Ocean Thermal Energy Corporation sells subsidiary OCEES International to entity controlled by CEO Jeremy Feakins

Ocean Thermal Energy Corp

Sale of OCEES International, Inc. to Epaphus Global Energy LLC, controlled by CEO Jeremy Feakins, for $1,000,000 in cancelled debt and $75,000/month for 12 months.
Additional consideration includes 70% of net profit from any ocean thermal energy conversion project undertaken by OCEES.
Epaphus has a unilateral right to return the subsidiary shares within one year for a full refund of the purchase price.
Transaction approved unanimously by disinterested directors of Ocean Thermal Energy Corporation.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.