Correlate Energy CORP
Market Movers (8-K)
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Correlate Energy Corp. has announced the resignation of its CEO, Todd Michaels, effective October 4, 2024, with Flaviu Forgaciu appointed as the new CEO.
Delay expected
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Correlate Energy Corp. has appointed four new directors, including a new Chairman, following the resignation of five board members.
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Correlate Energy Corp. has announced the resignation of its CFO and the appointment of an interim replacement, effective July 8, 2024.
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8-K: Correlate Energy Corp. Secures $600,000 Bridge Loan and Converts $7.9 Million in Debt to Equity
Correlate Energy Corp. has entered into a bridge loan agreement for $600,000 and converted approximately $7.9 million of debt into equity, issuing new preferred and common stock.
Worse than expected
Capital raise
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Correlate Energy Corp has entered into a bridge loan agreement with Clearview Funding Group, securing $800,000 with a repayment obligation of $1,080,000 over 48 weeks.
Worse than expected
Quarterly Earnings (10-Q)
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Correlate Energy Corp. experienced a significant increase in revenue during the third quarter of 2024, but also faced a substantial net loss due to increased operating and other expenses.
Worse than expected
Capital raise
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Correlate Energy Corp. reported a net loss of $22.2 million for the second quarter of 2024, driven by decreased revenue and a significant loss on debt conversion.
Worse than expected
Capital raise
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Correlate Energy Corp. saw a significant increase in revenue during the first quarter of 2024, but also experienced a widening net loss due to increased operating and other expenses.
Worse than expected
Capital raise
Annual Reports (10-K)
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Correlate Energy Corp. reports a significant increase in revenue for 2023, driven by expansion in EPC and consulting services, but also notes substantial net losses and concerns about its ability to continue as a going concern.
Capital raise
Worse than expected
Insider Trading (Form 4)
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Todd Robert Michaels, President and CEO of Correlate Energy Corp., reports acquisition of common stock and Series A Preferred Stock through debt conversion.
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Form 4: Correlate Energy Corp. Insider Cory Hunt Acquires Shares and Preferred Stock Through Debt Conversion
Director and 10% owner Cory Gerald Hunt reports acquisition of common stock and Series A Preferred Stock in Correlate Energy Corp. through debt conversion.
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Form 4: Correlate Energy Corp. Director Michaels Reports Acquisition of Convertible Note and Warrants
Todd Robert Michaels, President and CEO and Director of Correlate Energy Corp., reports the acquisition of a convertible promissory note and warrants.
Capital raise
New Public Companies (S-1)
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Correlate Energy Corp. aims to raise capital through a public offering of units to fund project development, working capital, and general corporate purposes.
Capital raise
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Correlate Energy Corp. has filed an amendment to its registration statement for a proposed public offering of units, pre-funded units, and underlying common stock and warrants, contingent upon NYSE listing.
Worse than expected
Capital raise
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Correlate Energy Corp. has filed an amendment to its registration statement for a proposed public offering of units and pre-funded units, aiming to list its common stock on the NYSE.
Capital raise