Tribal Rides International Corp. Positions Itself at the Forefront of the Green Hydrogen Economy Through Strategic Actions
Key Ideas
  • Tribal Rides International Corp. has divested its intellectual property to Boumarang, Inc., securing a $5 million equity stake, and acquired Singta Inc. entirely for 400,000,000 shares, focusing on advancing green hydrogen solutions.
  • Joseph Grimes, Sanjay Prasad, and Steven Ritacco have resigned from their positions, with Adam Clode taking over as the new CEO, and Candice Beaumont and John McMullen joining the board, signaling a commitment to sustainable energy leadership.
  • Adam Clode, the new CEO, brings extensive experience in resource projects globally, while Candice Beaumont and John McMullen add valuable expertise in investment management and financial leadership, respectively.
  • These strategic decisions demonstrate Tribal Rides International Corp.'s dedication to sustainable energy solutions and its vision to lead the transition to a carbon-neutral future through its focus on the green hydrogen economy.
Tribal Rides International Corp., based in Mission Viejo, California, has announced significant strategic transitions aimed at establishing the company as a key player in the green hydrogen economy. The company has completed the divestiture of its intellectual property to Boumarang, Inc., specializing in hydrogen-powered drones, in exchange for a $5 million equity stake. Additionally, Tribal Rides acquired Singta Inc., a prominent player in hydrogen solutions, by issuing 400,000,000 restricted common shares. These actions align with the company's goal of advancing sustainable energy solutions and driving the transition to a carbon-neutral future. In parallel, leadership changes have taken place, with Joseph Grimes, Sanjay Prasad, and Steven Ritacco resigning from their positions, and new appointments including Adam Clode as the new CEO, Candice Beaumont joining the Board of Directors, and John McMullen as a Director and Singta Inc.'s interim CEO. Adam Clode's diverse industry experience, Candice Beaumont's investment expertise, and John McMullen's financial leadership are set to bolster Tribal Rides' position in the sustainable energy sector. These strategic moves underline the company's dedication to leading the shift towards a greener future through its focus on the green hydrogen economy.
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