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WHLT does not currently pay a dividend.
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Currently, Chase Packaging Corporation maintains no substantial operational activities. In prior periods, the company was involved in manufacturing woven paper mesh for industrial purposes and polypropylene mesh fabric bags for agricultural applications. It also distributed agricultural packaging sourced from other producers. Chase Packaging Corporation's strategic focus is now on identifying a merger partner to facilitate a public offering or acquiring private entities to generate investment value. Established in 1993, the company is based in Rumson, New Jersey.
RUMSON, NJ / ACCESSWIRE / April 29, 2024 / Chase Packaging Corporation (OTC Pink:WHLT) ("Chase"), a shell corporation announced that the non-binding indication of interest it had entered into with three related entities in the Tiny Homes industry, as announced in a news release dated February 14, 2024 has expired and will not be extended by the parties. The Parties made extensive efforts to complete the proposed transaction.
RUMSON, NJ / ACCESSWIRE / February 14, 2024 / Chase Packaging Corporation (OTC PINK:WHLT) ("Chase") today announced that it has executed a Non-Binding Letter of Intent to acquire, primarily using Chase common stock, certain net assets and operations in the Tiny Home Industry. The business to be acquired consists of three entities - 1) Tiny Estates, LLC, owners of a Tiny Home Community located in Elizabethtown, PA; 2) Tiny Communities Fund, LLC, owners of Tiny Home Community properties in Florida; and 3) Endeavor Tiny Homes, LLC, based in Lancaster, PA, a Tiny Homes sales company exclusively representing Atomic Homes, a Tiny Homes manufacturer based in Lancaster, PA.