Item 7.01. Regulation FD Disclosure.
On
December 28, 2021, we issued a press release regarding the BW
Acquisition described above under Item 1.01 of this Current Report
on Form 8-K. A copy of this press release is filed as an Exhibit to
this Current Report on Form 8-K.
Amendment to 2020 Omnibus Equity Incentive Plan
On
December 23, 2021, our Board authorized an increase in the number
of shares of common stock available for issuance under our 2020
Omnibus Equity Incentive Plan, as amended and restated as of May 7,
2021 (the “2020
Plan”), from 50,000,000 shares to 75,000,000 shares of
our common stock. The foregoing amendment to increase the number of
shares of common stock available for issuance under our 2020 Plan
is subject to, and conditioned on, stockholder
approval.
Amendment to Our Certificate of Incorporation to Increase Our
Authorized Capital Stock
On
December 23, 2021, our Board adopted a resolution approving a
certificate of amendment to our Certificate of Incorporation to
increase the number of authorized shares of our common stock from
500,000,000 shares of common stock, par value $0.0001 per share, to
750,000,000 shares of common stock, par value $0.0001 per share.
The foregoing amendment to our Certificate of Incorporation is
subject to, and conditioned on, stockholder approval.
Notice Regarding Forward-Looking Information
This
Current Report on Form 8-K may contain forward-looking
statements within the meaning of the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements reflect current expectations or beliefs
regarding future events or our future performance. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "continues", "forecasts", "projects",
"predicts", "intends", "anticipates", "targets" or "believes", or
variations of, or the negatives of, such words and phrases or state
that certain actions, events or results "may", "could", "would",
"should", "might" or "will" be taken, occur or be achieved. All
forward-looking statements, including those herein, are qualified
by this cautionary statement.
Although
we believe that the expectations expressed in such forward looking
statements are based on reasonable assumptions, such statements
involve risks and uncertainties, and actual results may differ
materially from any future results expressed or implied by such
forward-looking statements. Such risks and uncertainties include
our business plans and strategies, our future business development,
market acceptance of electric vehicles, our ability to generate
profits and positive cash flow, changes in government regulations
and government incentives, subsidies, or other favorable government
policies, and other risks discussed in our filings with the U.S.
Securities and Exchange Commission. Readers are cautioned that the
foregoing list of risks and uncertainties is not exhaustive of the
factors that may affect forward-looking statements. Accordingly,
readers should not place undue reliance on forward-looking
statements.
The
forward-looking statements in this Current Report on Form 8-K speak
only as of the date hereof or as of the date or dates specified in
such statements. For more information on us, investors are
encouraged to review our public filings on OTC Market at
https://www.otcmarkets.com/stock/CRGE/overview. We disclaim any
intention or obligation to update or revise any forward- looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.