SOLAR INTEG ROOFING CORP - SIRC STOCK NEWS

Solar Integrated Roofing Corp. provides a corporate update on its binding Letter of Commitment with Tribeca Energy. Tribeca Energy plans to merge and list on the NYSE/Nasdaq by October 30, 2023. The company aims to create a vertically integrated energy company and build a core portfolio consisting of approximately six companies. Tribeca Energy plans to raise approximately $100m via a PIPE Pre-IPO and will focus on integrating all operating companies into one working platform. In phase two, they will seek to add six additional companies to broaden their global presence and achieve their vision of decarbonizing the energy grid.

Solar Integrated Roofing Corp. (OTC:SIRC) has entered into an agreement with Continuation Capital, Inc. to settle outstanding debts of $1,063,778.11. The partnership allows SIRC to address its debt obligations and support operational needs.

Solar Integrated Roofing Corp. provides a project and business update to shareholders. The company plans to issue monthly updates on major projects and overall business operations. They are focused on organic growth, efficiency, and culture. The Calaway Farms project is experiencing delays in starting construction. The Lordsburg Green Hydrogen project is still in the development phase. PLEMCo has completed the EVSE project at the Barstow Veterans Home and will start the project at Olive View Hospital. MacKay Roofing is working on a commercial contract valued at $1.4 million. Milholland Solar has added two additional Battery Installation crews. The Balance and SIRC services division has seen significant growth. SIRC plans to launch new finance solutions in mid-June and throughout July.

Solar Integrated Roofing Corp. announces changes in executive management team and plans to focus on operational improvements and internal sales. Q1 financial results were impacted by weather conditions, supply chain issues, and SG&A consolidation. Capital markets uncertainty and short-term debt servicing also affected cash flow and commercial projects. The company aims to strengthen its balance sheet, raise strategic capital, and expand into new markets.

Solar Integrated Roofing Corp. (OTC Pink: SIRC) CEO, David Massey, discusses the company's background, current projects, and plans for 2023 in an interview with Stock Day Podcast. Massey highlights the company's focus on solar power, roofing, EV charging systems, and battery storage. They have a $330 million project in New Mexico and are looking to partner with a battery company. The company aims to uplist to Nasdaq to unlock its true value and attract more funding.

Solar Integrated Roofing Corp. (OTC:SIRC) announced a pivotal agreement with Granite Global Value Investments to convert a $14 million promissory note into equity. As part of this exchange, Granite will receive 4,000,000 shares of common stock in exchange for canceling the note issued in June 2022. This move aims to strengthen the company's balance sheet and enhance financial flexibility, as stated by CEO David Massey. The company is focusing on strategic growth and operational efficiency to maximize shareholder value. SIRC is recognized as a comprehensive provider of solar power, roofing, and EV charging systems across North America.