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HyOrc Files SEC Form 10 in preparation for Nasdaq uplist
Globenewswire· 2025-09-22 13:27
Core Insights - HyOrc Corporation has filed a Form 10 registration statement with the U.S. SEC, marking a significant milestone in its capital markets strategy [1][2] - The transition to a fully reporting SEC issuer is expected to enhance transparency, increase investor access, and facilitate the company's migration from the OTCID Market to the OTCQB Venture Market [2][3] - The company aims for a long-term goal of meeting the listing requirements for the Nasdaq Capital Market [2] Company Developments - The filing is part of HyOrc's strategy to strengthen governance and transparency, thereby opening new opportunities for institutional and retail investors [3] - Recent strategic progress includes a joint venture in Portugal to launch a national green methanol platform, projected to generate approximately €3.2 billion in revenues over ten years [3] - The transition to fully reporting status is believed to support the company's ability to fund and scale its clean energy projects [3] Company Overview - HyOrc Corporation specializes in developing and commercializing advanced waste to methanol systems and hydrogen engines for various sectors [4] - The company is backed by a growing patent portfolio and ISO-certified operations, with a mission to decarbonize hard-to-abate sectors without relying on subsidies [4] - As of now, HyOrc has 737 million shares issued and outstanding, with 26.30 million shares at DTC [4]