On March 30, 2023, Energy 1 Corp. (OTC: EGOC) announced the completion of a reverse stock split, approved by FINRA. Following this split, the total number of shares outstanding is now 52,410,857, aimed at optimizing the shareholder base and preparing for a potential transfer to another exchange. The reverse split has increased the stock price proportionally and reduced transaction costs, promoting active trading and enhancing liquidity.
Looking ahead, the company plans to introduce high-quality business entities, engage in modern agriculture, biotechnology, and sustainable energy projects globally, particularly in Xinjing. The firm is focused on utilizing advanced technology to offer eco-friendly products, aiming for a significant milestone in advancing its business and shareholder returns.
Energy 1 Corp. (OTC: EGOC) announced a 1-for-250 reverse stock split on December 30, 2022, approved by its board of directors. This move will reduce the issued and outstanding shares from approximately 13.1 billion to about 52.4 million. The company has applied to FINRA for the split, which aims to optimize the shareholder base without altering controlling shareholders. EGOC envisions becoming a key player in the modern agricultural health industry, leveraging its technology for health management services and preparing for a larger market listing.
Energy 1 Corp. (OTC: EGOC) announced its acquisition of PB International Enterprise Limited on July 26, 2022. This strategic move aims to establish EGOC as a global strategic center in the Asia-Pacific region.
The acquisition is expected to enhance EGOC’s operational efficiency while allowing it to focus on advantageous industries. By integrating high-quality assets, EGOC anticipates reduced costs and improved investor recognition. Future plans include deep involvement in the health industry, modern agriculture, and e-commerce platforms, targeting comprehensive service ecosystems and supporting the national strategy of 'Healthy China'.
Shanghai Yicheng Culture Communication Co., Ltd has acquired 100% of Energy 1 Corporation (EGOC), effective July 13, 2021. Mr. Liu Yicheng has been appointed chairman of the board, alongside Mr. Cao Yilin and Mr. Zhang Jinyuan as directors. The acquisition aims to integrate their operations and enhance corporate governance. Mr. Cao highlighted a merger of his e-commerce platform, TaoLinDi, with Shanghai e-Cheng, targeting an inclusive and innovative business strategy. This transition is expected to elevate EGOC within the U.S. capital market while expanding its global business in health and smart retail sectors.