News & Events zu Stratum Holdings Corp. (SRTM)SRTMStratum Holdings Corp.

Selling Stockholders Plan to Sell Up to 69.72M Shares

This filing relates to the offer and sale from time to time by the selling stockholders of up to 69.72M shares of common stock. The company is not selling any shares under this prospectus and will not receive any of the proceeds from the sale of shares by the selling stockholders.

Ocean Power and Stratum Sign Strategic Collaboration LOI

Ocean Power (OPTT) and Stratum Holdings (SRTM) announced that they have entered into a non-binding letter of intent, or LOI, for a proposed strategic collaboration to demonstrate offshore data center assets powered by renewable wave, wind, and solar energy. The LOI contemplates that OPT and Stratum negotiate definitive agreements pursuant to which OPT would grant Stratum a limited, non-exclusive license to certain of its PowerBuoy patents for use in the demonstration program and make available certain prototype PowerBuoy assets currently on hand, and Stratum would make available certain GPU assets, including its latest generation Nvidia B300 GPUs, and related integration expertise. Stratum would also pay OPT a monthly retainer under the terms of the definitive agreements. The proposed strategic collaboration would focus on integrating OPT's PowerBuoy platforms with Stratum's compute hardware to validate the technical feasibility of hosting edge AI inference and related workloads on systems powered primarily by onboard renewable generation, without a power umbilical to shore.