ITEM 8.01 Other Events

On March 16, 2020 Pierre Corp. acquired all of the outstanding shares of Fourth Wave Energy, Inc. for 6,200,000 restricted shares of Pierre Corp's common stock.

Fourth Wave has designed an energy system which is based on combining solar power and other energy efficient technologies into one fully integrated system. The Fourth Wave energy system is designed to significantly reduce energy consumption and associated carbon emissions in residences and commercial buildings.



     The Fourth Wave energy system is:

     o    powered by solar  photovoltaics  and is managed  with  direct  current
          advanced energy management controls

     o    uses:

          o    advanced battery storage systems;
          o    efficient HVAC via ground-source energy;
          o    LED lighting; and
          o    solar energy for hot water heating.

     o    can be  customized  for  new  building  construction  and to  retrofit
          existing structures.

In connection with this acquisition Pierre Corp. entered into consulting agreements with certain founders of Fourth Wave. The consulting agreements required Pierre Corp. to collectively pay $385,000 in consulting fees during the terms of the consulting agreements, all but one of which expire between May 31 and June 30, 2020. One consulting agreement is for a twelve month period and expires in the spring of 2021.

On May 7, 2020 Pierre Corp. signed an Option Agreement with GEOS Neighborhood, LLC to acquire approximately 8 acres of undeveloped land in Arvada, Colorado. If the option was exercised Pierre Corp. planned to build energy efficient homes/townhomes on the undeveloped land. Pierre Corp. did not exercise the option and the option expired on June 18, 2020.

After the option with GEOS Neighborhood's expired, Pierre Corp. decided to proceed with the development of a clean energy system known as the GeoSolar Plus System ("GPS").

The GSP system is designed to significantly reduce energy consumption and associated greenhouse gas emissions in residences and commercial buildings, while improving indoor air quality. By improving the building envelope, reducing energy loads, and generating on-site renewable solar energy the system offers a highly-efficiency whole-home energy upgrade.



     The GSP system includes:

     o    home energy audit and environmental analysis;

     o    improved building envelope, including upgrades to insulation, sealing,
          and air tightness;

     o    on-site photovoltaic power generation;

     o    efficient heat pump heating,  ventilation, and air conditioning (HVAC)
          technology;

     o    LED lighting;

     o    heat pumps for domestic hot water heating;

     o    energy recovery ventilation systems;

     o    advanced air filtration and distribution; and

     o    220v electric vehicle charger





     Optional equipment and services includes:

     |X|  Battery storage system

     |X|  Hot tub and pool heaters

     |X|  Xeriscape and landscape design

     |X|  ground source geothermal technology for heating and cooling;

     o    air source  heating  and  cooling  depending  on home  conditions  and
          requirements;

Pierre Corp. planned to use a sales force that would market the GSP system directly to homeowners and planned to use independent subcontractors to replace a home's existing heating and air conditioning system with the GSP system.

As of December 31, 2020 no GSP Systems had been sold.

Name Change

On March 20, 2020, shareholders owning a majority of Pierre Corp's outstanding shares of common stock amended Pierre Corp.'s Articles of Incorporation to change the name of Pierre Corp. to Fourth Wave Energy, Inc. ("FWAV").



DeSol Power Tile

On August 18, 2020 FWAV entered into a non-binding Letter of Intent to acquire DeSol Power Tile, LLC for $900,000 in cash and shares of FWAV's common stock having a value of $100,000.

DeSol Power Tile is based in Atlanta, Georgia and has developed solar panels which act as the actual roof of a building.

For more information concerning DeSol Power Tile visit its website at https://www.desolpowertiles.com/.

The acquisition of DeSol Power Tile is subject to a number of conditions, including the execution of a definitive agreement between the parties.

Spin-Off

FWAV plans to concentrate on the sale of solar panel roofs and no longer plans to pursue the GSP System. As a result, on December 2, 2020 FWAV formed GeoSolar Technologies, Inc. ("GST") as a subsidiary of FWAV and subsequently transferred all of the rights to the GSP system to GST in exchange for shares of GST's common stock. Fourth Wave plans to distribute ("Spin-Off") these shares to its shareholders on the basis of one share of GST's common stock for each four shares held by a Fourth Wave shareholder.

GST also assumed all liabilities (approximately $385,000) associated with the consulting agreements previously signed by Fourth Wave Energy, Inc.

The Spin-Off is subject to the effectiveness of a registration statement that GST will file with the Securities and Exchange Commission. The date for determining which shareholders of FWAV will receive shares of GST in the Spin-Off (the "Record Date") will be determined shortly before the effective date of GST's registration statement. This report is not an offer of any securities of GST and GST is not soliciting offers to acquire the securities of GST.

© Edgar Online, source Glimpses