Fourth Wave Energy Announces Plans to Spin-Off of Smart Home Technology Subsidiary, GeoSolar Technologies
As part of the spin-off agreement with Fourth Wave, GST will receive all commercial rights to the GeoSolar Plus technology and patents in exchange for the issuance of approximately four shares of GST common stock for each outstanding common share of Fourth Wave.
- As part of the spin-off agreement with Fourth Wave, GST will receive all commercial rights to the GeoSolar Plus technology and patents in exchange for the issuance of approximately four shares of GST common stock for each outstanding common share of Fourth Wave.
- The shares of GST common stock will be issue do current Fourth Wave shareholders, subject to a successful transaction close and other considerations.
- Fourth Wave shareholders will continue to retain their shares in the Company.
- About Fourth Wave Energy Inc.
Fourth Wave Energy is a Silicon Valley based climate change solution company that plans to acquire and develop companies that have innovative products and solutions to the carbon problem.The Fourth Wave management team is focused on developing scalable solutions to the decarbonization of buildings.