Latest news with #OTCQBVentureMarket
Yahoo
4 days ago
- Automotive
- Yahoo
Thunder Power Holdings, Inc. Provides Updates
AIEV Received Approval to Trade on the OTCQB Venture Market effective June 5, 2025 WILMINGTON, Del., June 6, 2025 /PRNewswire/ -- Thunder Power Holdings, Inc. (OTCQB: AIEV) ("Thunder Power" or the "Company"), a technology innovator and developer of premium passenger Electric Vehicles ("EVs") whose acquisition strategy is focused on addressing strategic gaps in the EV sector with a diversified approach across the clean energy value chain, today provided listing and operational updates. Highlights AIEV received its approval to trade on the OTCQB Venture Market effective June 5, 2025. AIEV received formal notification from the U.S. Securities and Exchange Commission's (SEC) Division of Corporation Finance, Office of Manufacturing, confirming the completion of the SEC's review of the Company's Revised Preliminary Proxy Statement on Schedule 14A, filed on May 29, 2025. AIEV plans to hold its Annual Meeting of Stockholders soon to approve the proposed issuance of shares pursuant to the Share Exchange Agreement with certain shareholders of Electric Power Technology Limited ("TW Company"), a Taiwan corporation traded on the Taipei Exchange under the code 4529. Stockholders will also vote on a proposal to affect a "reverse stock split," a strategic action intended to attract a wider range of institutional and retail investors, improve stock liquidity, and provide greater flexibility to support Thunder Power's growth strategy and capital-raising initiatives. Christopher Nicoll, Chief Executive Officer, commented, "Our recent receipt of the approval for the trading on the OTCQB Venture Market marks a pivotal step in Thunder Power's evolution, enabling us to expend our reach and deepen our collaboration with Electric Power Technology. At the same time, we are pleased to announce that we can now set the date for our Annual Meeting of Stockholders to approve the Share Exchange Agreement with certain stockholders of Electric Power Technology Limited. This strategic partnership opens up new opportunities across the electric vehicle value chain, allowing us to leverage our complementary strengths for mutual growth. In today's challenging market environment, the resilience and adaptability of our team have been key, and this new trading platform will help us broaden our investor base and strengthen our capital position. We are energized by the possibilities ahead and remain committed to building lasting value for our stockholders and partners as we pursue our vision for a smarter, cleaner mobility future." The Company also announced that its common shares began trading on the OTC Markets Group Inc.'s OTCQB Venture Market (the "OTCQB") under the ticker "AIEV" effective as of the open of trading on June 5, 2025. The OTCQB is recognized by the SEC as an established public market and requires companies to be current in financial reporting, undergo annual verification, and meet management certification standards. This uplisting supports Thunder Power's ongoing efforts execute its growth strategy across the clean energy value chain. Mr. Nicoll, added, "The proposed reverse stock split is a strategic initiative which aims to enhance the Company's visibility and appeal to a broader base of institutional and retail investors, improve liquidity, and strengthen its capital structure. This move is intended to position Thunder Power for accelerated growth, facilitate access to additional sources of capital, and support its long-term objective. The Board of Directors believes that the reverse stock split, if approved by stockholders, will provide greater flexibility to pursue strategic opportunities and partnerships as Thunder Power advances its ambitious business plan." Investors can find real-time quotes and market information on Thunder Power Holdings, Inc. at Share Exchange Transaction with Electric Power Technology Limited At the Annual Shareholders' Meeting, shareholders of the Company will vote on the proposed issuance of Common Stock pursuant to a Share Exchange Agreement. Under the Share Exchange Agreement, as amended, the Company will acquire approximately 30.8% of TW Company's total issued and outstanding shares in exchange for newly issued shares of Thunder Power common stock. . On March 4, 2025, TW Company announced that it entered into equity trading agreements with shareholders of Laiyang Solar Energy Co. (Laiyang) and Jinlaiyang Solar Energy Co. (Jinlaiyang) for the purchase of 4.4 megawatts generation capacity, which are expected to provide additional solar energy exposure for both TW Company and Thunder Power. Solar generation in Taiwan represented 5% of the electricity market in 2024. The Taiwanese government has set a target for 15% of the island's electricity to come from renewable energy sources by 2025. Solar is forecasted to grow to 35% of total installed generation capacity by 2035. TW Company is listed on the Taipei Exchange under the code 4529. Approval of this proposal will allow Thunder Power to acquire significant strategic assets and expand its footprint in the renewable energy sector. If approved by stockholders, the transaction is expected to enhance Thunder Power's access to advanced technologies and manufacturing capabilities in Taiwan, supporting its long-term growth and global expansion strategy. By issuing additional shares as part of this transaction, the Company will strengthen its capital base, accelerate its growth initiatives, and position itself to capitalize on emerging opportunities in both the electric vehicle and clean energy markets. The Board believes this issuance is essential for executing Thunder Power's long-term strategy and delivering sustainable value to its shareholders. The Company will continue to evaluate and pursue significant strategic transactions to strengthen its platform and expand its international footprint. Additionally, the Company continues to pursue partnerships and capital market initiatives to provide Thunder Power with greater financial flexibility as it moves toward commercialization of its clean energy strategy. About Thunder Power Holdings, Inc. Thunder Power is a technology innovator and a developer of innovative electric vehicles ("EVs"). The Company has developed several proprietary technologies, which are the building blocks of the Thunder Power family of EVs. The Company is focused on design and development of high performance EVs, targeting markets initially in Asia & Europe. Thunder Power's acquisition strategy is focused on addressing strategic gaps in the EV sector combined with a diversified approach across the clean energy value chain. For more information, please visit: Contact: AIEV Investor RelationsAIEV@ Forward-Looking Statements This press release contains certain statements that may include "forward-looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminologies such as "believes," "expects" or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results or outcomes could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including but not limited to, (i) operational risks, such as the Company's ability to successfully execute on its business plan, its ability to complete the acquisition of Electric Power Technology Limited; its ability to receive stockholder approval to issue its common stock in relation to the Share Exchange Agreement; its ability to successfully acquire assets on terms that are favorable to the Company; its ability to integrate acquired assets effectively; and its ability to adapt operations in response to accidents, extreme weather events, natural disasters, and related economic effects; (ii) regulatory and compliance risks, such as the impact of new or amended governmental laws and regulations, including tariffs, clean energy policies, and environmental standards; changes in tax laws or tax-related matters; its ability to receive a successful audit outcome under Generally Accepted Accounting Standards; and its ability to maintain its listing on the OTCQB Venture Market; (iii) financial risks, such as the Company's liquidity position and ability to obtain additional financing, if necessary; foreign currency exchange rate fluctuations; interest rate volatility; the Company's current pre-revenue status and uncertainties surrounding its ability to generate revenue in the future, including potential delays in product development, market acceptance, or achieving profitability; (iv) market and industry risks, such as fluctuations in consumer acceptance and demand for electric vehicles; competition within the EV sector; the Company's ability to integrate solar power technology into its products as part of clean energy innovation initiatives; fluctuations in the availability and cost of raw materials critical for EV production; and advancements in battery technology or alternative energy solutions that may impact market dynamics, and (v) such known factors as are detailed in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the Securities and Exchange Commission, and in other reports filed by the Company with the Securities and Exchange Commission from time to time and available on the SEC's website ( All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors and those reported in the Company's filings with the Securities and Exchange Commission. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements, except as required by applicable laws, regulations or rules. View original content: SOURCE Thunder Power Holdings, Inc. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
West Australian
5 days ago
- Business
- West Australian
Dateline debuts on OTCQB market in US push for rare earth spotlight
ASX-listed Dateline Resources has been cleared for take-off in the United States, after it secured approval to upgrade its US listing to the OTCQB Venture Market as American interest heats up in its flagship Colosseum rare earths and gold project in California. From today, the company's shares will trade under the ticker DTREF. The OTCQB Venture Market is an uplist for Dateline from the more speculative over-the-counter Pink Open Market. The upgrade means American investors can trade the stock in local currency during US market hours. Notably, the move won't saddle Dateline with any new compliance burdens, as its ASX reporting standards already meet OTCQB requirements under US foreign issuer exemptions. The OTC market now lists more than 12,400 companies in total - a 30 per cent jump in the past seven years - offering everything from global giants to speculative startups on one platform. The market is divided into three tiers, each with its own standards and scrutiny. At the top sits the OTCQX, home to about 400 blue-chip companies from regions including Europe, Canada and Brazil. These firms must meet high financial standards, have independent governance, host annual shareholder meetings and undergo strict audits. The OTCQB Venture Market sits on the next rung down and has about 900 early-stage companies trading on it. While not yet eligible for OTCQX or major exchanges, OTCQB companies must still meet minimum bid prices, maintain current financial reporting and pass annual verification. The Pink Open Market is the broadest and least regulated tier and hosts more than 11,000 listings, including distressed firms and those not current in their filings. Management says the OTCQB listing is a perfect fit for Dateline's push to grow its North American investor base and tap into surging US interest in the company and the rare earths sector in general. With its shares now easier to trade, more liquid and far more visible, the company is putting itself front and centre in a market rapidly waking up to the urgency of securing its own rare earths supply. US policymakers are laser-focused on securing supply chains for rare earths, deeming the metals as critical ingredients in defence systems, clean energy and high-tech manufacturing. This urgent policy rethink has come at a time when China - the world's largest producer – has imposed export restrictions to protect its own supply. Dateline's improved listing credentials come hot on the heels of a surprise endorsement from US President Donald Trump, who drew national attention to the Colosseum project via a Truth Social post in April. Trump described the mine as 'America's second rare earths mine' and celebrated its long-awaited permitting progress, thrusting Dateline into the spotlight. Colosseum lies in the heart of California's famed Walker Lane Trend and is just 10 kilometres up the road from the legendary Mountain Pass rare earths mine. Mount a in Pass exploded onto the global stage in 1952, producing rare earths at jaw-dropping grades of 7 per cent total rare earth elements. By the 1960s, it was a world powerhouse for rare earth supply and fed the booming tech and defence industries for decades. Notably, geological studies and gravity surveys suggest Colosseum could share the same mineralising pulse and host rocks as its storied neighbour, providing a tantalising clue that Colosseum could be sitting on the same rare earths motherlode as Mountain Pass. Dateline is now racing to identify mantle-derived rocks associated with rare earth-rich carbonatites - the geological signature underpins Mountain Pass. Aside from the rare earth potential, Colosseum is already proving its worth as a gold play. It has a JORC-compliant resource of 27.1 million tonnes grading 1.26 grams per tonne gold for 1.1 million ounces. The resource contains a hefty 67 per cent in the measured and indicated categories. A scoping study tabled in October last year, which was recently updated to take higher prevailing gold prices into account, delivered a whopping net present value of US$550M (A$846M) for the gold project using a US$2900 (A$4461) per ounce gold price and a discount rate of 6.5 per cent. Annual production is tipped to come in at 75,000 ounces over an 8.3-year mine life at an all-in sustaining cost of US$1490 (A$2292) per ounce. Total capital expenditure for the mine is forecast to max out at $195M (A$300M) and it should pay for itself in just over three years. Dateline now has a fully funded bankable feasibility in the works, with the company suggesting the project could be shovel-ready and pouring gold shortly after completion. Since the study sits entirely within Dateline's existing mining rights and already approved operational plan, the company won't be bogged down in red tape, paving the way for a fast-track restart and a rapid return to gold production. Adding fuel to the fire, Dateline has uncovered a string of new breccia pipes up to a kilometre south of its Colosseum mine, which appear to line up perfectly with the existing breccia pipe system. The discovery points to a sequence of satellite intrusions that could be feeding a much larger gold-rich network beneath the surface, fanning out like the fingers of an upturned hand and hinting at serious upside still to come. With Dateline now stepping onto the global stage through an upgraded US capital markets listing and with the Trump spotlight still shining on Colosseum, the timing could hardly be better. Is your ASX-listed company doing something interesting? Contact:
The Age
5 days ago
- Business
- The Age
Dateline debuts on OTCQB market in US push for rare earth spotlight
ASX-listed Dateline Resources has been cleared for take-off in the United States, after it secured approval to upgrade its US listing to the OTCQB Venture Market as American interest heats up in its flagship Colosseum rare earths and gold project in California. From today, the company's shares will trade under the ticker DTREF. The OTCQB Venture Market is an uplist for Dateline from the more speculative over-the-counter Pink Open Market. The upgrade means American investors can trade the stock in local currency during US market hours. Notably, the move won't saddle Dateline with any new compliance burdens, as its ASX reporting standards already meet OTCQB requirements under US foreign issuer exemptions. The OTC market now lists more than 12,400 companies in total - a 30 per cent jump in the past seven years - offering everything from global giants to speculative startups on one platform. The market is divided into three tiers, each with its own standards and scrutiny. At the top sits the OTCQX, home to about 400 blue-chip companies from regions including Europe, Canada and Brazil. These firms must meet high financial standards, have independent governance, host annual shareholder meetings and undergo strict audits. The OTCQB Venture Market sits on the next rung down and has about 900 early-stage companies trading on it. While not yet eligible for OTCQX or major exchanges, OTCQB companies must still meet minimum bid prices, maintain current financial reporting and pass annual verification. The Pink Open Market is the broadest and least regulated tier and hosts more than 11,000 listings, including distressed firms and those not current in their filings. Management says the OTCQB listing is a perfect fit for Dateline's push to grow its North American investor base and tap into surging US interest in the company and the rare earths sector in general. With its shares now easier to trade, more liquid and far more visible, the company is putting itself front and centre in a market rapidly waking up to the urgency of securing its own rare earths supply.
Sydney Morning Herald
5 days ago
- Business
- Sydney Morning Herald
Dateline debuts on OTCQB market in US push for rare earth spotlight
ASX-listed Dateline Resources has been cleared for take-off in the United States, after it secured approval to upgrade its US listing to the OTCQB Venture Market as American interest heats up in its flagship Colosseum rare earths and gold project in California. From today, the company's shares will trade under the ticker DTREF. The OTCQB Venture Market is an uplist for Dateline from the more speculative over-the-counter Pink Open Market. The upgrade means American investors can trade the stock in local currency during US market hours. Notably, the move won't saddle Dateline with any new compliance burdens, as its ASX reporting standards already meet OTCQB requirements under US foreign issuer exemptions. The OTC market now lists more than 12,400 companies in total - a 30 per cent jump in the past seven years - offering everything from global giants to speculative startups on one platform. The market is divided into three tiers, each with its own standards and scrutiny. At the top sits the OTCQX, home to about 400 blue-chip companies from regions including Europe, Canada and Brazil. These firms must meet high financial standards, have independent governance, host annual shareholder meetings and undergo strict audits. The OTCQB Venture Market sits on the next rung down and has about 900 early-stage companies trading on it. While not yet eligible for OTCQX or major exchanges, OTCQB companies must still meet minimum bid prices, maintain current financial reporting and pass annual verification. The Pink Open Market is the broadest and least regulated tier and hosts more than 11,000 listings, including distressed firms and those not current in their filings. Management says the OTCQB listing is a perfect fit for Dateline's push to grow its North American investor base and tap into surging US interest in the company and the rare earths sector in general. With its shares now easier to trade, more liquid and far more visible, the company is putting itself front and centre in a market rapidly waking up to the urgency of securing its own rare earths supply.
Business Insider
31-05-2025
- Business
- Business Insider
ContextLogic to commence trading on OTC markets, delist from Nasdaq
ContextLogic (LOGC) announced its intention to voluntarily delist from The Nasdaq Global Market at the close of markets on June 2, 2025 and to begin trading on the OTCQB Venture Market of the OTC Markets on June 3, 2025. The company is pleased to announce that the company has been accepted for listing on the OTCQB Venture Market of the OTC Markets and that the company's Class A Common Stock will commence trading on the OTC Markets on Tuesday, June 3, 2025 under the ticker symbol 'LOGC'. Shareholders will not be required to exchange their share certificates or take any other action in connection with the OTC Markets listing as there will be no change in the trading symbol or CUSIP for the Common Stock. The company also announces that as a result of its listing on the OTC Markets, it intends to voluntarily delist its Common Stock from The Nasdaq Global Market and file a Form 25 with the U.S. SEC on or about June 9, 2025. As a result, the company anticipates that the delisting of its Common Stock from Nasdaq will become effective 10 days after the filing, unless otherwise directed by Nasdaq. Confident Investing Starts Here:
