder aufzunehmen. In der Zwischenzeit wird GWTI weiterhin auf der Pink Sheet-Plattform gehandelt.
- GWTI has filed its overdue Form 10-K and Form 10-Q, becoming current in SEC filings
- The company is working to resume trading on OTCQB by filing a Rule 15c2-11 Exemption Request Form
- GWTI continues to trade on the pink sheet platform, maintaining market presence
- GWTI's stock was downgraded from OTCQB to Pink Sheet trading due to late SEC filings
- Delayed financial reporting may indicate internal control issues or financial difficulties
- Trading on Pink Sheets may reduce visibility and liquidity for GWTI stock
ARLINGTON, Texas, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Greenway Technologies, Inc. (OTC: GWTI), (“Greenway”), is an advanced gas-to-liquids (“GTL”) and gas-to-hydrogen (“GTH”) technology development company. GWTI’s stock has always been traded on on the OTC Market’s OTCQB, which provides orderly and efficient stock trading. Due to the fact that SEC filings for the Form 10-K for the fiscal year ended December 31, 2023 and the Form 10-Q for the quarterly period ended March 31, 2024 were not timely filed, based on Financial Industry Regulatory Authority (“FINRA”) rules, the stock could not continue to be traded on the OTCQB. Greenway has now filed the Form 10-K for the fiscal year ended December 31, 2023 with the SEC and has filed the Form 10-Q for the quarterly period ended March 31, 2024. Greenway is now current in its filings with the SEC. Now, Greenway is working with a stock broker to file a Rule 15c2-11 Exemption Request Form with FINRA. After that form is accepted by FINRA, Greenway can resume trading on the OTCQB. In the interim, Greenway will continue to be traded on the pink sheet trading platform.
Based in Arlington, Texas, the Company, through its wholly-owned subsidiary, Greenway Innovative Energy, Inc., is researching and developing proprietary GTL and GTH systems in association with the University of Texas at Arlington. These relatively small systems can be scaled to meet the natural gas supply wherever it is available. The Company’s patented technology has been integrated into its patented commercial G-Reformer® unit. This unit is the core of a system that can be used to make hydrogen (GTH) or, when combined with a Fischer-Tropsch unit, liquid fuels (GTL), including diesel fuel blend stock, with an associated variety of valuable long-chain hydrocarbon chemicals or methanol. In addition to a robust return on investment, the systems solve a critical problem by enabling conventional transportation of the liquid offtake or by creating hydrogen at the point of consumption. More specifically, GTL can convert stranded gas to a liquid that can be transported by conventional logistical methods, eliminating the need for a pipeline where none exists. For GTH, the hydrogen can be created at the point of use, removing the costly need to compress and transport centrally created hydrogen. Finally, the unit does this in either case with unequaled efficiency and no airborne carbon emissions.
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the ongoing effects of the pandemic on delays and orders regarding Greenway's proprietary gas-to-liquids system, potential business developments and future interest in our clean fuel technologies.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the JV withThe University of Texas at Arlington, and the ongoing impact of the pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
CONTACT:
Raymond Wright
Greenway Technologies, Inc.
raymond.wright@gwtechinc.com
For more information, visit GWTI's website: www.gwtechinc.com
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