Talen Energy Announces All Shares of Common Stock Now Trade on OTCQX

Rhea-AI Summary

Talen Energy announced that, effective May 17, 2024, its outstanding restricted shares of common stock issued under CUSIP No. 87422Q208 have been exchanged for unrestricted shares with CUSIP No. 87422Q109.

This exchange allows the shares to trade on the OTCQX Best Market, significantly increasing their liquidity.

Shareholders can now trade these shares without restriction, provided they comply with securities laws and OTCQX regulations.

Positive

• Increased liquidity: The unrestricted shares now trade on OTCQX, making it easier for shareholders to buy and sell.
• Enhanced market visibility: Trading on the OTCQX Best Market can attract more investors and improve stock performance.

Negative

• Potential for increased volatility: Greater liquidity can sometimes lead to more price fluctuations.
• Compliance requirements: Shareholders must adhere to securities laws and OTCQX rules, which can add complexity.

HOUSTON, May 20, 2024 /PRNewswire/ -- Talen Energy Corporation (the "Company") (OTCQX: TLNE) announced today that the Company's outstanding restricted shares of common stock issued with or under CUSIP No. 87422Q208 (the "Shares") were exchanged for unrestricted shares issued with or under CUSIP No. 87422Q109 on May 17, 2024. The completion of this exchange resulted in the Shares becoming eligible to be traded on the OTCQX® Best Market ("OTCQX").

The exchange is intended to provide all shareholders with increased liquidity, permitting the Shares to trade without restriction, subject to each holder's compliance with (i) securities laws and (ii) rules promulgated by OTCQX.

About Talen

The Company owns and operates approximately 10.7 gigawatts of power infrastructure in the United States. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, including PJM and WECC, with our generation fleet principally located in the Mid-Atlantic and Montana. Talen is headquartered in Houston, Texas. For more information visit https://www.talenenergy.com/.

Talen trades on the OTCQX under the ticker "TLNE." OTCQX companies meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, and have a professional third-party sponsor introduction. Investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on https://www.otcmarkets.com/stock/TLNE/overview.

Additional Information
For additional information and updates about Talen, please visit our Investor Relations webpage at https://talenenergy.investorroom.com, or contact:

Investor Relations:
Ellen Liu
Senior Director, Investor Relations
InvestorRelations@talenenergy.com
281-203-5435

Media:
Taryne Williams
Director, Corporate Communications
Taryne.Williams@talenenergy.com
610-601-0327

Forward Looking Statements
This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecasts," "goal," "intend," "may," "plan," "potential," "predict," "project," "seek," "should," "will," or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future events and conditions concerning, among other things capital expenditures, earnings, litigation, regulatory matters, hedging, liquidity and capital resources and accounting matters. Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations and are subject to numerous factors that present considerable risks and uncertainties.

View original content:https://www.prnewswire.com/news-releases/talen-energy-announces-all-shares-of-common-stock-now-trade-on-otcqx-302149442.html

SOURCE Talen Energy Corporation

FAQ

What significant event did Talen Energy announce on May 20, 2024?

Talen Energy announced the exchange of its restricted shares for unrestricted shares, allowing them to trade on the OTCQX Best Market.

What is the stock symbol for Talen Energy?

The stock symbol for Talen Energy is TLNE.

When did the exchange of Talen Energy's restricted shares occur?

The exchange occurred on May 17, 2024.

What is the new CUSIP number for Talen Energy's unrestricted shares?

The new CUSIP number for the unrestricted shares is 87422Q109.

What are the benefits of Talen Energy's shares trading on the OTCQX Best Market?

Trading on the OTCQX Best Market increases liquidity and can attract more investors.

Are there any restrictions on trading Talen Energy's shares on OTCQX?

Shareholders must comply with securities laws and OTCQX rules when trading the shares.