UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
On April 8, 2023, CarbonMeta Technologies, Inc. (the “Company”) and Fermion Electric Private Limited (“Fermion”) signed a Memorandum of Understanding (MOU) to create a subsidiary corporation called CarbonMeta Research India as a Private Limited Company that shall be jointly owned and managed by the Company and Fermion, and whose initial objective shall be processing natural gas into hydrogen and high value carbon products. Under the terms of the MOU:
CarbonMeta Research India will be a Private Limited Company in Kerala, India with initial equity ownership as follows:
| ● | 80% of the equity will be owned by CarbonMeta Technologies, Inc. | |
| ● | 20% of the equity will be owned by Fermion Electric Private Limited. |
CarbonMeta Research India will be a research and development center whose focus will be on:
| ● | Microwave catalysis of waste plastics, natural gas, and other organic waste materials; | |
| ● | Carbon dioxide (CO2) capture technologies using novel technologies and adsorbents; | |
| ● | Development of new catalysts for catalysis, pyrolysis, and electrolysis; and | |
| ● | Commercialize and patent technologies that were developed and licensed by CarbonMeta Technologies, Inc. or its subsidiaries. |
The foregoing provides only a brief description of the material terms of the MOU and does not purport to be a complete description of the rights and obligations of the parties thereunder, and such descriptions are qualified in their entirety by reference to the full text of the document filed as an exhibit to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 10.1 | Binding Memorandum of Understanding | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CARBONMETA TECHNOLOGIES, INC. | ||
| Date: April 13, 2023 | By: | /s/ Lloyd Spencer |
| Lloyd Spencer | ||
| Chief Executive Officer | ||