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Waste Energy Settles Debt with Share Issuance

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Waste Energy Settles Debt with Share Issuance

The latest announcement is out from Waste Energy ( (WAST) ).

On March 17, 2025, Waste Energy Company issued 10,000,000 shares of its restricted common stock to a non-U.S. trust, raising $50,000 USD. This issuance was made under exemptions from registration provided by the Securities Act of 1933. Additionally, on March 21, 2025, the company agreed to issue 15,000,000 shares to settle a debt of $112,500 USD with an entity controlled by Scott Gallagher, the Chairman, CEO, and President of the company. This transaction was considered a related party transaction under MI 61-101, as it involved issuing shares to settle debt owed for services rendered.

More about Waste Energy

YTD Price Performance: 10.0%

Average Trading Volume: 1,069,993

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $1.12M

See more data about WAST stock on TipRanks’ Stock Analysis page.

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