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

Research Study: MetaSOLTM Shatters Solar Panel Efficiency Forecasts with Innovative New Coating: Coating Provides 1.2 Percent Absolute Enhancement to Triple Junction Solar Cells December 2nd, 2016

Deep insights from surface reactions: Researchers use Stampede supercomputer to study new chemical sensing methods, desalination and bacterial energy production December 2nd, 2016

Quantum obstacle course changes material from superconductor to insulator December 1st, 2016

Throwing new light on printed organic solar cells December 1st, 2016

Investments/IPO's/Splits

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

Harris & Harris Group Issues Business Update and Reports Financial Statements as of September 30, 2016 November 9th, 2016

Forge Nano raises $20 million in Series A Funding: Nano coating technology innovator Forge Nano will use funding to expand manufacturing capacity and grow Lithium-Ion battery opportunities November 3rd, 2016

Harris & Harris Group Notes Announcements by Its Portfolio Companies During the Third Quarter of 2016 September 30th, 2016

Announcements

Research Study: MetaSOLTM Shatters Solar Panel Efficiency Forecasts with Innovative New Coating: Coating Provides 1.2 Percent Absolute Enhancement to Triple Junction Solar Cells December 2nd, 2016

Deep insights from surface reactions: Researchers use Stampede supercomputer to study new chemical sensing methods, desalination and bacterial energy production December 2nd, 2016

Quantum obstacle course changes material from superconductor to insulator December 1st, 2016

Throwing new light on printed organic solar cells December 1st, 2016

Energy

Research Study: MetaSOLTM Shatters Solar Panel Efficiency Forecasts with Innovative New Coating: Coating Provides 1.2 Percent Absolute Enhancement to Triple Junction Solar Cells December 2nd, 2016

Deep insights from surface reactions: Researchers use Stampede supercomputer to study new chemical sensing methods, desalination and bacterial energy production December 2nd, 2016

Throwing new light on printed organic solar cells December 1st, 2016

Physics, photosynthesis and solar cells: Researchers combine quantum physics and photosynthesis to make discovery that could lead to highly efficient, green solar cells November 30th, 2016

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

A Phone That Charges in Seconds? UCF Scientists Bring it Closer to Reality November 21st, 2016

'Back to the Future' inspires solar nanotech-powered clothing November 15th, 2016

Vesper a Finalist for Two ACE Awards: Ultimate Products and Innovator of the Year -- Industry’s first piezoelectric MEMS microphone and Vesper CTO Bobby Littrell recognized for prestigious electronics-industry awards November 10th, 2016

Engineers develop new magnetic ink to print self-healing devices that heal in record time November 7th, 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