Firepoint Energy changes OTC ticker to FPTE

Firepoint Energy Inc. has changed its OTC Markets ticker to FPTE as part of a proposed reverse merger with the private company Firepoint Energy. The company says shareholders do not need to act and existing shares will automatically update in brokerage accounts.

Why it matters: - The ticker change aligns the public shell with the Firepoint Energy brand as the company works toward a proposed reverse merger. - If completed, the deal would bring Firepoint Energy’s waste coal processing and critical minerals recovery business into the public company. - The move matters to shareholders because existing shares will automatically reflect the new ticker symbol in brokerage accounts.

What happened: - Firepoint Energy Inc. said its common stock ticker officially changed to FPTE on OTC Markets on July 22, 2026. - The public company was formerly XcelPlus International Inc. - The ticker shift is tied to a proposed reverse merger with a privately held operations company also known as Firepoint Energy. - The company said shareholders do not need to take any action.

The details: - The proposed merger remains subject to customary closing conditions. - There is no assurance the merger will be completed. - The private Firepoint Energy focuses on plasma gasification technology for waste coal piles, particularly in Pennsylvania. - The technology is designed to discover rare earth elements while converting remaining waste coal energy into synthetic fuels or power. - The company says the power output could support high-demand uses such as AI data centers. - Firepoint Energy says the process is also intended to remediate environmental liabilities, support defense and high-tech industries, and contribute to sustainable aviation fuel production. - These capabilities are under development and have not been demonstrated at commercial scale. - The public company does not currently conduct these operations. - Those operations would become part of the public company only if the reverse merger closes. - A link for more information and investor updates is available here. - Firepoint Energy also maintains social media accounts on LinkedIn, Facebook and YouTube.

Between the lines: - The ticker change gives the public company a cleaner identity ahead of a potential transaction, but it does not change the underlying uncertainty around closing. - The business story centers on a technology platform that is still in development, so the merger would be betting on future commercialization rather than existing operating scale. - Firepoint Energy said the private company was recently mentioned by President Trump at the Pennsylvania Defense and Innovation Summit in Carlisle, Pennsylvania, hosted by Sen. McCormick.

What's next: - The proposed reverse merger must still clear closing conditions before any combination becomes final. - If the deal closes, the public company would absorb the private Firepoint Energy operations and strategy. - Brokerage accounts should continue to show the new FPTE ticker without action from shareholders.