Firepoint Energy changes OTC ticker to FPTE

Firepoint Energy Inc. has changed its OTC Markets ticker symbol to FPTE as it moves ahead with a proposed reverse merger with a privately held operations company that also uses the Firepoint Energy name. The company says shareholders do not need to take any action and existing shares will automatically reflect the new symbol.

Why it matters: - The ticker change aligns the public company’s trading symbol with the Firepoint Energy name ahead of a proposed reverse merger. - The move could simplify the market identity of the combined company if the transaction closes. - The private company’s planned business in critical minerals recovery, waste coal processing and sustainable energy would become part of the public company only if the merger is completed.

What happened: - Firepoint Energy Inc. said its common stock ticker symbol officially changed to FPTE on OTC Markets on July 22, 2026. - The public company was formerly XcelPlus International Inc. - The symbol change is tied to a proposed reverse merger between the public company and a privately held operations company also known as Firepoint Energy. - The proposed merger remains subject to customary closing conditions and there is no assurance it will be completed. - Shareholders do not need to take any action. - Existing shares will automatically reflect the FPTE symbol in brokerage accounts.

The details: - The private Firepoint Energy focuses on plasma gasification technology for waste coal piles, especially in Pennsylvania. - The technology is intended to identify rare earth elements while converting remaining waste coal energy into synthetic fuels or power. - The company says those outputs could support high-demand uses such as AI data centers, defense and high-tech industries, and sustainable aviation fuel production. - The company also says the approach is intended to help remediate environmental liabilities. - These capabilities are under development and have not been demonstrated at commercial scale. - The public company does not currently operate those businesses; the private company’s operations would only transfer if the reverse merger closes. - Firepoint Energy also said President Trump recently mentioned the private company at the Pennsylvania Defense and Innovation Summit in Carlisle, Pennsylvania, hosted by Senator McCormick. - More information is available in the company’s announcement.

Between the lines: - The ticker change signals branding and corporate-structure preparation, not completion of the merger. - The commercial claims around plasma gasification and rare earth recovery remain prospective, so investors are still waiting for proof at scale. - The political mention could give the company added visibility, but it does not change the merger’s closing risk.

What's next: - Firepoint Energy will move forward with the reverse merger process if closing conditions are met. - The public company’s trading symbol will remain FPTE as the transaction advances. - Investors will likely watch for merger milestones and any disclosure on development progress or financing.**