HNO International Announces Significant Reduction in Outstanding Shares
Key Ideas
  • HNO International, a leader in hydrogen-based clean energy technologies, has reduced its outstanding shares through a major exchange with Chairman and CEO Donald Owens.
  • The reduction from 360 million to 74 million shares aims to strengthen the company's position and enhance shareholder value as it transitions to a production environment.
  • HNO International focuses on developing green hydrogen-based energy technologies, such as the Scalable Hydrogen Energy Platform (SHEP™) and the Compact Hydrogen Refueling Station (CHRS™), to drive the renewable energy transition.
  • The company's forward-looking approach emphasizes innovation and accessibility in the renewable energy market, positioning HNO International as a key player in the green technology sector.
HNO International, Inc., a leading company in hydrogen-based clean energy technologies, recently announced a significant reduction in its outstanding shares of Common Stock. This reduction followed a return exchange of 360 million shares owned by Donald Owens, the Chairman of the Board of Directors and CEO, for newly designated Series B Convertible Preferred Stock. As a result of this exchange, the total number of outstanding Common Stock shares decreased to approximately 74 million, demonstrating the company's commitment to enhancing shareholder value. Donald Owens expressed his satisfaction with this share exchange, highlighting the company's transition from research and development (R&D) to a production environment as a key factor in achieving this milestone. He emphasized that this strategic move has positioned HNO International in a stronger place to bring high-quality products to the market while increasing shareholder value. HNO International is known for its specialization in designing, integrating, and developing green hydrogen-based energy technologies. With a wealth of experience in green hydrogen production spanning over 15 years, the company and its leadership team are dedicated to leading the renewable energy transition by offering energy solutions to businesses and communities globally. Their innovative solutions, including the Scalable Hydrogen Energy Platform (SHEP™) and the Compact Hydrogen Refueling Station (CHRS™), are revolutionizing green hydrogen production standards. The announcement also included forward-looking statements emphasizing the company's future plans and expectations. HNO International's focus on innovation, accessibility, and sustainability in the renewable energy sector underscores its commitment to driving positive change in the industry. This proactive approach positions the company as a key player in the green technology space, poised to make significant contributions to the renewable energy market.
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