HNRC FILES REGISTRATION STATEMENT FOR WDHI LISTING
- Houston Natural Resources Corp. has filed a registration statement for the spin-off of Worldwide Diversified Holdings, Inc. The anticipated NASDAQ listing of WDHI with a target price of $3.50 per share could positively affect the stock price. The completion of the acquisition of Cunningham Energy, with appraised reserves of $352 million, could also have a positive impact on the stock price. The $10 million-dollar underwriting commitment for acquisitions and a listing to a major exchange could provide acquisition and expansion capital, increasing market interest in the company's business model.
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The Company has previously announced that, effective May 26, 2023 the Board of Directors has approved the transfer of the non-energy investments of
The company's transfer agent, Equiniti Shareowner Services, has been appointed as the transfer agent for Worldwide Diversified Holdings, Inc and the dividend agent. The company has received the new CUSIP number for WDHI shares and applied to reserve WDHI as the trading symbol.
WDHI has a legacy portfolio in the technology, telecommunications, and software industries. It will focus on additional opportunities in Artificial Intelligence and food technologies.
The company also reiterated that it intends to continue to implement its dividend policy in 2023 and expects to pay additional dividends to its shareholders this year from liquidity events.
The company also announced that it expects to complete the acquisition of
The company is preparing to file an SEC registration for HNRC uplisting to NASDAQ after the acquisition of Cunningham Energy has been completed.
The company had announced that it has signed a
About Houston Natural Resources Corp
Houston Natural Resources Corp. (OTCMKTS: HNRC) (www.hnrcholdings.com) is a diversified energy company with oil and gas interests. The company has recently acquired a
FORWARD-LOOKING STATEMENTS:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.
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SOURCE Houston Natural Resources Corp
FAQ
What is the target price for the anticipated NASDAQ listing of WDHI?
When is the acquisition of Cunningham Energy expected to be completed?
What is the appraised value of the reserves of Cunningham Energy?