Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Ener1 Takes Final Steps for new Exchange Listing

Abstract:
Ener1, Inc. (OTC Bulletin Board: ENEI), a leading alternative energy company, announced today that it had completed the application process for listing its common stock on the American Stock Exchange (AMEX). AMEX has advised Ener1 that it meets all of the listing requirements at this time, except for share price. Final approval by AMEX of the pending listing application is contingent upon the company being in compliance with all applicable listing standards on the date trading would begin on the Exchange.

Ener1 Takes Final Steps for new Exchange Listing

FORT LAUDERDALE, FL | Posted on April 14th, 2008

In order to meet the minimum of $3.00 per share, the company has approved a 1-for-7 reverse split of its common stock. After effecting the reverse split, Ener1's common shares outstanding will be 98,815,957 and the authorized shares will be 135,714,285. The record date for the split will be April 24, 2008.

Shareholders who hold their shares in brokerage accounts or "street name" will not be required to take any action to effect the exchange. Shareholders who own shares in their name can find instructions on how to transfer shares at the company's Web site (www.ener1.com).

"Listing on the AMEX will be a major achievement for Ener1, fulfilling the goal we set last year of increasing the liquidity of our common stock for our shareholders," commented Ener1 Chairman Charles Gassenheimer. "We believe that this exchange listing will increase our exposure to a new and broader base of institutional investors and help us increase shareholder value."

####

About Ener1, Inc.
Ener1, Inc. (BULLETIN BOARD: ENEI) is leading the North American development and commercialization of advanced, high-performance safe lithium ion (Li-ion) batteries for hybrid electric vehicles (HEVs), Plug-in HEVs (PHEVs) and Electric Vehicles (EVs). Ener1 also is developing commercial fuel cell products through its EnerFuel subsidiary and nanotechnology-based materials and manufacturing processes for batteries and other applications at its NanoEner subsidiary. For more information, visit www.ener1.com or call 954-556-4020.

About The American Stock Exchange

The American Stock Exchange (R) (Amex (R)) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 345 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com.

For more information, please click here

Contacts:
Michael Mason (investor relations)
Allen & Caron Inc
212 691 8087


Jerry Herlihy (Ener1)
954 556-4020 x310

Copyright © PR Newswire Association LLC.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Strength of hair inspires new materials for body armor January 18th, 2017

Self-assembling particles brighten future of LED lighting January 18th, 2017

Dressing a metal in various colors: DGIST research developed a technology to coat metal with several nanometers of semiconducting materials January 17th, 2017

Nanoparticle exposure can awaken dormant viruses in the lungs January 17th, 2017

Investments/IPO's/Splits

Harris & Harris Group Issues Reminder for Shareholder Update Call on January 10, 2017 January 10th, 2017

Arrowhead Provides Response to New Minority Shareholder Announcement January 7th, 2017

Harris & Harris Group Announces a Proposed Strategic Restructuring December 20th, 2016

Harris & Harris Group Issues Letter to Shareholders and Information for Shareholder Call on Tuesday, November 15, 2016 November 14th, 2016

Announcements

Strength of hair inspires new materials for body armor January 18th, 2017

Self-assembling particles brighten future of LED lighting January 18th, 2017

Dressing a metal in various colors: DGIST research developed a technology to coat metal with several nanometers of semiconducting materials January 17th, 2017

Nanoparticle exposure can awaken dormant viruses in the lungs January 17th, 2017

Energy

Dressing a metal in various colors: DGIST research developed a technology to coat metal with several nanometers of semiconducting materials January 17th, 2017

Stability challenge in perovskite solar cell technology: New research reveals intrinsic instability issues of iodine-containing perovskite solar cells December 26th, 2016

Nanoscale 'conversations' create complex, multi-layered structures: New technique leverages controlled interactions across surfaces to create self-assembled materials with unprecedented complexity December 22nd, 2016

Safe and inexpensive hydrogen production as a future energy source: Osaka University researchers develop efficient 'green' hydrogen production system that operates at room temperature in air December 21st, 2016

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

Nanoscale view of energy storage January 16th, 2017

One step closer to reality: Devices that convert heat into electricity: Composite material yields 10 times -- or higher -- voltage output January 4th, 2017

STMicroelectronics Peps Up Booming Social-Fitness Scene with Smart Motion Sensors for Better Accuracy, Longer Battery Life, and Faster Time to Market January 2nd, 2017

Researchers produced nitrogen doped bimodal cellular structure activated carbon December 29th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project