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General Enterprise Ventures, Inc. Announces PIPE Offering and CEO Change
GEVI
Convertible Preferred Issuance
CEO Change
Board Change
- General Enterprise Ventures, Inc. (GEVI) entered into Securities Purchase Agreements on September 30, 2025, for a PIPE Offering, issuing 420,937 shares of Series C Convertible Preferred Stock for an aggregate purchase price of $6,314,062 and warrants to purchase up to 701,563 shares of Common Stock.
- Following the PIPE Offering, as of September 30, 2025, the company reported 17,552,912 Common Shares Outstanding, $11,600,000 in Shareholder Equity, and 589,271 Shares of Series C Preferred Issued and Outstanding.
- Effective October 1, 2025, Thedore Ralston resigned as Chief Executive Officer and President, and Wesley J. Bolsen was appointed as the new Chief Executive Officer. Mr. Bolsen was also appointed to the Board of Directors on September 15, 2025.
Oct 7, 2025, 12:39 AM
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