Acorn Secures 100% Ownership of OmniMetrix Subsidiary via Purchase of Remaining 1% Stake
Acorn Energy acquired the remaining 1% ownership interest in its principal operating subsidiary OmniMetrix from former CEO Walter Czarnecki, bringing Acorn's ownership to 100%. The interest was exchanged for 25,096 newly issued shares of Acorn common stock, leaving 2,534,714 shares outstanding.
Why it matters — Acorn now holds full 100% ownership of its principal operating subsidiary, simplifying its corporate structure and eliminating the remaining minority interest.