PowerTap Provides Corporate Update
 | |||||||||
VANCOUVER, British Columbia and Aliso Viejo, California, May 10, 2024 (TheNewswire) PowerTap Hydrogen Capital Corp. (NEO: MOVE) (FWB: 2K6) (OTC: MOTNF) (“PowerTap” or the “Company” or “MOVE”), advises that pursuant to the Company’s ongoing non-compliance with the continuous listing requirements of CBOE Canada Inc. (the “Exchange”) and the continuing cease trade order (“FFCTO”) issued by the British Columbia Securities Commission (the “BCSC”) on December 12, 2023, the Company's common shares will be delisted from the Exchange at the close of trading on Monday, May 13, 2024.
The Company has filed a cease trade revocation with the BCSC and has received a first comment letter which it will respond to. The Company will continue to work diligently towards revoking the outstanding FFCTO with the BCSC, following which the Company intends to seek listing on another Canadian stock exchange.
The Company will provide Shareholders with an update on the status of the FFCTO as and when material updates become available.
ABOUT POWERTAP HYDROGEN CAPITAL CORP.
PowerTap Hydrogen Capital Corp., through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp. (“PowerTap”), is focused on installing hydrogen production and dispensing fueling infrastructure in the United States. PowerTap’s patented solution has been developed over 20 years. PowerTap is now commercializing its third-generation blue hydrogen product that will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure.
PowerTap Hydrogen common shares are listed on CBOE Canada Inc. Please visit the Company's profile at https://www.neo.inc/en/live/security-activity/MOVE#!/market-depth
PowerTap Contact:
Raghu Kilambi raghu@hydrogenfueling.co
+1 (949) 284-7060
NEITHER CBOE CANADA INC. NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Notice Regarding Forward Looking Information: This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the delisting of the Company’s common shares from Cbeo Canada Inc., the Company’s ability to resolve the outstanding cease trade order, the Company’s ability to list its common shares on the Canadian Securities Exchange, the hydrogen extraction market and the general economy, the Company’s business plans and strategy, including anticipated capital deployments and the timing thereof, and the Company’s ability to raise sufficient capital to funds its business plan.
Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur or be achieved. Forward-looking information is based on current expectations, estimates and projections that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking information contained in this press release.
Although the Company believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance.
The forward-looking information contained in this release is expressly qualified by the foregoing cautionary statements and is made as of the date of this release. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise