GWTI Greenway Technologies Inc (PK)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of the earliest event reported): July 17, 2024 (July 17, 2024)

 

GREENWAY TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

texas		000-55030		90-0893594
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

1521 North Cooper Street, Suite 205

Arlington, Texas 76011

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: 561-809-4644

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On July 17, 2024, the Board of Directors of Greenway Technologies, Inc. elected Robert Kevin Jones to the Board of Directors and Kent Harer resigned as Acting President of the Company.

 

Item 9.01 Financial Statements and Exhibits

 

(d)

Exhibits

 

Exhibit No.		Description
99.1		Press release dated July 23, 2024
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

	Greenway Technologies, Inc.
	By	/s/ Ransom B. Jones
		Ransom B. Jones
		Chief Financial Officer

 

Date: July 23, 2024

 

 

 

Exhibit 99.1

 

 

GWTI Elects New Member to the Board Of Directors, Acting President of GWTI Resigns

 

ARLINGTON, Texas, July 23, 2024

 

Greenway Technologies, Inc. (OTC: GWTI), (“Greenway”), an advanced gas-to-liquids (“GTL”) and gas-to-hydrogen (“GTH”) technology development company, announces that it elected Robert Kevin Jones to the Board of Directors and Kent Harer resigned as Acting President of the Company.

 

Mr. Jones is one of the largest shareholders and the largest single creditor of Greenway. He previously served on the Board of Directors and brings to the Company his skills and personal connections, which the Board of Directors believes will serve the company well.

 

Mr. Harer has served in the position of Acting President for many years and brought to Greenway a wealth of experience that has proven very valuable to the Company.

 

Based in Arlington, Texas, the Company, through its wholly-owned subsidiary, Greenway Innovative Energy, Inc., is engaged in the research and development of proprietary GTL and GTH syngas conversion systems that can be scaled to meet oil and gas field production requirements or the requirements of various processes where natural gas is available. The Company’s patented technology has been integrated into its recently completed first-generation commercial G-Reformer^® unit, a unique component used to convert natural gas into synthesis gas. In the case of hydrogen creation, synthesis gas is created and separated into hydrogen gas and CO₂ with no additional processing steps required. When combined with an FT reactor and catalyst, G-Reformer^® units can be deployed to process a variety of natural gas streams, including pipeline gas, associated gas, flared gas, vented gas, coal-bed methane, and biomass to produce fuels including gasoline, diesel, jet fuel, and methanol as well as valuable chemical outputs. When derived from natural gas, these fuels are incrementally cleaner than conventionally produced oil-based fuels.

 

 

Notice Regarding Forward-Looking Statements:

 

This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the ongoing effects of the pandemic on delays and orders regarding Greenway’s proprietary gas-to-liquids system, potential business developments and future interest in our clean fuel technologies.

 

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the JV with the University of Texas at Arlington, and the ongoing impact of the pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

 

CONTACT:

 

Raymond Wright

Greenway Technologies, Inc.

 

raymond.wright@gwtechinc.com

 

For more information, visit GWTI’s website: www.gwtechinc.com

 

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Cover	Jul. 17, 2024
Cover [Abstract]
Document Type	8-K
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Document Period End Date	Jul. 17, 2024
Entity File Number	000-55030
Entity Registrant Name	GREENWAY TECHNOLOGIES, INC.
Entity Central Index Key	0001572386
Entity Tax Identification Number	90-0893594
Entity Incorporation, State or Country Code	TX
Entity Address, Address Line One	1521 North Cooper Street
Entity Address, Address Line Two	Suite 205
Entity Address, City or Town	Arlington
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	76011
City Area Code	561
Local Phone Number	809-4644
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false

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