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LONDON – Nov 21, 2017 – 4NEW, the company operating Waste to Energy treatment plants today announced a series of groundbreaking developments. 4NEW has successfully secured $30.5 million USD from two institutional investors collectively. This enables 4NEW to complete its soft cap requirement facilitating the construction and realization of its first plant in its entirety. 4NEW has also received reservation requests to purchase an additional $25 million USD from four other institutions with deposits placed in escrow already.
As part of the syndicate offering and deal structure to its institutional investors, 4NEW has offered 30% equity in all 4NEW assets, profits and future growth, allowing investors to enjoy significant and stable projected profits of the company. To remain compliant with the current regulatory landscape and climate, 4NEW has filed respective notices with the United States Securities and Exchange Commission under exemption rules Regulation D 506(b). This offering is only available to accredited investors or institutional investors with a minimum investment of USD $100,000 now.
4NEW will also be filing with the SEC an application to crowdfund under Regulation A tier II, allowing non-accredited and general public investors to purchase up to USD $50 million worth of equity in 2018. In a statement from the CEO, Sandeep Golechha “4NEW intends to pursue every legal and regulatory measure to remain compliant with the law which is in the best interest of the public investors and the company.”
4NEW’s Initial Coin Offering (FRNC) for its utility token is currently underway for the general public ending December 15, 2017. While this coin does not provide investors any share of the corporate profits currently, given that it is strictly speaking a utility token which represents sale of future goods and services of 4NEW, nevertheless, upon Reg A Tier II SEC approval, holders of the FRNC coin will be able to redeem their FRNC’s for the new SEC qualified equity tokens allowing them profit sharing in the company’s growth and assets. Needless to state, the 4NEW equity tokens scheduled to be released in 2018 will be held at a much higher value than its predecessor FRNC.
4NEW management is currently evaluating premier public exchange listing options for the FRNC where adequate and appropriate trading volume exists to sustain quality tokens such as the FRNC.
Earlier this month 4NEW ordered the production of its first Waste to Energy plant for a staggering USD $24.83 Million with delivery and subsequent installation of equipment to occur within 6 to 8 months between May and July 2018.
The first 4NEW plant will have a waste processing capacity of 72 tons per day of RDF, SRF, TDF, tyres, plastics, medical waste, carpets, textiles, wood wastes, oil liquid waste, chemical waste, raw food packaging, animal by-products and any type of hazardous and non-hazardous waste.
The plant will be able to generate 120 mega watts of power per day which totals 43,800 mega watts of power per year. As part of the deal, 4NEW will also procure insurance coverage to secure its revenue from any equipment failure, or unforeseen acts of God.
The first plant will drive annual sales of approximately $5 Million USD under current capacity, however, 4NEW can add additional waste processing lines to their plant as additional funds are raised thereby increasing output by 4 times per site. 4NEW also has options with lenders to explore debt financing in order to complete targeted acquisitions over the next 6 to 9 months.
The plant equipment has been ordered through Eco-Green Power Limited, a UK based plant production company. Eco-Green currently has three sites where their plants are in operational use. These include, 2 sites in Finland and 1 site in Denmark.
Last month, 4NEW successfully secured a $25 million round of funding from its first investor Mirach Capital Group, a US based private equity fund.
About 4NEW
4NEW, will revolutionize and standardize the industries of Waste and Energy by offering services as a wholesaler within the Utilities sector that is fully integrated onto a decentralized, distributed ledger enabling all actors within the industry to trade waste and energy transactions using the 4NEW Coins towards payments within the 4NEW ecosystem.
The 4NEW coins are utility tokens with built-in smart contract capabilities. They establish a binding relationship between two transacting parties and provide a value for each transaction. The ledger on the 4NEW ecosystem provides an immutable and audit-able journal of all transactions related to the buying and selling of energy and waste. Each transaction is transparent to all parties which allows them to see the same ledger entry and cost of reconciliation thus controlling issues of dispute and revenue leakage to a great extent.
Website: www.4new.co.uk
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