Tecogen Announces Uplist to NYSE American Stock Exchange
Rhea-AI Summary
Tecogen has achieved a significant milestone with its approval to uplist from the OTCQX Best Market to the NYSE American stock exchange. The clean energy products manufacturer will maintain its current trading symbol "TGEN" when it begins trading on the NYSE American on May 6th, 2025.
The company will continue trading on the OTCQX until market close on May 5th, 2025. Current stockholders are not required to take any action regarding this transition. CEO Abinand Rangesh highlighted that this uplisting is expected to provide three key benefits:
- Enhanced visibility in the market
- Expanded investor base
- Improved share liquidity for current and future stockholders
Positive
- Uplisting from OTCQX to NYSE American exchange, providing access to larger investor base
- Expected increase in stock liquidity for shareholders
- Enhanced market visibility through major exchange listing
- No action required from current shareholders for the transition
Negative
- Continued compliance with NYSE American rules required to maintain listing
NORTH BILLERICA, MA / ACCESS Newswire / April 30, 2025 / Tecogen Inc. (OTCQX:TGEN) ("Tecogen or "Company"), a leading manufacturer of clean energy products, today announced that its shares of common stock have been approved for listing on the NYSE American LLC ("NYSE American") stock exchange. The Company's common stock will begin trading on the NYSE American under its current symbol, "TGEN" at the open of trading on or about May 6th, 2025, subject to continued compliance with the exchange rules.
The Company's shares will continue to trade on the OTC Markets' OTCQX Best Market until the close of the market on or about May 5th, 2025. Stockholders of the Company do not need to take any action prior to the listing of the Company's shares on the NYSE American.
"Uplisting to the NYSE American marks a significant milestone for Tecogen," said Abinand Rangesh, CEO of Tecogen. "We expect the uplisting will provide enhanced visibility and expand our investor base, while also enhancing liquidity for our shares for both current and future stockholders."
About Tecogen
Tecogen designs, manufactures, sells, installs, and maintains high efficiency, ultra-clean, cogeneration products including engine-driven combined heat and power, air conditioning systems, and high-efficiency water heaters for residential, commercial, recreational and industrial use. The company provides cost effective, environmentally friendly and reliable products for energy production that nearly eliminate criteria pollutants and significantly reduce a customer's carbon footprint. In business for over 35 years, Tecogen has shipped more than 3,200 units, supported by an established network of engineering, sales, and service personnel in key markets in North America. For more information, please visit www.tecogen.com or contact us for a free Site Assessment.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 and other federal securities laws that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "project," "target," "potential," "will," "should," "seek," "could," "likely," "may," "pro forma," "anticipate," "continue," or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. All statements, other than statements of historical fact included in this press release regarding our strategy, future operations, future financial position, future revenues, projected costs, prospects and plans and objectives of management are forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements.
In addition to those factors described in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and in our Form 8-K, under "Risk Factors," among the factors that could cause actual results to differ materially from past and projected future results are the following: fluctuations in demand for our products and services, competing technological developments, issues relating to research and development, the availability of incentives, rebates, and tax benefits relating to our products and services, changes in the regulatory environment relating to our products and services, integration of acquired business operations, and the ability to obtain financing on favorable terms to fund existing operations and anticipated growth.
Tecogen Media & Investor Relations Contact Information:
Abinand Rangesh, CEO
P: 781-466-6487
E: Abinand.Rangesh@tecogen.com
SOURCE: Tecogen, Inc.
View the original press release on ACCESS Newswire
FAQ
When will Tecogen (TGEN) start trading on NYSE American?
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What are the benefits of Tecogen's uplisting to NYSE American?
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