The Board of CarbonMeta Technologies, Inc. (OTCPK:COWI) announced the spin-off of CarbonMeta Green Building Materials, LLC on June 20, 2023. As per the transaction, CarbonMeta Technologies? shareholders will receive 1 common share of Carbon Conversion Group stock for every 3,000 common shares of CarbonMeta Technologies common stock (OTC PINK:COWI) owned.

As of June 28, 2023, CarbonMeta Technologies, Inc. board and shareholders has approved the transaction. The transaction is expected to close in the third quarter of 2023. The record date is June 23, 2023.