Waste Energy Seeks 4x Increase in Authorized Shares to 1.6B Amid Cash Crisis
WAST sits 33% above its 52-week low of $0.003 on elevated volume (6.8× avg).
Summary
Waste Energy Corp. seeks shareholder consent to increase authorized shares from 400M to 1.6B, while disclosing 30.5M unissued insider shares and a no-reverse-split pledge through 2027.
Key Events · Financing and Capital Events · WAST
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Authorized Shares Quadruple to 1.6B
Proposal increases authorized common stock from 400,000,000 to 1,600,000,000 shares, with par value unchanged at $0.001. Current outstanding shares are 208,045,355 as of August 27, 2026.
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30.5M Insider Shares Approved but Unissued
Board approved 15M restricted shares to CEO Gallagher's 221 Cap LLC, 7.5M shares for $37,500 Gallagher debt conversion at $0.005, 2.5M shares to EnergyFX for a $15,000 bonus, and 5.5M shares for $27,500 McBride debt conversion at $0.005. None have been issued yet.
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No Reverse Split Before 2028
If the amendment is approved, the board will adopt a resolution not to pursue a reverse stock split through December 31, 2027.
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Cash Crisis Drives Dilution
Company estimates ~$500,000 of additional capital needed near-term to service debt and complete commissioning of its initial waste-conversion system. Q2 2026 10-Q showed cash of only $26K and a $5M working capital deficit.
Analysis · WAST · Trade & Services
Waste Energy Corp. is asking shareholders to approve a quadrupling of authorized common stock from 400 million to 1.6 billion shares. The company has only $26K in cash and a $5M working capital deficit, so this authorization is the mechanism to issue the shares needed to survive. The filing also reveals four board-approved but unissued insider transactions totaling 30.5 million shares — including 15 million restricted shares to CEO Scott Gallagher's consulting entity and debt conversions at $0.005 per share, which is above the current $0.004 market price. The board is offering a commitment not to pursue a reverse stock split before January 1, 2028, likely to make the dilution more palatable to shareholders.
How filings like this one have moved
In the 30 days to Sep 12, 2026, 35.3% of the 1492 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.19%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WAST was trading at $0.00 on OTC in the Trade & Services sector, with a market capitalization of approximately $769.3K. The 52-week trading range was $0.00 to $0.07. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.