A Brown Company, Inc. announced the incorporation of Peakpower Energy, Inc.. The Company will be subscribing to 40 million common shares of Peakpower, representing 100% of its outstanding capital stock. The activities of Peakpower are to purchase, acquire, own, and hold, shares of stock, equity, rights, and property of energy companies, firms, associations, or corporations and other personal properties as may be necessary or incidental to the conduct of the corporate business, and to pay in cash, shares of its capital stock, debentures and other evidences of indebtedness, or other securities, as may be deemed expedient, for any business or property acquired by the corporation and to provide management services and/or shared services to its subsidiaries and affiliates or to third parties engaged in the energy business.

Source: https://www.reuters.com/finance/stocks/BRN.PS/key-developments/article/2692617