General Enterprise Ventures Inc Stock Price, News & Analysis

General Enterprise Ventures (OTC: GEVI) has appointed Wes Bolsen as its new Chief Executive Officer, with former CEO Ted Ralston transitioning to Chairman of the Board. Bolsen brings over 20 years of experience in high-growth companies and wildfire protection technology, having previously co-founded and led LaderaTech before its successful sale to Perimeter Solutions.

Bolsen's appointment aims to accelerate the adoption of CitroTech by MFB, the company's EPA-listed wildfire prevention product line. His experience includes leading Perimeter Solutions through its $2 billion public listing. The company has expressed plans to uplist to a national stock exchange and is pursuing strategic partnerships in the wood products and insurance sectors.

General Enterprise Ventures (OTCID:GEVI) has successfully closed a Series C Preferred Stock financing, raising $6.3 million in gross proceeds. The financing included significant insider participation, with shares priced at $15.00 per share, convertible into 3.333 shares of common stock.

Investors received 50% warrant coverage with warrants exercisable at $6.00 per share. The company plans to use the proceeds for growth initiatives, operational expansion, and pursuing new market opportunities. GEVI also aims to uplist to a major national stock exchange to enhance its market presence.

General Enterprise Ventures (OTCID:GEVI) has announced a 1-for-6 reverse stock split of its common stock, effective August 27, 2025. The split will reduce outstanding shares from 87,550,981 to approximately 14,592,205.

The company's stock will temporarily trade under the symbol GEVID for 20 business days starting August 28, 2025, before reverting to GEVI. The strategic move aims to meet national securities exchange listing requirements and enhance visibility among institutional investors.

The reverse split will not affect stockholders' percentage ownership, with fractional shares rounded up to the nearest whole number. Proportional adjustments will be made to equity awards, warrants, and other convertible securities.

General Enterprise Ventures (OTCID:GEVI) announced that its subsidiary Mighty Fire Breaker (MFB) has formed a strategic partnership with WOWS Insurance to address the growing wildfire protection challenges. The collaboration combines MFB's EPA-certified fire-retardant technology with WOWS' comprehensive fire hardening and mitigation solutions.

The partnership aims to enhance wildfire resilience and expand access to affordable insurance coverage for high-risk properties, particularly targeting over 3 million affected homes in California. MFB's solution offers ember attack protection without continuous water use, remaining effective until naturally washed away by rain.

General Enterprise Ventures (OTC:GEVI) has appointed Andrew Hotsko as Chief Operating Officer of its subsidiary Mighty Fire Breaker (MFB), effective immediately. Hotsko, a former Regional President at Canopy Service Partners and U.S. Marine Corps veteran, will lead MFB's operational expansion in wildfire defense systems.

Hotsko brings significant experience from his roles in technology investment banking at Bank of America and as founder of Recovery Box. He holds degrees from the U.S. Naval Academy and Wharton School. Additionally, MFB has strengthened its leadership team by adding new Directors of Sales and Corporate Communications to support the company's expansion in high-risk wildfire regions.

General Enterprise Ventures (OTC PINK:GEVI) announced a strategic partnership between its subsidiary Mighty Fire Breaker (MFB) and Global Fire Rescue to deploy MFB's CitroTech wildfire protection technology in Canada. The agreement involves transitioning from traditional firefighting foams to MFB's non-toxic, EPA Safer Choice Certified MFB-31 CitroTech solution. The partnership launches with an initial 5,000-gallon CitroTech shipment in June to support ongoing wildfire mitigation in Canada. Global Fire Rescue's CEO Eugene Wells recently visited California to review CitroTech's capabilities, demonstrating both companies' commitment to sustainable wildfire protection solutions. The partnership aims to address Canada's increasingly severe wildfire seasons with environmentally responsible technology.

General Enterprise Ventures (OTC Pink:GEVI) subsidiary Mighty Fire Breaker (MFB) is showcasing its CitroTech Fire Chemistry for fire risk reduction in new home construction. The company is demonstrating the technology on three homes in Pacific Beach, San Diego County.

MFB is hosting a demonstration in Reno, NV on March 26th, featuring CitroTech, the only EPA-approved wildfire defense substance in America. The event will address Senate Bill 1764 (Western Wildfire Act) goals and local fire safety concerns. On March 27th, MFB will train General Contractors in San Diego on implementing CitroTech fire defense systems.

The MFB Risk Reduction Program combines interior wood structure protection with a remotely activated CitroTech Wildfire Defense System, aiming to reduce fire insurance premiums and ease building permit processes in WUI regions. This initiative comes amid California's insurance crisis, where 13% of real estate transactions were canceled due to insurance issues, double from the previous year.

Mighty Fire Breaker (MFB), a subsidiary of General Enterprise Ventures (OTC PINK:GEVI), has launched its CitroTech Certified General Contractor (GC) Program to address wildfire threats across Western States and Hawaii. The program requires GCs to be licensed and insured before training to sell and implement CitroTech fire defense solutions.

CitroTech is highlighted as the only fire chemistry certified by the EPA Safer Choice Product Program, distinguishing itself from competitors who make unsubstantiated safety claims. MFB emphasizes full transparency of CitroTech's constituents, unlike other manufacturers who hide behind 'trade secrets'.

The program, which began in San Diego, aims to support high inquiry volumes since the January 7th Los Angeles fires. MFB suggests their Wildfire Defense Systems could encourage insurance companies to re-enter markets and offer better rates than the California Fair Plan to homeowners who invest in their risk reduction systems.

General Enterprise Ventures (OTC PINK:GEVI) and its subsidiary Mighty Fire Breaker, an EPA Safer Choice fire retardant company, announced a partnership with The American Red Cross for the opening race of the 2025 NASCAR season. The collaboration will be featured on Rick Ware Racing's #51 Cup Series Ford Mustang Dark Horse during the Cook Out Clash at Bowman Gray in Winston-Salem, North Carolina, broadcasting live on Fox on February 2nd, 2025.

The partnership aims to showcase Mighty Fire Breaker's fire inhibitor technologies while supporting The Red Cross's fundraising efforts through co-branding on the race car, national television broadcast, and social media awareness campaigns. The event will help promote both Mighty Fire Breaker's safety solutions and the humanitarian work of The American Red Cross.