CW Petroleum Corp (OTCQB: CWPE) Shareholder Update 3/23/2026

Rhea-AI Summary

CW Petroleum Corp (OTCQB:CWPE) issued a shareholder update on March 23, 2026. Management said it filed a Form 1-U on March 4, 2026 to increase Authorized Shares to meet future investment and major-exchange listing requirements.

The company is in discussions about an up-listing to Nasdaq or NYSE, continues fuel sales amid the Iran war, and expects to file its 2025 Form 1-K by 4/30/2026; its 2025 audit is underway.

Katy, Texas, March 23, 2026 (GLOBE NEWSWIRE) -- CW Petroleum Corp (OTCQB: CWPE) (the “Company”), a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, today announces to its investors and future investors a shareholder update.

Management Commentary:

On March 4, 2026, the company submitted a Form 1-U for the Authorization of an increase in Authorized Shares. The Authorized Shares were raised to meet future investment criteria, comply with a major exchange's listing regulations, and satisfy the requirements an investment bank would impose on the company in conjunction with an uplist. The Company is currently in discussions with numerous potential investors and investment banks regarding an up-listing to Nasdaq or the NYSE. If an investment is made in the future, the company will disclose it with a Form 1-U.

Iran War:

The company continues to sell its Renewable and Hydrocarbon Motor Fuels to its customers despite higher fuel costs due to the current war in Iran. In the long term, this will result in higher gross revenues for the company, as commodity prices have risen significantly due to the ongoing war.

The Company’s 2025 Financial Audit is currently underway, and it will file its SEC Form 1-K (2025 Annual Report) by 4/30/2026.

Additional accurate information about the Company can be found on the OTC Markets website at the following links and on the EDGAR filing website provided by the Securities and Exchange Commission:

CWPE Overview
CWPE Security Detail
CWPE Financials
CWPE News
CWPE Disclosures
SEC Filings

For additional information, visit our website at cwpetroleumcorp.com, email: investor@cwpetroleumcorp.com , or call 281-817-8099

About CW Petroleum Corp

CW Petroleum Corp, a Texas corporation, began operations in 2011. CW Petroleum Corp, a Wyoming corporation, was incorporated in April 2018 and has acquired the Texas corporation as a wholly-owned subsidiary. CW Petroleum Corp supplies and distributes Biodiesel, Biodiesel Blends, Renewable Gasoline, and a 92 Octane Reformulated No Ethanol Gasoline to distributors, convenience stores, marinas, and end-users. The EPA licenses the Company to create its proprietary gasoline blends. CW Petroleum Corp is licensed to distribute Diesel Fuel & Gasoline by the States of Texas, Louisiana, Oklahoma, California, Colorado, New Jersey, Maryland, Pennsylvania, and Arizona.

Forward-Looking Statements

Certain statements in this press release may contain “forward-looking statements” regarding future events and our future results. All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the oil and gas markets, energy markets, and other markets in which we operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “endeavors,” “strives,” “may,” or variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that these forward-looking statements are subject to a number of risks, uncertainties, and assumptions that are difficult to predict, estimate, or verify. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in the Company’s most recent annual report on Form 1-K, which may be amended or supplemented by subsequent semiannual reports on Form 1-SA or other reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements. For more information, please refer to the Company’s filings with the Securities and Exchange Commission.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

FAQ

What did CW Petroleum (CWPE) file on March 4, 2026 regarding shares?

The company filed a Form 1-U to increase Authorized Shares on March 4, 2026. According to the company, the increase is intended to meet future investor criteria and satisfy major-exchange listing and investment bank requirements for a potential uplist.

Is CW Petroleum (CWPE) pursuing an up-list to Nasdaq or NYSE?

Yes, CW Petroleum is currently in discussions with investors and investment banks about up-listing to Nasdaq or the NYSE. According to the company, talks are ongoing and any investment will be disclosed with a Form 1-U if completed.

How is the Iran war affecting CW Petroleum's (CWPE) business and revenues?

The company reports continued fuel sales despite higher costs caused by the Iran war. According to the company, rising commodity prices have increased gross revenue prospects in the longer term while near-term costs are higher.

When will CW Petroleum (CWPE) file its 2025 Form 1-K with the SEC?

CW Petroleum expects to file its 2025 SEC Form 1-K by April 30, 2026. According to the company, the 2025 financial audit is currently underway to support that filing and disclosure timeline.

Will CW Petroleum (CWPE) disclose future investments related to an up-list?

Yes. The company said it will disclose any future investment with a Form 1-U. According to the company, disclosures will follow any investment or formal agreement tied to a potential up-listing.

Where can investors find additional CW Petroleum (CWPE) filings and disclosures?

Investors can find additional information on OTC Markets and the SEC EDGAR website. According to the company, links include CWPE overview, security detail, financials, news, disclosures, and SEC filings.