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Last $0.0090 USD
Change Today -0.0005 / -5.26%
Volume 375.0K
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

blue sphere corp (BLSP) Snapshot

Open
$0.01
Previous Close
$0.0095
Day High
$0.01
Day Low
$0.0090
52 Week High
09/26/14 - $0.28
52 Week Low
08/13/15 - $0.0070
Market Cap
1.3M
Average Volume 10 Days
1.1M
EPS TTM
$-0.20
Shares Outstanding
141.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BLUE SPHERE CORP (BLSP)

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blue sphere corp (BLSP) Details

Blue Sphere Corp. operates as a project integrator in the clean energy production and organics to energy markets. The company focuses on developing projects, such as waste-to-energy, biogas, and landfill gas projects located in the United States, Italy, Israel, and Ghana. It also focuses on soil amendments, compost, and other by-products. The company was formerly known as Jin Jie Corp. and changed its name to Blue Sphere Corp. in February 2010. Blue Sphere Corp. was founded in 2007 and is headquartered in Even Yehuda, Israel.

5 Employees
Last Reported Date: 01/13/15
Founded in 2007

blue sphere corp (BLSP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $120.0K
Executive Vice President and Secretary
Total Annual Compensation: $120.0K
Chief Financial Officer and Treasurer
Total Annual Compensation: $22.5K
Compensation as of Fiscal Year 2014.

blue sphere corp (BLSP) Key Developments

Blue Sphere Corporation, Eastern Sphere Ltd. and BlueSphere Italy, S.r.l. Enter into a Long Term Mezzanine Loan Agreement with Helios Italy Bio-Gas 1 L.P

On August 18, 2015, Blue Sphere Corporation, along with its wholly-owned subsidiary, Eastern Sphere Ltd. and Eastern's wholly-owned subsidiary, BlueSphere Italy, S.r.l., entered into a Long Term Mezzanine Loan Agreement with Helios Italy Bio-Gas 1 L.P. Pursuant to the Loan Agreement, the Lender has agreed to make available to BlueSphere Italty a mezzanine loan facility to facilitate the purchase of anaerobic digestion biogas power plants located in Italy. Under the Loan Agreement, the Lender will make up to EUR 5,000,000 available to BlueSphere Italy to finance 90% of the total required investment of the first four Biogas Plants acquired, 80% of the total required investment of up to three Biogas Plants subsequently acquired, certain broker fees incurred in connection with the acquisitions, and any taxes associated with registration of an Equity Pledge Agreement. For the purposes of the Loan Agreement, the financing of the total required investment for each Biogas Plant acquired will be subject to specified conditions precedent, including the Lender's approval on a plant by plant basis, and each financing will constitute a separate Loan. The Lender may, within 90 days following a closing, require a repayment of 10% and the broker fees; if no such repayment is required, then the Lender may reduce the amount of the total required investment loaned for the three Biogas Plants subsequently acquired to 70%-80% of the total required investment. The Lender's commitment to provide any Loan amount not actually utilized by June 30, 2016 will automatically cancel, unless extended in writing by the Lender.

Blue Sphere Corp. Announces Amendments to the Bylaws

On June 17, 2015, the Board of Directors approved amendments to the Blue Sphere Corp.'s bylaws, effective as of such date: Amendments to add a new Section 8 to Article 1 of the Company's bylaws (a) to require any shareholder intending to propose business to be conducted at the annual meeting or to nominate any candidate for election to the Board of Directors to notify the Company not later than the close of business on the ninetieth (90th) day, nor earlier than the close of business on the one hundred twentieth (120th) day, in advance of the first anniversary of the preceding year's annual meeting (provided, however, that in the event that the date of the annual meeting is more than thirty (30) days before or more than seventy (70) days after such anniversary date, notice by the shareholder must be so delivered by the tenth (10th) day following the day on which public announcement of the date of such meeting is first made by the Company) and (b) to require any such shareholder to provide specified information and representations and, if applicable, require director nominees to provide specified information and representations in order to be eligible to be elected as a director. Amendments to Sections 2 and 3 of Article 2 of the Company's bylaws (a) to reduce the maximum number of directors from fifteen to seven and (b) to provide for three classes of directors, apportioned as equally as possible, each of which is elected every three years (but which will not extend the terms of the current directors); Amendments to Article 9 of the Company's bylaws to eliminate the Company's election not to be governed by NRS 78.378 through 78.3793, inclusive, and NRS 78.411 through 78.444, inclusive, of the Nevada Private Corporations Act, which are state anti-takeover statutes; and Amendments to make certain conforming changes to Section 1 of Article 1, Section 2 of Article 2 and Article 8 of the Company's bylaws.

Blue Sphere Seeks Acquisitions

Blue Sphere Corp. (OTCPK:BLSP) is looking for acquisitions. The company has retained Maxim Group, LLC to provide strategic corporate planning and investment banking services. Karl Brenza, Head of Maxim Group's Capital Growth Advisory Team, commentated, "We are delighted to partner with Blue Sphere in the financial and value creation components of its corporate strategy through our full-service investment banking capabilities. We are looking forward to working with Blue Sphere to assist with strategic planning, developing strategic partnerships, advising on potential acquisitions and introducing the company to the investment community."

 

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