CVW CleanTech Announces Results of Key AGM Voting Items
CVW CleanTech (OTCQX: CVWFF) announced key shareholder approvals from its annual general and special meeting. Shareholders voted in favor of three significant changes: reclassification from a "technology issuer" to an "investment issuer", a name change to "CVW Sustainable Royalties Inc.", and the adoption of a 10% rolling equity incentive plan.
The industry classification change, which has received final TSX Venture Exchange approval, aims to provide greater flexibility in structuring investments and streamline regulatory approvals for future transactions. This change supports the company's royalty diversification strategy but is not connected to any specific transaction or financing.
CVW CleanTech (OTCQX: CVWFF) ha annunciato l'approvazione da parte degli azionisti chiave durante l'assemblea generale annuale e straordinaria. Gli azionisti hanno votato a favore di tre modifiche importanti: la riclassificazione da "emittente tecnologica" a "emittente di investimenti", il cambio di nome in "CVW Sustainable Royalties Inc." e l'adozione di un piano di incentivi azionari rotativo del 10%.
Il cambiamento nella classificazione industriale, già approvato definitivamente dalla TSX Venture Exchange, mira a offrire maggiore flessibilità nella strutturazione degli investimenti e a semplificare le approvazioni normative per future operazioni. Questa modifica supporta la strategia di diversificazione delle royalty dell'azienda, ma non è collegata a nessuna transazione o finanziamento specifico.
CVW CleanTech (OTCQX: CVWFF) anunció la aprobación clave de los accionistas en su junta general anual y extraordinaria. Los accionistas votaron a favor de tres cambios importantes: la reclasificación de "emisor tecnológico" a "emisor de inversiones", el cambio de nombre a "CVW Sustainable Royalties Inc." y la adopción de un plan de incentivos accionarios rodante del 10%.
El cambio en la clasificación industrial, que ha recibido la aprobación final de la TSX Venture Exchange, busca brindar mayor flexibilidad en la estructuración de inversiones y agilizar las aprobaciones regulatorias para futuras transacciones. Este cambio apoya la estrategia de diversificación de regalías de la empresa, pero no está relacionado con ninguna transacción o financiamiento específico.
CVW CleanTech (OTCQX: CVWFF)는 연례 총회 및 특별 총회에서 주요 주주들의 승인을 받았다고 발표했습니다. 주주들은 세 가지 중요한 변경 사항에 찬성표를 던졌습니다: "기술 발행자"에서 "투자 발행자"로의 재분류, "CVW Sustainable Royalties Inc."로의 사명 변경, 그리고 10% 순환 주식 인센티브 계획 도입입니다.
산업 분류 변경은 TSX 벤처 거래소의 최종 승인을 받았으며, 이는 투자 구조화에 더 큰 유연성을 제공하고 향후 거래에 대한 규제 승인 절차를 간소화하는 것을 목표로 합니다. 이 변경은 회사의 로열티 다각화 전략을 지원하지만, 특정 거래나 자금 조달과는 관련이 없습니다.
CVW CleanTech (OTCQX: CVWFF) a annoncé l'approbation clé des actionnaires lors de son assemblée générale annuelle et extraordinaire. Les actionnaires ont voté en faveur de trois changements majeurs : la reclassification de "émetteur technologique" à "émetteur d'investissement", le changement de nom en "CVW Sustainable Royalties Inc." et l'adoption d'un plan d'incitation en actions roulant de 10%.
Le changement de classification industrielle, qui a reçu l'approbation finale de la TSX Venture Exchange, vise à offrir une plus grande flexibilité dans la structuration des investissements et à simplifier les approbations réglementaires pour les transactions futures. Ce changement soutient la stratégie de diversification des redevances de l'entreprise, mais n'est lié à aucune transaction ou financement spécifique.
CVW CleanTech (OTCQX: CVWFF) gab wichtige Aktionärszustimmungen aus seiner jährlichen Haupt- und Sonderversammlung bekannt. Die Aktionäre stimmten drei bedeutenden Änderungen zu: der Umklassifizierung von einem "Technologieemittenten" zu einem "Investmentemittenten", der Namensänderung zu "CVW Sustainable Royalties Inc." und der Einführung eines 10% rollierenden Aktienanreizplans.
Die Änderung der Branchenklassifikation, die die endgültige Genehmigung der TSX Venture Exchange erhalten hat, soll mehr Flexibilität bei der Strukturierung von Investitionen bieten und die behördlichen Genehmigungen für zukünftige Transaktionen vereinfachen. Diese Änderung unterstützt die Strategie des Unternehmens zur Diversifizierung von Lizenzgebühren, steht jedoch in keinem Zusammenhang mit einer spezifischen Transaktion oder Finanzierung.
- Received shareholder and TSX Venture Exchange approval for transition to investment issuer status
- Industry classification change will provide more flexibility in structuring investments
- Strategic rebranding aligns with royalty diversification strategy
- None.
Calgary, Alberta--(Newsfile Corp. - July 2, 2025) - CVW CleanTech Inc. (TSXV: CVW) (OTCQX: CVWFF) (FSE: TMD0) (the "Company" or "CVW CleanTech") is pleased to announce that shareholders of the Company (the "Shareholders") voted in favour of all items of business brought before them at the Company's annual general and special meeting (the "Meeting"), including the Industry Classification Change, Name Change, and the Equity Incentive Plan (as those terms are defined below). These resolutions are further discussed in the Management Information Circular dated May 14, 2025 (the "Circular"), and the Company's press release dated May 27, 2025.
Industry Classification Change
CVW CleanTech received Shareholder approval for its previously announced intention to update its listing status from a "technology issuer" to an "investment issuer" (the "Industry Classification Change") pursuant to the policies of the TSX Venture Exchange (the "Exchange"). The Company can confirm that it has received final approval from the Exchange on the Industry Classification Change.
The Industry Classification Change will provide the Company with additional flexibility in structuring investments and streamline regulatory approvals for future transactions. The Industry Classification Change is not being conducted in connection with a transaction or financing, and instead is intended to support the Company's royalty diversification strategy moving forward.
Name Change
At the Meeting, Shareholders also approved a resolution authorizing the Company to amend its articles to change its legal name to "CVW Sustainable Royalties Inc." (the "Name Change"). The Company's board of directors has approved the Name Change, and it is expected that the Name Change will be effective in short-order. The Company's ticker symbol on the Exchange will remain unchanged.
Equity Incentive Plan
The Shareholders approved the adoption of the Company's proposed
Further disclosure on the matters approved at the Meeting can be found in the Management Information Circular dated May 14, 2025, available on the Company's SEDAR+ at www.sedarplus.ca.
Completion of the Name Change is subject to final Exchange approval. The Exchange has in no way passed upon the merits of the Industry Classification Change or the Name Change and has neither approved nor disapproved the contents of this news release.
About CVW CleanTech Inc.
CVW CleanTech is a sustainable royalty platform that invests in innovative technologies which provide returns linked to commodities and which operate in a sustainable manner to help accelerate the world's transition to net zero. CVW CleanTech is building a portfolio of royalty-based cash flow streams by partnering with clean technology innovators in the commodity space. CVW CleanTech is also the
Additional information on CVW™ can be found within the Company's Process and Technology Overview which is accessible using the link below:
https://cvwtechnology.com/technology/process-and-technology-overview/
CVW CleanTech trades on the TSX Venture Exchange under the symbol "CVW", on the OTCQX under "CVWFF", and on the Frankfurt Stock Exchange under the symbol "TMD0".
Disclosure regarding forward-looking information
This news release contains forward-looking statements and information within the meaning of applicable Canadian securities laws (collectively, "forward-looking information") that reflect the current expectations of management about the future results, performance, achievements, prospects, or opportunities for CVW CleanTech.
Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. The forward-looking statements may include statements regarding the ability of the Company to make strategic investments and identify opportunities, that the Company will effectively identify and undertake future corporate transactions, the receipt of shareholder and Exchange approval to proceed with the Classification Change, the anticipated benefits of the adoption and commercialization of CVW™ technology, the chemical, material, financial, economic, operational, environmental and any other anticipated results of the adoption thereof, potential diversification strategies and the implementation and results thereof, expectations regarding future development, funding (including necessity, sources, and expected structure of the same) and contracted work, expectations as to the timeline on which any goals of the Company will be met, expectations regarding the key economic and policy drivers supporting the adoption of CVW CleanTech's technology, expectations regarding synergies or alignments between the business of the Company and any other organization, CVW CleanTech's research and development and commercialization plans, the advantages of the Company's technology, the Company's ongoing engagement with stakeholders, including business development activities, the development of networks with strategic partners, potential financing opportunities, including grant and financing opportunities from applicable government programs and non-governmental organizations, and entering into funding agreements related thereto, any expected next steps for the Company, timelines, strategic plans, and the scope of any activities that will be undertaken. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company may differ materially from those reflected in forward-looking statements due to a variety of risks, uncertainties and other factors. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. Important factors that could cause actual results to differ materially from the Company's expectations include: uncertainties involved in disputes and litigation, fluctuations in interest rates, commodity prices and currency exchange rates; changes in the availability, and cost, of technical labour required for the success of the Company's products and services; price escalation and/or inflationary pressures affecting the cost of equipment and material required to commercialize the same; the uncertainty of estimates of capital and operating costs; the need to obtain additional financing and uncertainty as to the availability and terms of future financing; the impact on the Company of increasing inflation; any change in government policy, programs, and funding opportunities, whether provincial, national, or international which could negatively affect the Company, and any failure of the same to continue to evolve in accordance with Company's expectations; any change in capital or commodity markets, whether generally or particularly in the clean technology sector, which could cause or compel the Company to adjust its goals, reallocate capital, and/or pursue alternative financing options; and other risks and uncertainties disclosed in other information released by the Company from time to time and filed with the appropriate regulatory agencies.
All forward looking statements are based on the Company's beliefs and assumptions which are based on information available at the time these assumptions are made. The Company has made the following assumptions in relation to the forward-looking statements in this press release: the expected environmental and economic benefits to be achieved from CVW™ technology; the ability of the Company to successfully access various government funding programs; the details of government funding programs and that such programs will be implemented (and not change) as expected; that the Company will continue to be able to protect its intellectual property; assumptions as to various market and commercial opportunities for the Company and its technology; and the ability of the Company to continue to develop and commercialize its technology; that market conditions will not change adversely so as to prevent the closing of the Classification Change on the terms previously described or at all. The forward-looking statements contained herein are as of the date set out above and are subject to change after this date, and the Company assumes no obligation to publicly update or revise the statements to reflect new events or circumstances, except as may be required pursuant to applicable laws.
Although management believes that the expectations represented by such forward-looking information or statements are reasonable, there is significant risk that the forward-looking information or statements may not be achieved, and the underlying assumptions thereto will not prove to be accurate. Actual results or events could differ materially from the plans, intentions and expectations expressed or implied in any forward-looking information or statements, including the underlying assumptions thereto, as a result of numerous risks, uncertainties and factors including: failure to obtain regulatory approvals; the possibility that opportunities will arise that require more cash than the Company has or can reasonably obtain; dependence on key personnel; dependence on corporate collaborations; potential delays; uncertainties related to early stage of technology and product development; uncertainties as to fluctuation of the stock market; uncertainties as to future expense levels and the possibility of unanticipated costs or expenses or cost overruns; and other risks and uncertainties which may not be described herein.
For further information, please contact:
Akshay Dubey
CEO
403.460.8135
Akshay.Dubey@CVWCleanTech.com
Joshua Grant
CFO
403.460.8135
Joshua.Grant@CVWCleanTech.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257527
FAQ
What changes did shareholders approve at CVW CleanTech's (CVWFF) 2025 AGM?
Why is CVW CleanTech (CVWFF) changing its industry classification?
What will CVW CleanTech's new name be after the 2025 AGM approval?
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What is the new equity incentive plan approved at CVW CleanTech's 2025 AGM?
