Green Rain Energy Holdings, Inc. (OTC: GREH) Provides Strategic Corporate Update as Company Prioritizes Its Fully Funded EV Charging Expansion Across 29 Premier U.S. Hotels
Globenewswire·2025-12-09 13:15

Core Insights - Green Rain Energy Holdings, Inc. (GREH) is advancing its strategy to execute 29 fully funded EV charging projects across major U.S. travel corridors, positioning itself for long-term revenue growth and national expansion [1][2][12] Funding and Project Development - All 29 EV charging locations are fully funded through existing strategic partnerships, eliminating the need for additional debt financing [2][4] - The company is currently focused on the rapid construction and deployment of these revenue-generating assets, with active installations underway in New York [2][3] Management Strategy - The CEO emphasized the commitment to prioritize capital and resources on the fully funded EV sites to create immediate value for shareholders [3][12] - GREH has postponed its Regulation Crowdfunding offering for its subsidiary, Green Rain Development, as the existing project funding is deemed sufficient [3][4] Agreements and Audits - The Definitive Energy Purchase and Sales Agreement with Allied Energy Corporation has been postponed to July 1, 2026, to allow GREH to focus on its EV infrastructure rollout and complete necessary internal audits [5][6] - The company is preparing for a full financial audit and will appoint an external auditor to enhance transparency and readiness for expanded institutional partnerships [7][8] Shareholder Updates - GREH is in the process of distributing a special stock dividend, pending action from the DTCC, with no additional action required from shareholders [9][10] - The company aims to maintain shareholder value without additional dilution through its fully funded projects [4][12]