---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-22-011911"
form_type: "8-K"
ticker: "CPWR"
cik: "0000827099"
company_name: "Ocean Thermal Energy Corp"
filed_at: "2022-08-29T23:59:59+00:00"
generated_at: "2026-06-23T20:39:01.685132+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-22-011911
- form_type: 8-K
- ticker: CPWR
- cik: 0000827099
- company_name: Ocean Thermal Energy Corp
- filed_at: 2022-08-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827099/000165495422011911/0001654954-22-011911-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827099/000165495422011911/cpwr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-22-011911
- JSON: https://secwatch.observer/filing/0001654954-22-011911.json
- Plain text: https://secwatch.observer/filing/0001654954-22-011911.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.