OTC Markets Group

Coastal Capital Acquisition Corporation Reverse Stock Split

Retrieved on: 
Saturday, December 3, 2022

No fractional shares will be issued in connection with the reverse stock split and the par value remains unchanged.

Key Points: 
  • No fractional shares will be issued in connection with the reverse stock split and the par value remains unchanged.
  • Shareholders holding stock certificates may contact the Companys transfer agent, Pacific Stock Transfer Company for details on how to exchange for new stock certificates.
  • Coastal Capital Acquisition Corporation believes it is placed precisely, in terms of long-term growth and stability, and looks toward the future endeavors of the company.
  • As a result of the reverse stock split, every 10 shares of outstanding common stock will be exchanged for 1 share of common stock, with any fractional shares being rounded up to the next higher whole share.

Power Solutions International Announces Extension to $50 Million Shareholder Loan Agreement With Weichai America

Retrieved on: 
Friday, December 2, 2022

Borrowings under the Third Shareholders Loan Agreement will incur interest at the applicable Secured Overnight Financing Rate (SOFR), plus 4.65% per annum.

Key Points: 
  • Borrowings under the Third Shareholders Loan Agreement will incur interest at the applicable Secured Overnight Financing Rate (SOFR), plus 4.65% per annum.
  • Further, if the applicable term SOFR is negative, the interest rate per annum shall be deemed as 4.65% per annum.
  • If the interest rate for any loan under the Third Shareholders Loan Agreement is lower than Weichais borrowing cost, the interest rate for such loan shall be equal to Weichais borrowing cost plus 1%.
  • Power Solutions International, Inc. (PSI) is a leader in the design, engineering and manufacture of a broad range of advanced, emission-certified engines and power systems.

PSYC Corporation Discusses Its Diversification and Growth Strategy with The Stock Day Podcast

Retrieved on: 
Friday, December 2, 2022

CEO of the Company, David Flores, joined Stock Day host Everett Jolly.

Key Points: 
  • CEO of the Company, David Flores, joined Stock Day host Everett Jolly.
  • "We have seen a substantial uptick in incoming revenue here with both of these platforms, which is great news for us."
  • "We are absolutely demonstrating that we do have a very solid monetization plan in place," continued Flores.
  • Spotlight Media Corporation ("SMC") ( www.spotlightmediacorp.com ) is a Nevada Corporation and is a privately held wholly owned subsidiary of PSYC that was incorporated on February 8, 2022.

Xfuels announces Cycle Oil & Gas Inc. Operational update

Retrieved on: 
Friday, December 2, 2022

Cycle Oil & Gas contracted OAG Consulting Inc. of Fort Wort, Texas to conduct due diligence prior to purchase & manage their Texas operations after the purchase and sale agreement was completed.

Key Points: 
  • Cycle Oil & Gas contracted OAG Consulting Inc. of Fort Wort, Texas to conduct due diligence prior to purchase & manage their Texas operations after the purchase and sale agreement was completed.
  • When Cycle was handed operational duties, they were met with a variety of challenges from the distressed assets.
  • Cycle will continue working over wells on a lease-by-lease basis until all 17 leases are operational.
  • To learn more about Cycle Oil & Gas, please visit:

Paul Mueller Announces Its Intent to Terminate the Paul Mueller Company Noncontract Employees Retirement Plan

Retrieved on: 
Thursday, December 1, 2022

SPRINGFIELD, Mo., Dec. 01, 2022 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC Pink: MUEL) (the Company) announced today that it has initiated a standard plan termination of the Paul Mueller Company Noncontract Employees Retirement Plan by sending out a Notice of Intent to Terminate (NOIT) to all affected plan participants and other affected parties.The standard termination requires a plan to have enough money to pay all benefits owed to participants and beneficiaries.

Key Points: 
  • SPRINGFIELD, Mo., Dec. 01, 2022 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC Pink: MUEL) (the Company) announced today that it has initiated a standard plan termination of the Paul Mueller Company Noncontract Employees Retirement Plan by sending out a Notice of Intent to Terminate (NOIT) to all affected plan participants and other affected parties.The standard termination requires a plan to have enough money to pay all benefits owed to participants and beneficiaries.
  • The Paul Mueller Company Contract Employees Retirement Plan standard termination was previously announced in a press release on November 1, 2022.
  • The Company estimates the noncontract plan termination will require the Company to contribute $10-15 million and that the termination will result in a non-cash reduction to Net Income of $29-32 million.
  • The noncontract plan represents $76.4 million of the $99.9 million of benefit obligation disclosed on December 31, 2021.

Middlefield Banc Corp. Announces Completion of Liberty Bancshares, Inc. Merger

Retrieved on: 
Thursday, December 1, 2022

MIDDLEFIELD, Ohio, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (“Middlefield”, or the “Company”) (NASDAQ: MBCN), the bank holding company for The Middlefield Banking Company, announced today that it has completed the merger with Liberty Bancshares, Inc. (“Liberty”). As a result of the merger, shares of Liberty are no longer traded on the OTC Market.

Key Points: 
  • Ronald L. Zimmerly, Jr. appointed as President of Middlefield Banc Corp. and The Middlefield Banking Company
    MIDDLEFIELD, Ohio, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (Middlefield, or the Company) (NASDAQ: MBCN), the bank holding company for The Middlefield Banking Company, announced today that it has completed the merger with Liberty Bancshares, Inc. (Liberty).
  • As a result of the merger, shares of Liberty are no longer traded on the OTC Market.
  • In connection with the merger, Ronald L. Zimmerly, Jr., Libertys former President and Chief Executive Officer, has assumed the role of President of Middlefield Banc Corp. and The Middlefield Banking Company.
  • Middlefield Banc Corp., headquartered in Middlefield, Ohio, is the bank holding company of The Middlefield Banking Company, with total assets over $1.7 billion.

UAT Group Subsidiary H2O Processing Partners with South Texas Water Disposal Company

Retrieved on: 
Thursday, December 1, 2022

Tampa, FL, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Umbra Applied Technologies Group, Incs (OTC Pink: UATG) subsidiary, H2O Processing, Inc (H2O), announced today that it has partnered with south Texas water disposal company, Bellows Operating Salt Water Disposal, LLC (Bellows) in Goliad, Texas.

Key Points: 
  • Tampa, FL, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Umbra Applied Technologies Group, Incs (OTC Pink: UATG) subsidiary, H2O Processing, Inc (H2O), announced today that it has partnered with south Texas water disposal company, Bellows Operating Salt Water Disposal, LLC (Bellows) in Goliad, Texas.
  • Operating for three decades in the water disposal space, Bellows brings a wealth of experience to the partnership and business segment that H2O Processing is currently expanding into.
  • For more information about H2O Processing, Inc. visit: https://h2oprocessing.com/
    The company is located in Denver, CO and is an advanced water treatment technology company and is wholly owned by Umbra Applied Technologies Group, Inc.
  • H2O Processing and UAT Group do not assume the obligation to update any forward-looking statement, except as required by applicable law.

Viper Networks Signs Agreement for Smart Cities Projects Funding with Global Sustainable Initiatives, Inc.

Retrieved on: 
Thursday, December 1, 2022

The agreement is contingent on the State of Illinois providing funding or any other funding Global Sustainable Initiatives is able to secure.

Key Points: 
  • The agreement is contingent on the State of Illinois providing funding or any other funding Global Sustainable Initiatives is able to secure.
  • Viper Networks will be the exclusive design, build, operate and transfer (DBOT) with Global Sustainable Initiatives who will hold real estate and license agreements with government agencies to raise private funding and attract public funding for additional Smart Cities projects.
  • All net revenues generated from smart lights and poles will be shared 50/50 between Viper Networks and Global Sustainable.
  • The first phase is targeting installation of smart poles by early 2023, with approximately 2,000 total smart poles to be completed by 2025.

Renewable Innovations and Nestbuilder (OTC:NBLD) Merge with Goals to Accelerate Clean Energy Adoption

Retrieved on: 
Thursday, December 1, 2022

New York, NY, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Renewable Innovations, Inc. (RI), a leader in clean, hydrogen fuel cell energy systems, today announces its merger with Nestbuilder.com Corp. (OTC:NBLD). With a focus on commercial applications for hydrogen-powered systems, RI designs and manufactures primary and backup power generation systems for rapid EV charging, office parks, data centers and retail facilities as well as infrastructure solutions and systems.

Key Points: 
  • New York, NY, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Renewable Innovations, Inc. (RI), a leader in clean, hydrogen fuel cell energy systems, today announces its merger with Nestbuilder.com Corp. (OTC:NBLD).
  • Renewable Innovations shareholders will retain ninety-three percent (93%) of the publicly traded entity, which has been renamed Renewable Innovations, Inc.
  • The Company intends to leverage its breakthrough hydrogen fuel cell technology, bringing grid independent, clean, renewable solutions for power generation and sustainability to the market.
  • Alex Aliksanyan, CEO of Nestbuilder added We are excited to be partnering with Renewable Innovations, a first in class, hydrogen based, electric power product manufacturer.

XCPCNL Business Services announces that it has been hired by Black Bird Biotech to Boost Bee Tested, Bee Safe MiteXstream Biopesticide Sales Within Cannabis Industry

Retrieved on: 
Wednesday, November 30, 2022

We are incredibly excited to work with BBBT and believe that we will be successful in promoting the special qualities of MiteXstream TM to the many verticals within the Cannabis Industry.

Key Points: 
  • We are incredibly excited to work with BBBT and believe that we will be successful in promoting the special qualities of MiteXstream TM to the many verticals within the Cannabis Industry.
  • XCPCNL Business Services Corporation (OTC Pink: XCPL) encourages shareholders to visit their corporate Twitter account at https://twitter.com/RealXCPCNL .
  • Charlotte, NC-based XCPCNL Business Services is a venture development business that leverages its knowledge, skills, and experience in the consumer products industry.
  • Our primary mission is to provide marketing, technology, and other business services to fast-growing consumer product companies and big-box retailers.