Changing World Technologies Inc. filed yesterday for an initial public offering. While a share count and price range are not indicated, the filing is for up to $100 million in securities.
A ticker signal was not shown, but the company does plan to list on the NYSE Arca. This is also listed under the OpenIPO process with WR Hambrecht & Co. acting as the sole manager.
The company lists "general corporate and working capital as the use of proceeds from the IPO.
This is a renewable diesel fuel oil and organic fertilizer companybased in West Hempstead, N.Y. While the company does list itsrevenues, it only posted $589,000 in 2007 revenues and $93,000 inQ1-2008 revenues.
Jon C. Ogg
August 13, 2008
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