Official Release: https://www.sec.gov/files/litigation/admin/2026/34-106331.pdf
NEWS:
The U.S. Securities and Exchange Commission issued Release No. 34-106331 on September 10, 2026, opening proceedings under Section 12(j) of the Securities Exchange Act against Evergreen Sustainable Enterprises, Inc. The SEC's order says the Delaware corporation, based in Dallas, Texas, has not filed a periodic report since its Form 10-K for the year ended December 31, 2022.
The SEC alleges that Evergreen repeatedly failed to meet its reporting obligations and did not heed a delinquency letter from the agency's Division of Corporation Finance—or did not receive it because the company failed to keep a valid address on file. The order states that unsolicited quotations for Evergreen's common stock, ticker EGSE, are submitted on OTC Link ATS.
The proceeding will give the company an opportunity to respond and present defenses. The SEC may suspend the registration of the company's securities for up to 12 months or revoke that registration. The September 10 order institutes the proceeding; it is not a final finding that the allegations are true.
KEY POINTS:
- SEC Release No. 34-106331, administrative file No. 3-22713, is dated September 10, 2026.
- The SEC alleges Evergreen has not filed periodic reports since its 2022 Form 10-K.
- The order identifies the company as a Delaware corporation based in Dallas, Texas, with ticker EGSE quotations submitted on OTC Link ATS.
- The proceedings concern alleged violations of Exchange Act Section 13(a) and Rules 13a-1 and 13a-13.
- Possible outcomes include suspension for up to 12 months or revocation of the securities' registration; the case remains pending.