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ALBANY, N.Y., April 3, 2020 /PRNewswire/ — Mechanical Technology, Incorporated (“MTI” or the “Company”), a about traded aggregation (OTC Pink: MKTY) headquartered in Albany, New York, announces today that it has submitted to the U.S. Securities and Exchange Commission (the “SEC”) a appeal to abjure the Company’s allotment account on Form 10 as filed with the SEC on March 4, 2020 (the “Registration Statement”).
MTI Logo (PRNewsfoto/Mechanical Technology, Incorpor)
The Aggregation is abandoning the Allotment Account as the Company’s lath of admiral has determined, based on contempo bazaar and bread-and-butter disruptions acquired by the COVID-19 pandemic, that the allotment of the Company’s accepted banal beneath the Securities Exchange Act of 1934 (the “Exchange Act”) is not appropriate and is not in the best interests of the Aggregation and its shareholders at this time. The Aggregation may book a new Form 10 to annals its accepted banal at a after date should the lath of admiral actuate that such activity is again advisable.
The Company’s accepted banal will abide to be quoted on the OTC Pink – Current Advice bank of the OTC Markets Group citation system.
About MTIMTI is affianced in the design, manufacture, and auction of analysis and altitude instruments and systems through its accessory MTI Instruments, Inc. and is developing renewable-energy powered cryptocurrency mining operations through its newest accessory EcoChain, Inc.
For added advice about the Company, amuse appointment https://www.mechtech.com.
Contact Information: Lisa Brennan 518-218-2592 email@example.com
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SOURCE Mechanical Technology, Incorporated
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