22 Mar 2023securities registration● Neutral
HNO International, Inc. filed a Regulation A offering statement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 Aug 2019listing compliance notice▼ BadMajor
HNO International, Inc. suspended its duty to file periodic reports with the SEC.
21 Sept 2011quarterly activities report▼ Bad
HNO International, Inc. reported a quarterly net loss of $616 thousand for the period ended 2011-07-31.
20 Sept 2011quarterly activities report▼ Bad
HNO International, Inc. reported a quarterly net loss of $616 thousand for the period ended 2011-07-31.
14 Sept 2011late filing notice▼ Bad
HNO International, Inc. notified the SEC that its quarterly report would be filed late.
12 Sept 2011asset acquisition disposition▼ BadMajor
Restructured its African and Southeast Asian operations around a joint venture with Futenco AG, giving up majority control of its Ghana subsidiary (down to 40%, Futenco 57%) in exchange for project financing commitments the company acknowledged had not yet been funded, while simultaneously overhauling its board and losing its India country director — a defensive restructuring under real strain, not a straightforward growth deal.
14 June 2011late filing notice▼ Bad
HNO International, Inc. notified the SEC that its quarterly report would be filed late.
1 June 2011capital raising announcement▼ BadMajor
Borrowed $300,000 from TCA Global Credit Master Fund at 10% interest plus a 7.5% commitment fee and other charges, netting only $277,950 against a $331,500 repayment obligation due within six months — another expensive short-term facility.
18 Mar 2011late filing notice▼ Bad
HNO International, Inc. notified the SEC that its quarterly report would be filed late.
1 Feb 2011late filing notice▼ Bad
HNO International, Inc. notified the SEC that its annual report would be filed late.
21 Sept 2010quarterly activities report▼ Bad
HNO International, Inc. reported a quarterly net loss of $6.7 million for the period ended 2010-07-31.
15 Sept 2010late filing notice▼ Bad
HNO International, Inc. notified the SEC that its quarterly report would be filed late.
11 Aug 2010capital raising announcement● Neutral
Borrowed roughly $607,000 in two convertible promissory notes from Rootchange, an entity whose assets Clenergen UK had earlier acquired for stock.
24 June 2010material agreement▲ GoodMajor
Agreed to acquire an existing 18MW biomass power plant near Chennai, India, projected to generate about $15 million in annual revenue and $3 million in annual surplus cash at an 80% load factor — a major scale-up from the 1.5MW India plant bought weeks earlier.
15 June 2010late filing notice▼ Bad
HNO International, Inc. notified the SEC that its quarterly report would be filed late.
8 June 2010asset acquisition disposition▲ GoodMajor
Acquired United Bio Fuels Private Limited, owner of a 1.5MW biomass power plant in Salem, Tamil Nadu, India, for about $1.76 million — mostly used to retire the plant's debt to India's government renewable-energy lender — giving the company its first operating power asset.
18 May 2010capital raising announcement▼ BadMajor
Borrowed $250,000 from Vastani Trading Limited at 24% annual interest with a 3-month maturity and warrants struck at a 30% discount to market, plus escalating penalty warrants for every month the note went unpaid past maturity — expensive, high-risk short-term financing.
18 Mar 2010late filing notice▼ Bad
HNO International, Inc. notified the SEC that its quarterly report would be filed late.
1 Feb 2010late filing notice▼ Bad
HNO International, Inc. notified the SEC that its annual report would be filed late.
27 Nov 2009capital raising announcement▼ Bad
Four unregistered share issues in a fortnight totalling 582,500 shares: 12,500 and 350,000 to consultants for entering consulting agreements, and 100,000 and 120,000 under stock purchase agreements to offshore buyers.
23 Nov 2009auditor change▲ Good
The post-merger board replaced auditor Chang G. Park with the larger firm Holtz Rubenstein Reminick LLP, a step up in audit quality befitting the newly merged operating company.
10 Nov 2009business combination▲ GoodMajor
Closed the reverse merger with Clenergen UK, establishing the company as a biomass renewable-energy developer with a public-private partnership in Ghana (a planned 56MW biomass plant on a 14,000-acre energy plantation) and operations underway in India.
4 Sept 2009material agreement▲ GoodMajor
Signed a share exchange agreement to acquire UK-based Clenergen Corporation Limited, issuing 70.3 million shares to its shareholders — the reverse merger that would turn this shell into a renewable-energy operating company.
5 Aug 2009capital raising announcement▼ Bad
Now renamed Clenergen Corporation, issued 57.4 million shares as compensation to 22 individuals for services rendered and to be rendered — a large stock-for-services issuance rather than a cash raise.
28 Mar 2007director interest notice● Neutral
Thomas Gelfand became a HNO International, Inc. PRES, CEO, TRES, CFO, SECR and company insider (initial ownership filing).
11 Sept 2006auditor change▼ Bad
As American Bonanza Resources Corp. (this company's original name), lost its founding auditor to resignation just 16 months after inception, with the outgoing accountant's only report already flagging going-concern doubt due to no operations; Chang G. Park, CPA engaged as replacement.
21 Feb 2006securities registration● Neutral
HNO International, Inc. amended a filing by which it registered a small-business securities offering with the SEC.
13 Feb 2006securities registration● Neutral
HNO International, Inc. amended a filing by which it registered a small-business securities offering with the SEC.
18 Jan 2006securities registration● Neutral
HNO International, Inc. amended a filing by which it registered a small-business securities offering with the SEC.
13 Dec 2005securities registration● Neutral
HNO International, Inc. registered a small-business securities offering with the SEC.