BRIGHTON, Mich, Aug. 15, 2022 (GLOBE NEWSWIRE) — CGE Energy, Inc. (“CGE”, OTC: CGEI) is pleased to announce that it is proceeding with the next phase of its business plan, focusing upon accelerating the development and promotion of the world’s first self-powered macro cell tower system.
In order to emphasize this unique and revolutionary product, which was created by CGE’s wholly-owned subsidiary – Aradatum, Inc. – and to bring additional value to the Company, the CGE Board of Directors unanimously voted last week to take all actions necessary to effectuate the merger of CGE into a to-be-formed subsidiary of Aradatum.
Following the merger, each of CGE’s shareholders of record will hold an equivalent amount of Aradatum shares to the shares of CGE that they held at the time of the merger. CGE’s Board has conditioned their approval on the merger being made on a tax-free basis, and the merger will be brought before CGE’s shareholders for final approval at the Company’s shareholder meeting.
About CGE Energy, Inc.
CGE Energy, Inc. is a holding company with two wholly owned subsidiaries, Aradatum, Inc. and Clean Green Energy, Inc.
About Aradatum, Inc.
Aradatum is a technology company that created the world’s first self-powered macro cell tower that you can place literally anywhere. Aradatum creates the infrastructure to solve geographic and power challenges caused by the limited reach of next-generation wireless networks. The towers provide secure…
