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Colambda Technologies files 8K with the SEC siting change of control and completion of Merger.

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On July 9, 2022, Colambda Technologies (OTC: NCRE) completed its merger with Emissions Zero Module, Inc. Following this, a new Board of Directors was appointed, with significant leadership changes, including David Riggs as CEO. The merger aims to enhance Colambda's technology in reducing harmful emissions from internal combustion engines. Riggs expressed that this merger would allow the company to address consumer demand for greener automotive solutions. For more details, the complete filing is available on the SEC website.

Positive
  • Merger with Emissions Zero Module aims to enhance technology for reducing emissions.
  • Appointment of a new CEO and Board of Directors may lead to strategic growth.
  • Focus on developing products that significantly lower environmental impact.
Negative
  • None.

TUCSON, Ariz., July 26, 2022 /PRNewswire/ -- The following is being issued by Colambda Technologies (Pink OTC: NCRE):

On July 9, 2022, Colambda Technologies, Inc (OTCBB: NCRE) completed the previously announced merger with Emissions Zero Module, Inc,

Effective with the closing of the merger (July 9, 2022), the Colambda Technologies Board of Directors will consist of (5) members. On the closing date, the previous directors, George Christodoulou, Mark Christodoulou, and Solon Piitarides, resigned their positions, and Sumit Isaranggunlnaayudhya, David Riggs, Kent Hush, Russell E Klawunn, and Kim Mitchell were appointed as new members to the Board of Directors.  

Also, on the closing date, George Christodoulou, President, Secretary, and, Treasurer and sole officer before the merger, resigned from these positions, and Sumit Isaranggunlnaayudhya was appointed as President, David Riggs was appointed as Chief Executive Officer and Secretary, and Kent Hush was appointed Chief Financial Officer and Treasurer.

Emissions Zero Module, now Colambda Technologies, was founded to eliminate carbon monoxide in automobile emissions while simultaneously reducing all other elements in these emissions (including hydrocarbons, carbon dioxide, nitrous oxide, and methane)

Colambda Technologies new CEO, David Riggs, stated "the completion of the merger will provide Colambda Technologies the ability to satisfy the public's desire to participate in the development of our core technology". Riggs went on to say, "Colambda Technologies intends to provide consumers with products that will substantially reduce emissions generated from internal combustion engines making all cars greener and air cleaner".

The complete 8K filing can be found on the SEC website: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001104462/000109690622001627/ncre-20220709.htm

The Company previously filed with the Securities and Exchange Commission a definitive Information Statement on Schedule 14C with respect to the merger and proposed related transactions, which was filed on December 12, 2021. See the SEC website for a copy of such filing: https://www.sec.gov/edgar/browse/?CIK=1104462.

Contact info:
David Riggs Chief Executive Officer
Colambda Technologies
www.colambdatechnologies.com
info@ezmusa.com

Cision View original content:https://www.prnewswire.com/news-releases/colambda-technologies-files-8k-with-the-sec-siting-change-of-control-and-completion-of-merger-301592888.html

SOURCE Colambda Technologies

FAQ

What is the significance of the Colambda Technologies merger with Emissions Zero Module?

The merger aims to enhance technology for reducing automobile emissions, allowing Colambda to meet consumer demand for cleaner vehicles.

Who were the new appointments in the Colambda Technologies leadership team after the merger?

David Riggs was appointed as CEO, while Kent Hush became CFO and Treasurer.

How does the merger impact Colambda Technologies' future products?

The merger positions Colambda to develop products that significantly reduce emissions from internal combustion engines, contributing to a cleaner environment.

When was the Colambda Technologies merger completed?

The merger was completed on July 9, 2022.

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