8-K
GREENWAY TECHNOLOGIES, INC. & SUBSIDIARIES (GWTI)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of the earliest event reported): July 17, 2024 (July 17, 2024)
GREENWAY
TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
| texas | 000-55030 | 90-0893594 |
|---|---|---|
| (State<br> or other jurisdiction of<br><br> <br>incorporation<br> or organization) | (Commission<br><br> <br>File<br> Number) | (I.R.S.<br> Employer<br><br> <br>Identification<br> No.) |
1521North Cooper Street, Suite 205
Arlington,Texas 76011
(Address of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code: 561-809-4644
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title<br> of each class | Trading<br> Symbol(s) | Name<br> of each exchange on which registered |
|---|---|---|
| Common | GWTI | OTC Markets |
Item1.01 Entry into a Material Definitive Agreement.
On August 6, 2024, the Board of Directors of Greenway Technologies, Inc. elected Robert Kevin Jones President of Greenway Technologies, Inc.
Item9.01 Financial Statements and Exhibits
| (d) | Exhibits |
|---|---|
| Exhibit No. | Description |
| --- | --- |
| 99.1 | Press release dated August 9, 2024 |
| 104 | Cover<br> Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Greenway Technologies, Inc. | |
|---|---|
| By | /s/ Ransom B. Jones |
| Ransom<br> B. Jones | |
| Chief<br> Financial Officer |
Date: August 9, 2024
Exhibit99.1
GWTIName Robert Kevin Jones President
ARLINGTON, Texas, August 9, 2024
Greenway Technologies, Inc. (OTC: GWTI), (“Greenway”), an advanced gas-to-liquids (“GTL”) and gas-to-hydrogen (“GTH”) technology development company, announces that it named Robert Kevin Jones President of Greenway.
Mr. Jones, 59 years old, is one of Greenway’s largest shareholders. He has invested considerable personal capital into the Company and raised additional capital from investors. He is a member of the Board of Directors and brings his skills and personal connections to the Company, which the Board of Directors believes will serve the company well. Mr. Jones strongly desires to help lead the company from its pre-revenue state to a prosperous and profitable enterprise. Mr. Jones has over 35 years of business leadership experience, having founded and grown his company into one of the largest healthcare construction sector providers for 23 years, with revenues of nearly $100M until his departure in 2021.
Based in Arlington, Texas, the Company, through its wholly-owned subsidiary, Greenway Innovative Energy, Inc., is researching and developing proprietary GTL and GTH systems in association with the University of Texas at Arlington. These relatively small systems can be scaled to meet the natural gas supply wherever it is available. The Company’s patented technology has been integrated into its patented commercial G-Reformer^®^ unit. This unit is the core of a system that can be used to make hydrogen (GTH) or, when combined with a Fischer-Tropsch unit, liquid fuels (GTL), including diesel fuel blend stock, with an associated variety of valuable long-chain hydrocarbon chemicals or methanol. In addition to a robust return on investment, the systems solve a critical problem by enabling conventional transportation of the liquid offtake or by creating hydrogen at the point of consumption. More specifically, GTL can convert stranded gas to a liquid that can be transported by conventional logistical methods, eliminating the need for a pipeline where none exists. For GTH, the hydrogen can be created at the point of use, removing the costly need to compress and transport centrally created hydrogen. Finally, the unit does this in either case with unequaled efficiency and no airborne carbon emissions.
NoticeRegarding Forward-Looking Statements:
Thisnews release contains “forward-looking statements,” as that term is defined in Section 27A of the United States SecuritiesAct of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical areforward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Suchforward-looking statements include, among other things, the ongoing effects of the pandemic on delays and orders regarding Greenway’sproprietary gas-to-liquids system, potential business developments and future interest in our clean fuel technologies.
| Greenway Technologies, Inc. | 1 |
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Actualresults could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others,general economic and political conditions, the continuation of the JV with the University of Texas at Arlington, and the ongoing impactof the pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to updatethe forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-lookingstatements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, therecan be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all theinformation set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for themost recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities andExchange Commission.
CONTACT:
Raymond Wright
Greenway Technologies, Inc.
raymond.wright@gwtechinc.com
For more information, visit GWTI’s website: www.gwtechinc.com
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