Next Bridge Hydrocarbons, Inc. (“NBH”) Common Stock
These FAQs regarding the current state of our common stock shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale of these securities in any state
or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.
All relevant information regarding the spin-off completed on December 14, 2022, is available
for review on the SEC’s website (www.sec.gov), (the “Prospectus”).
NBH is a private company insofar as its shares of common stock are not traded on a public stock exchange. NBH is, however, required to comply with public company periodic and current reporting requirements under the Securities Exchange Act of 1934. You can access the Company’s public filings on the SEC’s website (www.sec.gov) or the Company website (www.nextbridgehydrocarbons.com).
NBH was a wholly owned subsidiary of Meta Materials, Inc. (“Meta”). The separation of NBH and its subsidiaries from Meta was effected through a dividend distribution of common stock of NBH to the shareholders of Meta’s Series A Non-Voting Preferred Stock on a 1-for-1 basis. For additional details see information disclosed under the heading “The Spin-Off” included in the Prospectus which may be obtained at www.sec.gov.
NBH has 500,000,000 authorized shares of common stock, par value $0.0001 per share, and as of April 22, 2024, NBH had 251,830,516 shares of common stock issued and outstanding.
The Company regularly issues press releases and files the appropriate forms with the SEC. We urge shareholders to sign up for our newsletter on our website (www.nextbridgehydrocarbons.com) to receive timely correspondences regarding future plans and updates.
NBH continues to explore all potential avenues to maximize the value of our Orogrande asset and other assets for the benefit of our shareholders. This includes most recently a successful booth exhibit at the 2024 NAPE convention in Houston, and the resultant sales of several properties we owned interest in. Please see our recent PRs regarding these sales and the expanding business strategies we are currently undertaking on the “investors” page of our website (www.nextbridgehydrocarbons.com/investors).
The Company has the right, but not the obligation, to distribute dividends, including cash or stock, to shareholders in the future. While NBH currently has no pending plans to do so, any such undertakings would be accompanied by the appropriate SEC filings and public statements.
The number of wells that NBH has drilled, and their production amounts, are disclosed and updated in periodic reports on the SEC’s EDGAR system containing detailed information about the company, its business, assets, liabilities, risk factors, financial condition and results of operations. You can review the most recent filings and other forms at www.sec.gov.
Equiniti Trust Company
Equiniti Call Center Toll Free: 800-937-5449
Local & International: 718-921-8124
Hours: 8 a.m. – 8 p.m. ET Monday-Friday
Help: AST@equiniti.com
Mail, Shipping and Handling Correspondence: Equiniti Shareowner Services - PO Box 500 Newark, NJ 07101
If shareholders so desire and are eligible to do so, our transfer agent Equiniti (formerly AST) will register and record your ownership of shares of NBH stock in book-entry form. Book-entry means Equiniti maintains your shares on your behalf without the need for physical share certificates. Shares held in book-entry form without certificates have the same rights and privileges as shares held in certificate form.
Not at this time. On February 08, 2024, at the request of the SEC, NBH withdrew its S-1 filing for the formation of a new subsidiary to be formed in the future (“Newco”) which was to be the owner of certain back-in working interest in the Orogrande Prospect and potentially other assets. At this time there is no pending approval of a subsidiary or dividend that would require transference to, or registration at, Equiniti Trust Co. Currently direct registration at our transfer agent is completely optional and solely at shareholder discretion.
Please see press release dated Feb. 21, 2024, (www.nextbridgehydrocarbons.com/investors) for information regarding the correct procedure to accomplish this task.
Periodically check our website www.nextbridgehydrocarbons.com for updates. We urge investors to fill out the Investor Form (www.nextbridgehydrocarbons.com/investors) to receive the most up-to-date information and press releases. NBH stockholders who have further questions should direct communications to:
Dennard Lascar Investor Relations
nextbridge@dennardlascar.com
Q2 2023
Q1 2023