XcelPlus International (OTC Pink: XLPI) has successfully filed its 2020 annual report with the OTC Markets Group, removing the 'stop sign' from its OTC listing and ensuring compliance with FINRA Rule 15c2-11. This timely filing allows for limited information to display on its stock listing. The company is currently updating its quarterly financial statements and plans to enhance disclosure through an auditing process. Moreover, XcelPlus is pursuing patent applications to protect new inventions related to its Cool Plasma gasification technology, positioning itself as a significant player in the waste-to-energy sector.
XcelPlus International Inc. (OTC Pink: XLPI) has successfully secured $1,050,000 in seed round funding, aimed at restructuring the company, acquiring intellectual property, and advancing the development of its plasma gasifier reactor.
CEO Charles Robinson expressed optimism about future funding and the company’s potential to lead in the plasma gasification industry. Additionally, Ford Seeman has been appointed to the Board, contributing vast experience in environmentally focused business practices.
XcelPlus International (OTC Pink: XLPI) announced a 1-for-100 reverse stock split, effective July 26, 2021. While the Financial Industry Regulatory Authority (FINRA) processed the split, it did not provide approval or disapproval, highlighting that compliance with regulatory requirements is not ensured. CEO Charles Robinson urged shareholders to remain patient during this transition, emphasizing the company’s commitment to adding value and transparency. Upcoming unaudited financial statements will be posted on their website.
XcelPlus International Inc. (OTC PINK: XLPI) has announced a 1-for-100 reverse stock split effective July 26, 2021. This move is part of a recapitalization strategy to enhance the company's ability to acquire new technologies and intellectual property, aligning with its Energy That Cleans initiative. CEO Charles Robinson emphasized that this recapitalization will position XcelPlus as a leader in the waste-to-energy sector, anticipating significant announcements regarding their Cool Plasma technology in the near future.