Green Rain Energy Holdings (OTCID: $GREH) Files 8-K to Extend Cut-Off Date For Special Common Stock Dividend Issuance
Rhea-AI Summary
Green Rain Energy Holdings (OTCID: GREH) has filed an 8-K to extend the cutoff date for a previously approved special stock dividend. The distribution will provide shareholders with one share of restricted common stock for every 100 shares held as of the record date of November 15, 2025, subject to FINRA approval.
The distribution will be rounded up to the nearest whole share for fractional shares and is expected to qualify as tax-free for U.S. federal income tax purposes. No shareholder action is required to receive the dividend, which remains subject to customary conditions expected to be met by the distribution date.
Positive
- Special stock dividend offering 1:100 ratio to existing shareholders
- Tax-free distribution for U.S. federal income tax purposes
- No shareholder action required for dividend receipt
Negative
- Dividend distribution still pending FINRA approval
- Significant dilution with 1:100 stock dividend ratio
News Market Reaction
On the day this news was published, GREH declined 7.33%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
BEVERLY HILLS, CA, NY / ACCESS Newswire / October 1, 2025 / Green Rain Energy Holdings (OTCID:$GREH), an emerging ESCO company in the clean tech space, has filed an 8-K this morning, October 1st, 2025 to extend the cutoff date for the board-approved special dividend issuance.
The 8-K filing can be found here: https://www.otcmarkets.com/filing/html?id=18813237&guid=meZ-k6XpGGTMdth
The dividend was previously approved as a special stock dividend (the "Distribution") to Green Rain Energy Holdings stockholders, entitling them to one share of restricted common stock for every 100 shares of common stock they presently own. The board has authorized a stock dividend of one share (1) of the Company's restricted stock, par value
As previously reported, no fractional shares of common stock will be distributed. Instead, Green Rain Energy stockholders will receive a number rounded to the next highest number. The Distribution is intended to qualify as tax-free to Green Rain Energy Shareholders for U.S. federal income tax purposes.
No vote or action is required by Green Rain Energy stockholders in order to receive the Distribution, which is subject to certain customary conditions, which conditions are expected to be satisfied on or before the distribution date.
About Green Rain Energy Holdings Inc. (OTCID:GREH)
Green Rain Energy Holdings Inc. is a renewable energy company focused on developing and deploying sustainable power solutions across North America. Through its subsidiaries and partnerships, the company is working to revolutionize clean energy infrastructure, from solar generation to EV charging networks, with a mission to drive environmental responsibility and create lasting shareholder value.
For more information, visit: https://greenrainenergy.com/
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Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. This includes the possibility that the business outlined in this press release may not be concluded due to unforeseen technical, installation, permitting, or other challenges. Such forward-looking statements involve risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of Green Rain Energy Holdings to differ materially from those expressed herein. Except as required under U.S. federal securities laws, Green Rain Energy Holdings undertakes no obligation to publicly update any forward-looking statements as a result of new information, future events, or otherwise.
For press inquiries, please contact:
Michael Cimino
Michael@pubcopr.com
SOURCE: Green Rain Energy Holdings Inc.
View the original press release on ACCESS Newswire
FAQ
What is the GREH special stock dividend ratio and record date?
Do GREH shareholders need to take any action to receive the special dividend?
Is the GREH special stock dividend taxable?
How will GREH handle fractional shares in the special dividend?
What approvals are still needed for the GREH special dividend?
