Sustainable Power Corp. Seeks SEC Listing Upgrade
NATCHEZ , Miss. — Green power plant developer Sustainable Power moved to upgrade its status with the Securities and Exchange Commission when it engaged Gruber & Company as public company accounting oversight board auditors.
The move represents the initial step in the company’s plan to become a fully reporting, publicly held company with an upgraded stock market listing.
Sustainable Power Corp. is a green energy service provider with exclusive rights to develop and manage energy plants that use the U.S. Sustainability Energy Corporation’s soybean-based bio-fuel technology.
Gruber & Company will examine the company’s books, records and financial statements as part the SEC’s 10-SB registration process. Registration will subject the company to the annual and periodic reporting requirements applicable to fully reporting, publicly held companies.
If successful, the company intends to lodge an SEC application for an upgraded stock market listing, officials say.
The NASD over-the-counter Electronic Bulletin Board status desired by Sustainable Power will provide a more established trading market for company shares. Shareholders and prospective investors would also be able to access accurate information and keep abreast of relevant developments in a timelier manner.