CoroWare Announces Settlement Agreement with YA Global Investments
July 22 2021 - 8:00AM
InvestorsHub NewsWire
Woodinville,
WA -- July 22, 2021 -- InvestorsHub NewsWire
-- CoroWare
Inc. (OTC:COWI)
announces that it has entered into a Mutual Release and Settlement
Agreement with YA Global Investments, L.P. (“YA Global”), an
alternative investment manager and provider of specialty financing
solutions, based in New Jersey.
“Reaching a final settlement with YA Global is a critically
important step that will greatly help CoroWare attract new
investors,” said Lloyd Spencer, chairman and CEO of CoroWare.
“Through this agreement, CoroWare is furthering its plan to produce
economically sustainable hydrogen and high-value carbon products
and increase long-term shareholder value.”
CoroWare is adjusting its business model to address the global need
for efficient, sustainable waste management solutions. The Company
will use proven technologies to process organic waste into hydrogen
and high-value carbon products for customers in the automotive,
aviation, medical and construction industries, as well as supply
its Carbon Nanotubes (CNTs) for the next-generation of clean energy
transportation.
Under the terms of the Mutual Release and Settlement Agreement,
signed July 21, 2021, YA Global shall extinguish $5,192,491.50 of
principal and accrued interest and release all claims against
CoroWare in exchange for an aggregate of 2,250,000,000 shares of
CoroWare’s common stock that may be issued using one or more
conversion notices.
About
CoroWare Inc.
CoroWare Inc.
(OTC:
COWI), headquartered in Woodinville, Washington, is in the
early stage of transitioning into a resource reclamation company
that will process organic wastes and generate economically
sustainable hydrogen and high-value carbon products.
For more information,
please visit www.CoroWare.com.
Forward-Looking
Statement
This press release
may contain certain forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as
amended. The ability of the Company to complete and file its
Fiscal Year 2016 annual report on Form 10K relies on third parties
to complete their activities. Investors are cautioned that
such forward-looking statements involve risks and uncertainties,
which include among others, the inherent uncertainties associated
with smaller reporting companies, including without limitation,
other risks detailed from time to time in the Company's periodic
reports filed with the Securities and Exchange
Commission.
CONTACT INFORMATION
Mark Duiker
CoroWare Investor Relations
(844) 641-2676, option 3
Investor@CoroWare.com
Carbonmeta Technologies (PK) (USOTC:COWI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Carbonmeta Technologies (PK) (USOTC:COWI)
Historical Stock Chart
From Apr 2023 to Apr 2024