other material
confidence high
sentiment negative
materiality 0.85
SolarWindow loses control; BC court transfers 62% stake to Kalen Capital; director resigns
SolarWindow Technologies, Inc.
- British Columbia court ordered transfer of 32,984,331 shares (62% of outstanding) from LQE to Kalen Capital.
- Including warrants, Kalen's beneficial ownership ~72% after transfer.
- Director John Rhee resigned Dec 18, 2022, citing lack of communication and misuse of his good intentions.
- Rhee had served on the board since July 1, 2020.