AskMuncher
3 years ago
$EAWD Energy and Water Development Corp. Establishes Common Stock Equity Agreement to Support its Growth
Press Release | 02/16/2022
Proceeds to Be Used to Increase Market Penetration and Sales
ST. PETERSBURG, FL / ACCESSWIRE / February 16, 2022 / Energy and Water Development Corp. (OTC PINK:EAWD) (the "Company"), an engineering company focused on delivering innovative and sustainable solutions of water and energy, today announced that it entered into a common stock purchase agreement and registration rights agreement (together, the "Agreements") with an institutional investor for up to $5 million worth of shares issuable over a 24-month period time, based upon the current market price of the stock at the time. Separately, upon entering into the Agreements, the investor made an initial fixed price equity investment of $300,000 at the then market price, no discount, which is subject to Rule 144 and a 6-month holding period.
Ralph Hofmeier, Chief Executive Officer of Energy and Water Development Corp., stated, "I want to reiterate that this investment is a step up for us, as the upfront capital of $300,000 is substantial for us to continue to grow our sales and it is in common stock equity at a fixed price. Of note, the common stock equity agreement will provide us additional growth capital to increase our sales and is at our control and discretion in regards to the amounts and timing. We believe this financing is not dilutive to current shareholders and enhances our value by increasing our cash and shareholder equity positions over time. It better positions us toward our capital markets goal for 2022-23 of an uplist to a major U.S. national exchange."
Hofmeier, continued, "We are extremely happy to partner with this institutional investor in regards to a common stock equity agreement. This is a major milestone for our Company, as we look to accelerate the number of active projects and revenue in 2022. Energy Development & Water is an emerging growth company going after a multi-billion-dollar market opportunity.If we had more capital to deploy, we could be growing much faster and this is a market that is rewarding growth. We are confident that the existing capital structure will support our operational cash flow requirements while providing the flexibility to achieve our growth targets. Plenty of high-profile public companies utilize similar equity agreements including American Battery Technology, Roku, Ballard Power among others, which have all seen their stocks perform very well post announcements. Of extreme importance to us was the faith and enthusiasm of the investor to provide a $300,000 upfront investment at a fixed equity price and our control over the timing and amounts of future equity capital which allows us to take advantage of sudden increases in our stock price."
Following the initial investment, and subject to the conditions of the Agreements, including that a registration statement is filed and declared effective with the Securities and Exchange Commission the Company has the right, in its sole discretion, to sell up to an additional $5 million worth of shares over a 24-month period. The Company will control the timing and amount of any sales to the investor and the investor is obligated to make purchases in accordance with the Agreements.
There are no upper limits to the price per share the investor may pay to purchase common stock and the purchase price of the shares will be based on the then prevailing market prices of the Company's shares at the time of each sale. No warrants, derivatives, financial or business covenants are associated with the Agreements.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in this offering, nor will there be any sale of these securities in any jurisdiction in which such offer solicitation or sale are unlawful prior to registration or qualification under securities laws of any such jurisdiction.
Energy and Water Development Corp.
Energy and Water Development Corp. (OTC PINK:EAWD) is an engineering solutions company focused on delivering innovative and sustainable solutions of water and energy. EAWD builds its systems out of proven technologies, using their technical know-how to customize solutions to their clients' needs. The Company offers design, construction, maintenance and specialty consulting services to private companies, government entities and non-government organizations (NGOs).
For additional information, please visit: https://energy-water.com
Forward-Looking Statements:
Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance, and opportunities that involve substantial risks and uncertainties. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target," "intend" and "expect" and similar expressions, as they relate to Energy and Water Development Corp., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.
Corporate:
investor.relations@energy-water.com
Investor Relations Contact:
Brian Loper
ClearThink
bloper@clearthink.capital
p347-413-4234
Luckypennyman
4 years ago
In Light of the Global Water Crisis, Two Green Tech Companies Announce the BlueTech Alliance for Water Generation
Florida and Germany -- February 2, 2021 -- InvestorsHub NewsWire -- Under the banner The BlueTech Alliance, Energy And Water Development Corp (OTCQB:EAWD) and ENVELON UG, a producer and engineering service provider for solar panels, have signed a comprehensive agreement for production of so-called Solar Powered Atmospheric Water Towers (eAWGT).
The Solar Powered Atmosphere Water Generation Towers (eAWGT), a stand-alone but also building attached the Solar block, sizes 10 meters long wide, 8 meters high, and would be able to generate 10,000 Liters of water per day, completely independent of use of ground water or fossil fuels.
According to the World Water Council, the tripling of the world’s population in the 20th century increased the use of renewable water resources six-fold. This growth and the increased industrialization and urbanization, has resulted as an increasing demand for water, even in developed and high income countries, which tend to use more water for energy generation and industry, for example the water supply for Tesla’s upcoming factory in Germany, which has been a topic of concern for some residents of nearby communities and for TESLA itself. The eAWGT represents an immediate and sustainable solution for the water crisis in the manufacturing industry and we are pleased to find a partner in Germany that provides the know-how and technology for solar energy generation, Ralph Hofmeier – CEO of EAWD stated. This alliance helps us to further develop our products and to deliver the requested volume of water and energy generation products for the worldwide demand, Mr. Hofmeier concluded.
ENVELON UG is a producer and engineering service provider for solar panels that are typically used for the building envelope of public buildings, office and/or big residential buildings. With the BlueTech Alliance, ENVELON UG starts to transfer its technology to a variety of applications, now including the Self-Sufficient Energy Powered Atmosphere Water Generation Systems (eAWGs), as well as this new development of building-attached eAWGT, Mr. Jochen Weick, Founder and CEO of ENVELON UG, stated. With the establishment of the BlueTech Alliance with EAWD, we extend our product range in the segment of infrastructure technology, engineering and services for projects; we are looking forward to seeing the first serial products to be built in Hamburg, Mr. Weick concluded.
About Energy and Water Development (OTCQB:EAWD).
Energy and Water Development Corporation is a green-tech engineering solution company focused on delivering water and energy to extreme environments. The Company offers design, construction, maintenance, and specialty consulting services to private companies, government entities and non-government organizations (NGOs). EAWD builds water and energy systems out of already-existing, proven technologies, utilizing their technical know-how to customize solutions to their clients’ needs. The Company’s website is: www.eawctechnologies.com
About ENVELON UG.
ENVELON is German-based producer and engineering service provider for fully integrated solutions for the building envelope. According to the company´s mission, “Turn on the building envelope,” ENVELON´s product MATERIA is an active facade material that can replace classic building material without comprising on the esthetical quality. The main applications are public building, commercial and office buildings as well as big residential buildings. In cooperation with its wide-ranged network of companies ENVELON delivers full solutions including turn-key solutions for solar facades. For more details, visit www.envelon.de
Forward-Looking Statements
This press release may contain forward-looking statements. The words “believe,” “expect,” “should,” “intend,” “estimate,” “projects,” variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company’s current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company’s filings.
Contact Information:
Energy and Water Development Corp.
Irma Velazquez, Chief Operating Officer
Email: velazquezi@eawctechnologies.com
Tel. +1 347 871 8927
Tel. +49 179 911 9256
Luckypennyman
4 years ago
Uplisted to OTCQB ! DEC 30th
https://www.otcmarkets.com/stock/EAWD/news/Energy-and-Water-Development-Corp-Announces-Upgrade-to-OTCQB-Venture-Market?id=284760
Energy and Water Development Corp. Announces Upgrade to OTCQB Venture Market
Press Release | 12/30/2020
Miami, Florida, Dec. 30, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Energy and Water Development Corp. (OTCQB: EAWD), a green-tech engineering solutions company focused on delivering Self Sufficient Energy Powered Water Generation Systems, is pleased to announce its uplifting to the OTCQB Venture Market (OTCQB) since December 21st, 2020.
“We are excited about EAWD upgrade to the OTCQB Venture Market. This milestone exhibits our continued commitment to our shareholders; we believe listing on the OTCQB will provide the Company with increased access to US institutional and retail investors and a broader shareholder base. U.S. investors will have the opportunity to share in the Company's growth, as investor interest in green tech solutions benefits of water generation gain momentum; U.S. investors can find Real-Time quotes and market information for EAWD at www.otcmarkets.com and access current company news and developments," Ralph Hofmeier, Chief Executive Officer of Energy And Water Development Corp., stated.
The OTCQB offers transparent trading in entrepreneurial and development stage companies that have met a minimum bid price test, are current in their financial reporting and have undergone an annual verification and management certification process. These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.
About Energy and Water Development Corp.
Energy and Water Development Corp. (“EAWD”) is a green-tech engineering solutions company focused on delivering water and energy to extreme environments. The Company offers design, construction, maintenance, and specialty consulting services to private companies, government entities and non-government organizations (NGOs). EAWD builds water and energy systems out of already-existing, proven technologies, utilizing their technical know-how to customize solutions to their clients’ needs.
The Company’s website is: www.eawctechnologies.com
Forward-Looking Statements
This press release may contain forward-looking statements. The words “believe,” “expect,” “should,” “intend,” “estimate,” “projects,” variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company’s current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company’s filings.
Contact Information:
Energy and Water Development Corp.
Irma Velazquez, Chief Operating Officer
Email: velazquezi@eawctechnologies.com
Tel. +1 347 871 8927
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