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Wall Township, NJ, June 21, 2023 (GLOBE NEWSWIRE) -- Wall Township, NJ, June 21, 2023 (Globe Newswire) – Coates International, Ltd. and Advanced Hydrogen Power, Ltd. are doing a private placement offering (to accredited investors only). Under section 4(A)(2), formerly section 4(2) and rule 506 of regulation D, promulgated under the securities act of 1933, as stock, par value $100 per share (the “securities” or “shares”) for the purchase price of $100 per share. The minimum individual investment is $50,000.00, although the company reserves the right to accept subscriptions for lessor amounts. This offering will terminate on the earlier of (a) date of the companies in their sole discretion, elects to terminate, (b) the date upon which all shares have been sold subject to an increase to the size of the offering, or (c) December 31, 2023, unless extended by the companies for up to an additional 90 days (the “offering period”). The companies also reserve the right to increase the size of the offering. The companies have large signed orders amounting to $7,125,000.00 for their Hydrogen (H2) products and have two license commitments, one for $100,000,000.00 USD and the other for $25,000,000.00 USD. These are manufacturing licenses in different countries and territories.
Interested investors or groups may contact the company for further information or to make arrangements to visit the headquarters call 732-449-7717 or email info@coatesengine.com.
Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Please see our filings with the Securities and Exchange Commission. Our public filings with the SEC may be viewed and printed on the website maintained by the SEC at: http://www.sec.gov.
Coates International, Ltd. engages in the design and development technologies that evolve the standard combustion engine. The company's patent, Coates Spherical Rotary Valve system technology is designed to operate in piston-driven internal combustion engines of many types. Its technology and applications appeal to number of different geographic and product markets, including automobiles, light trucks, heavy trucks, machinery, railroads, marine engines, military equipment, light aircraft, helicopters, lawn mowers, snowmobiles, and jet skis. The company was founded by George J. Coates on December 22, 1987 and is headquartered in Wall Township, NJ.
