NEW YORK--(BUSINESS WIRE)--Maven Media Holdings, Inc. (the “Company”) (MVMH.OB) announced today that it has completed a reverse-merger with Waste2Energy, Inc. The Company is in the process of changing its name to Waste2Energy Holdings, Inc., at which time the Company will also receive a new trading symbol. The Company has filed an 8-K disclosing this on June 3, 2009. ((http://sec.gov/Archives/edgar/data/1432244/000101376209001035/0001013762-09-001035-index.htm).
Waste2Energy shareholders were issued 45,981,770 shares of the Company’s common stock which represents approximately 96% of the issued and outstanding shares. On May 26, 2009, the Company sold 254,500 units in a private placement. Each unit consists of three shares of common stock and a three-year warrant to purchase three additional shares at an exercise price of $1.25 per share. The Company received gross proceeds of approximately $509,000.
Monday, June 8, 2009
Waste2Energy, Inc. Completes Reverse-Merger with Maven Media Holdings, Inc.
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