Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

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

New tool allows scientists to visualize 'nanoscale' processes May 4th, 2016

FEI Launches Apreo Industry-Leading Versatile, High-Performance SEM: The Apreo SEM provides high-resolution surface information with excellent contrast, and the flexibility to accommodate a large range of samples, applications and conditions May 4th, 2016

Little ANTs: Researchers build the world's tiniest engine May 3rd, 2016

An Experiment Seeks to Make Quantum Physics Visible to the Naked Eye May 3rd, 2016

Investments/IPO's/Splits

ORIG3N Added to Companies Presenting at Harris & Harris Group's Annual Meeting, Tuesday June 7, 2016, the New York Genome Center April 27th, 2016

Aspen Aerogels to Present at the 28th Annual ROTH Conference March 14th, 2016

Harris & Harris Group Announces Formation of Co-Investment Fund for Accredited Investors March 9th, 2016

Arrowhead to Present at Upcoming March Conferences March 1st, 2016

Announcements

New tool allows scientists to visualize 'nanoscale' processes May 4th, 2016

FEI Launches Apreo Industry-Leading Versatile, High-Performance SEM: The Apreo SEM provides high-resolution surface information with excellent contrast, and the flexibility to accommodate a large range of samples, applications and conditions May 4th, 2016

Nuclear pores captured on film: Using an ultra fast-scanning atomic force microscope, researchers from the University of Basel have filmed 'living' nuclear pore complexes at work for the first time May 3rd, 2016

Little ANTs: Researchers build the world's tiniest engine May 3rd, 2016

Energy

Nanoparticles present sustainable way to grow food crops May 1st, 2016

NREL finds nanotube semiconductors well-suited for PV systems April 27th, 2016

Researchers create artificial protein to control assembly of buckyballs April 27th, 2016

Flipping a chemical switch helps perovskite solar cells beat the heat April 26th, 2016

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

New spin Seebeck thermoelectric device with higher conversion efficiency created April 26th, 2016

Highlights from the Graphene Flagship April 22nd, 2016

Adding some salt to the recipe for energy storage materials: Researchers use common table salt as growth template April 22nd, 2016

Cleaning up hybrid battery electrodes improves capacity and lifespan: New way of building supercapacitor-battery electrodes eliminates interference from inactive components April 22nd, 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







Car Brands
Buy website traffic