Cayman Islands catches alternative energy firm
(CNS): Catch the Wind Ltd a developer and manufacturer of the Vindicator(R) laser wind sensor and other wind sensing products has completed its corporate re-domestication to the Cayman Islands. Ata time when offshore companies are moving from Cayman the firm said it had chosen Cayman for the purpose of achieving greater flexibility in potential future financings. Catch the Wind firm said that the re-domestication was not completed for any tax-related reasons. The firm is a technology company headquartered in Manassas, Virginia, founded in 2008.
Catch the Wind serves the commercial market sector for laser based wind sensor systems, recognized as the "gold standard" in wind measurement. The company says it is focused on becoming a major contributor in making clean, renewable wind energy more affordable and profitable.
With the re-domestication the "s" designation on the Company’s existing trading symbol will be removed as of the opening of trading on 28 June 28. The Company’s common shares will trade under a new CUSIP number. The re-domestication was not completed for any tax-related reasons.
Registered shareholders will receive a Letter of Transmittal advising them as to how to exchange their certificates representing pre-re-domestication shares for certificates representing post-re-domestication shares of the Company if they wish to do so. Shareholders will not be required to obtain new share certificates to evidence the shares of the Company owned by them, but may do so if they wish. Each holder will be responsible for ensuring that any exchange of their existing shares complies with all applicable laws.
Full details of the Company’s re-domestication are available in the Company’s continuous disclosure materials located at www.sedar.com. For more information on the firm visit www.catchthewindinc.com.
Category: Business
