BioHiTech forms new corporate structure.
BioHiTech Global Inc., a maker of aerobic digestion systems, has announced the completion of a reverse merger that affects its over-the-counter (OTC) stock listing.
In the merger, BioHiTech America LLC (BHA), Chestnut Ridge, New York, was merged with and into a transitory acquisition subsidiary of Swift Start Corporation. Swift Start Corporation changed its name to BioHiTech Global Inc. immediately thereafter.
Shares of the company’s common stock are currently quoted on the OTC Market under the symbol “SWFR.” BHA survived the merger and became a wholly-owned subsidiary of the BioHiTech Global.
BHA bills itself as “a green technology company that provides an innovative data-driven solution for food waste removal.” It says its “unique solution to food waste combines green technology with the power of big data.”
The BHA Eco-Safe Digester, according to the company, is an onsite aerobic digester that converts food scraps into nutrient-neutral water or “gray water” and transports it through standard sewer lines. The BioHiTech Cloud is billed by the company as “a reliable, manageable and secure reporting platform [that] measures key metrics to optimize the food waste disposal process and help eliminate food waste from the start.”