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EEStor anticipates that the reconstituted board and the efficiency based, non-voting share class shall be presented to shareholders for approval at its annual general and special meeting which is anticipated to be held within the fourth quarter of 2020. Based on its present outstanding share capital, EEStor anticipates issuing roughly 48,300,000 common shares to the shareholders of GREEN NH3. Following completion of the acquisition, GREEN NH3 will continue as a completely owned subsidiary of EEStor.
Hydrogen is characterised by a high reactivity and a combustion price as much as 5 times higher than that of gasoline. Moreover, hydrogen has a wider flammability vary than other forms of gasoline. Due to those characteristics, the addition of even a small amount of hydrogen in the fuel-air mixture increases the combustion price thus making the combustion extra stable by lowering the duration of combustion and decreasing cycle-to-cycle variations. Although it’s ample within the universe, hydrogen is a fuel often discovered mixed with other atoms, mostly as a component in water, oil, and pure gasoline.
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