Financing ·
Waste Energy Corp.'s Board approved unregistered equity issuances totaling 28,500,000 restricted common shares
WASTWaste Energy Corp.
Waste Energy Corp.'s Board approved unregistered equity issuances totaling 28,500,000 restricted common shares. This includes a 15,000,000-share award to 221 Cap LLC under an Executive Consulting and Management Services Agreement with Chairman Scott Gallagher, effective September 1, 2026. The agreement mandates a $240,000 annual fee plus performance bonuses ranging from $50,000 to $200,000 based on revenue thresholds. Additionally, the Board approved converting $37,500 of Gallagher's accrued compensation and $30,000 of Director W. Scott McBride's compensation into 7,500,000 and 6,000,000 shares respectively at $0.005 per share. The Board also proposed increasing authorized common stock from 400 million to 1.6 billion shares via written consent. Waste Energy Corp. operates in the waste energy recovery sector.