Bitech Technologies Corp. Files 8-K on Equity Sales & Officer Changes
Ticker: BESS-WT · Form: 8-K · Filed: Oct 17, 2024 · CIK: 1066764
| Field | Detail |
|---|---|
| Company | Bitech Technologies CORP (BESS-WT) |
| Form Type | 8-K |
| Filed Date | Oct 17, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $50 million, $300 million, $7,000, $10,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-sale, officer-changes, board-changes, filing
Related Tickers: BTTC
TL;DR
Bitech (BTTC) filed an 8-K detailing equity sales and board changes. Keep an eye on this.
AI Summary
Bitech Technologies Corp. filed an 8-K on October 17, 2024, reporting on unregistered sales of equity securities and changes in its board and officer compensation. The filing also covers other events and financial statements, with the earliest reported event date being October 15, 2024.
Why It Matters
This filing provides crucial updates on the company's financial activities, including equity sales, and significant personnel changes, which could impact investor confidence and future operations.
Risk Assessment
Risk Level: medium — Filings related to unregistered equity sales and changes in officers can indicate potential financial distress or strategic shifts that carry inherent risks.
Key Players & Entities
- Bitech Technologies Corp. (company) — Filer of the 8-K report
- October 15, 2024 (date) — Earliest event date reported
- October 17, 2024 (date) — Filing date of the 8-K
FAQ
What specific type of equity securities were sold in the unregistered sale?
The filing indicates 'Unregistered Sales of Equity Securities' as an item information, but the specific details of the securities sold are not provided in the provided text.
What were the reasons for the departure of directors or certain officers?
The filing lists 'Departure of Directors or Certain Officers' as an item, but the reasons for any such departures are not detailed in the provided text.
Were there any new directors or officers appointed?
The filing mentions 'Election of Directors; Appointment of Certain Officers,' indicating potential changes, but specific appointments are not detailed in the provided text.
What are the details of the compensatory arrangements for certain officers?
The filing notes 'Compensatory Arrangements of Certain Officers' as an item, but the specifics of these arrangements are not included in the provided text.
What is the nature of the 'Other Events' reported in the filing?
The filing lists 'Other Events' as a category, but the specific nature of these events is not elaborated upon in the provided text.
Filing Stats: 1,228 words · 5 min read · ~4 pages · Grade level 10.1 · Accepted 2024-10-17 17:26:33
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share BTTC OTC Markets Indica
- $50 million — or companies with revenues ranging from $50 million to $300 million and workforces of 225 t
- $300 million — th revenues ranging from $50 million to $300 million and workforces of 225 to 1,000+ employe
- $7,000 — reed to pay MZHCI a monthly cash fee of $7,000 pre-uplist and $10,000 post uplist to a
- $10,000 — nthly cash fee of $7,000 pre-uplist and $10,000 post uplist to a major U.S. exchange, s
- $0.08 — e exercise price of the Options will be $0.08 USD per share. The Options will expire
Filing Documents
- form8-k.htm (8-K) — 45KB
- 0001493152-24-041451.txt ( ) — 218KB
- bttc-20241015.xsd (EX-101.SCH) — 3KB
- bttc-20241015_lab.xml (EX-101.LAB) — 33KB
- bttc-20241015_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
(a) of Regulation S-K
Item 404(a) of Regulation S-K. Van H. Potter, 66, – Mr. Potter has served our board as an Independent Director since October 15, 2024.Mr. Potter has over 35 years of experience as an executive in technology companies with a focus on emerging growth companies, and competencies in business development, capital formation, and marketing/digital marketing. Mr. Potter is the Founder/CEO of Gainey Capital since 2022, Mr. Potter founded and was CEO of Certive Solutions Inc. (OTCQB:CTVEF) from to 2011-2023. Mr. Potter was CEO of InPlay Technologies (NASDAQ) (2008 - 2010) Mr. Potter was the VP of Business Development for Pixtronix, a Kleiner Perkins / Atlas Ventures VC backed startup (2005-2010). Mr. Potter was VP of Business Development at International DisplayWorks (NASDAQ), until it was acquired by Flextronics (NASDAQ). Mr. Potter was Senior Vice President at Three Five Systems (NYSE), prior to its sale to International DisplayWorks. Mr. Potter holds a Bachelor of Science Degree in Mechanical Engineering from Northeastern University in Boston, and an MBA from Arizona State University. The Company believes Mr. Potter's extensive experience in the management of businesses plus his public company experience render him well-qualified to serve as a member of the Company's Board of Directors. James L. Stock, CPA, MBA, 55 - Mr. Stock has served our board as an Independent Director since October 15, 2024. He is a highly experienced and strategic executive who has had a successful career spanning over 30 years. With a diverse background in both publicly traded, privately held, and family-owned businesses, he has served as a Chief Financial Officer for companies with revenues ranging from $50 million to $300 million and workforces of 225 to 1,000+ employees. His industry experience includes financial services, auto hauling, retail, construction, manufacturing, and digital marketing and advertising. Mr. Stock's expertise lies in various aspects of accounting and finance as well a
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 17, 2024 BITECH TECHNOLOGIES CORPORATION By: /s/ Benjamin Tran Name: Benjamin Tran Title: Chief Executive Officer