1015-00001 · Graymont Brothers Inc · Blue Sky

blue-sky-filing-checklist.xlsx DOCUMENT Capital Markets

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[sheet: Filing Overview]

Field	Value
Issuer	Calloway-Briggs Renewables Inc.
Issuer State of Incorporation	Delaware
Issuer Headquarters	4200 Ridgeline Parkway, Suite 1100, Austin, TX 78746
Issuer EIN	83-4027615
C&H Matter Number	1015-00001
Proposed Exchange Listing	New York Stock Exchange
Proposed Ticker Symbol	CBRI
Security Type	Common Stock, par value $0.01 per share
Aggregate Offering Size	$600,000,000 (including overallotment)
Base Offering Size	$521,700,000
Overallotment (15% Greenshoe)	$78,300,000
Assumed IPO Price (Midpoint)	$22.00 per share
Total Shares (Full Exercise)	27,272,727
Lead-Left Book-Runner	Hargrove Keating & Co.
Issuer's Counsel	Calderwood & Harkness LLP
Underwriters' Counsel	Prescott, Danforth & Yee LLP
Responsible Partner (C&H)	Jennifer Kwon
Lead Associate (C&H)	Brendan Walsh
Working Associate (C&H)	Natasha Forbes
DRS-1 Confidential Submission Date	April 11, 2022
SEC First-Round Comment Letter	May 6, 2022 (18 comments)
Amendment No. 1 Filed	May 20, 2022
SEC Second-Round Comment Letter	June 3, 2022 (7 comments)
Amendment No. 2 Filed	June 10, 2022

SEC Oral Clearance	June 14, 2022
Offering Status	DORMANT — Placed in dormant status June 17, 2022
NSMIA Preemption Applicable	Yes — Covered securities listed on the NYSE are preempted from state registration under Section 18 of the Securities Act (NSMIA)
State Filing Requirement Summary	No state registration required for the offering of covered securities; certain states require notice filings, fee payments, and/or consent to service of process (Form U-2)
Tracker Last Updated	June 17, 2022
Prepared By	Natasha Forbes, Calderwood & Harkness LLP

[sheet: State Filing Tracker]

No.

State / Jurisdiction

CBR Operations in State

NSMIA Preempted

Notice Filing Required

Filing Fee Amount

Form U-2 Required

Additional State Forms Required

Filing Deadline / Timing

Filing Status

Date Filed

Confirmation / Receipt No.

Notes

Alabama

None

Yes

None

N/A

Pending — Offering Dormant

N/A

No notice filing required; NSMIA preemption applies to NYSE-listed covered securities

Alaska

None

Yes

None

N/A

Pending — Offering Dormant

N/A

No notice filing required

Arizona

Yes — Painted Rock Solar (Maricopa County)

Yes

$250

Yes

State notice form

Prior to or concurrent with first sale in state

Pending — Offering Dormant

N/A

Notice filing and fee required; CBR operates Painted Rock Solar LLC in Maricopa County, AZ

Arkansas

None

Yes

None

N/A

Pending — Offering Dormant

N/A

No notice filing required

California

Yes — Copper Basin Solar + Storage development (Riverside County)

Yes

Variable — based on offering amount

Yes

CA Form 25102(n)

Prior to or concurrent with first sale in state

Pending — Offering Dormant

N/A

Notice filing required; fee based on aggregate offering amount; CBR has development pipeline in Riverside County, CA

Colorado

None

Yes

None

N/A

Pending — Offering Dormant

N/A

No notice filing required

Connecticut

None

Yes

$150

Yes

CT Form 33-920c

Prior to or concurrent with first sale in state

Pending — Offering Dormant

N/A

Notice filing and fee required

Delaware

Yes — State of incorporation; CBR Holdings LLC

Yes

None

N/A

Pending — Offering Dormant

N/A

No notice filing required; state of incorporation

District of Columbia

None

Yes

$250

Yes

DC notice form

Prior to or concurrent with first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

Florida

None

Yes

$1,000

FL notice filing

Within 5 business days of first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

Georgia

None

Yes

$250

None

N/A

Pending — Offering Dormant

N/A

Fee payment may be required

Hawaii

None

Yes

None

N/A

Pending — Offering Dormant

N/A

No notice filing required

Idaho

None

Yes

None

N/A

Pending — Offering Dormant

N/A

Notice filing; no fee

Illinois

None

Yes

$500

Yes

IL Form NF

Prior to or concurrent with first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

Indiana

None

Yes

$250

Yes

IN Form NF

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing, fee, and Form U-2 required

Iowa

None

Yes

None

N/A

Pending — Offering Dormant

N/A

No notice filing required

Kansas

None

Yes

$250

Yes

KS Form U-2

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing, fee, and consent to service

Kentucky

None

Yes

None

N/A

Pending — Offering Dormant

N/A

No notice filing required

Louisiana

None

Yes

$300

LA notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

Maine

None

Yes

$300

Yes

ME notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing, fee, and consent

Maryland

None

Yes

$100

MD notice form

Within 15 days of first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

Massachusetts

None

Yes

$300

Yes

MA Form NF

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

Michigan

None

Yes

None

N/A

Pending — Offering Dormant

N/A

No notice filing required

Minnesota

None

Yes

$100

MN notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

Mississippi

None

Yes

None

N/A

Pending — Offering Dormant

N/A

No notice filing required

Missouri

None

Yes

$100

MO notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

Montana

None

Yes

$200

Yes

MT notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing, fee, and consent

Nebraska

None

Yes

$200

Yes

NE notice form + Form U-2

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing, fee, and consent

Nevada

None

Yes

None

N/A

Pending — Offering Dormant

N/A

No notice filing required

New Hampshire

None

Yes

$500

Yes

NH notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

New Jersey

None

Yes

$250

NJ notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

New Mexico

Yes — Cimarron Solar (Doña Ana County)

Yes

$350

Yes

NM notice form

Prior to or concurrent with first sale

Pending — Offering Dormant

N/A

Notice filing and fee required; CBR operates Cimarron Solar Development LLC in Doña Ana County, NM

New York

None — but multiple advisors based in NY

Yes

Variable — based on offering amount (fee schedule applies)

NY Form 99 / Form M-11

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required; C&H, HK&Co., PD&Y, WA&D, A&P, CSS, Ridgeway, Fenwick Place, Broadmark all based in New York

North Carolina

None

Yes

$250

NC notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

North Dakota

None

Yes

$100

Yes

ND notice form + Form U-2

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing, fee, and consent

Ohio

None

Yes

$100

OH notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

Oklahoma

Yes — Red Mesa Wind (Custer County)

Yes

$250

Yes

OK notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required; CBR operates Red Mesa Wind Energy LLC in Custer County, OK

Oregon

None

Yes

$250

OR notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

Pennsylvania

None

Yes

$500

Yes

PA notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing, fee, and consent

Rhode Island

None

Yes

$300

Yes

RI notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing, fee, and consent

South Carolina

None

Yes

$300

SC notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

South Dakota

None

Yes

$250

SD notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

Tennessee

None

Yes

$500

TN notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

Texas

Yes — Headquarters; multiple projects (Solaris West, Pronghorn Wind, Brazos Storage, Mesquite Wind)

Yes

$500

TX notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required; CBR HQ in Austin, TX; operates Solaris West Solar LLC (Pecos County), Pronghorn Wind LLC (Nolan County), Brazos Energy Storage LLC (Fort Bend County), Mesquite Wind Holdings LLC (Oldham County); CB Operating and CBR Development also TX entities

Utah

None

Yes

$200

UT notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

Vermont

None

Yes

$600

Yes

VT notice form + Form U-2

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing, fee, and consent

Virginia

None

Yes

$250

VA notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

Washington

None

Yes

$300

WA notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

West Virginia

None

Yes

$250

Yes

WV notice form + Form U-2

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing, fee, and consent

Wisconsin

None

Yes

$200

WI notice form

Prior to first sale

Pending — Offering Dormant

N/A

Notice filing and fee required

Wyoming

None

Yes

None

N/A

Pending — Offering Dormant

N/A

No notice filing required

[sheet: Fee Summary]

State / Jurisdiction	Notice Filing Required	Estimated Filing Fee	Form U-2 Required	Status
Arizona	Yes	$250	Yes	Pending — Offering Dormant
California	Yes	TBD (variable)	Yes	Pending — Offering Dormant
Connecticut	Yes	$150	Yes	Pending — Offering Dormant
District of Columbia	Yes	$250	Yes	Pending — Offering Dormant
Florida	Yes	$1,000	No	Pending — Offering Dormant
Georgia	Yes (fee only)	$250	No	Pending — Offering Dormant
Idaho	Yes	$0	No	Pending — Offering Dormant
Illinois	Yes	$500	Yes	Pending — Offering Dormant
Indiana	Yes	$250	Yes	Pending — Offering Dormant
Kansas	Yes	$250	Yes	Pending — Offering Dormant
Louisiana	Yes	$300	No	Pending — Offering Dormant
Maine	Yes	$300	Yes	Pending — Offering Dormant
Maryland	Yes	$100	No	Pending — Offering Dormant
Massachusetts	Yes	$300	Yes	Pending — Offering Dormant
Minnesota	Yes	$100	No	Pending — Offering Dormant
Missouri	Yes	$100	No	Pending — Offering Dormant
Montana	Yes	$200	Yes	Pending — Offering Dormant
Nebraska	Yes	$200	Yes	Pending — Offering Dormant
New Hampshire	Yes	$500	Yes	Pending — Offering Dormant
New Jersey	Yes	$250	No	Pending — Offering Dormant
New Mexico	Yes	$350	Yes	Pending — Offering Dormant
New York	Yes	TBD (variable)	No	Pending — Offering Dormant
North Carolina	Yes	$250	No	Pending — Offering Dormant
North Dakota	Yes	$100	Yes	Pending — Offering Dormant

Ohio	Yes	$100	No	Pending — Offering Dormant
Oklahoma	Yes	$250	Yes	Pending — Offering Dormant
Oregon	Yes	$250	No	Pending — Offering Dormant
Pennsylvania	Yes	$500	Yes	Pending — Offering Dormant
Rhode Island	Yes	$300	Yes	Pending — Offering Dormant
South Carolina	Yes	$300	No	Pending — Offering Dormant
South Dakota	Yes	$250	No	Pending — Offering Dormant
Tennessee	Yes	$500	No	Pending — Offering Dormant
Texas	Yes	$500	No	Pending — Offering Dormant
Utah	Yes	$200	No	Pending — Offering Dormant
Vermont	Yes	$600	Yes	Pending — Offering Dormant
Virginia	Yes	$250	No	Pending — Offering Dormant
Washington	Yes	$300	No	Pending — Offering Dormant
West Virginia	Yes	$250	Yes	Pending — Offering Dormant
Wisconsin	Yes	$200	No	Pending — Offering Dormant
TOTAL (Estimated, excl. variable)	—	~$9,900 + variable (CA and NY)	—	All Pending — Offering Dormant

[sheet: Form U-2 Tracker]

No.	State	Form U-2 Required	Designated Agent for Service	Form U-2 Prepared	Form U-2 Executed	Date Filed	Status	Notes
1	Arizona	Yes	Arizona Corporation Commission	No	No	N/A	Pending — Offering Dormant	Template Form U-2 prepared; awaiting reactivation
2	California	Yes	California Dept. of Financial Protection and Innovation	No	No	N/A	Pending — Offering Dormant
3	Connecticut	Yes	Connecticut Banking Commissioner	No	No	N/A	Pending — Offering Dormant
4	District of Columbia	Yes	DC Dept. of Insurance, Securities and Banking	No	No	N/A	Pending — Offering Dormant
5	Illinois	Yes	Illinois Secretary of State, Securities Department	No	No	N/A	Pending — Offering Dormant
6	Indiana	Yes	Indiana Secretary of State, Securities Division	No	No	N/A	Pending — Offering Dormant
7	Kansas	Yes	Kansas Securities Commissioner	No	No	N/A	Pending — Offering Dormant
8	Maine	Yes	Maine Office of Securities	No	No	N/A	Pending — Offering Dormant
9	Massachusetts	Yes	Massachusetts Secretary of the Commonwealth, Securities Division	No	No	N/A	Pending — Offering Dormant
10	Montana	Yes	Montana State Auditor, Securities Department	No	No	N/A	Pending — Offering Dormant
11	Nebraska	Yes	Nebraska Dept. of Banking and Finance, Bureau of Securities	No	No	N/A	Pending — Offering Dormant
12	New Hampshire	Yes	New Hampshire Secretary of State, Bureau of Securities Regulation	No	No	N/A	Pending — Offering Dormant
13	New Mexico	Yes	New Mexico Regulation and Licensing Dept., Securities Division	No	No	N/A	Pending — Offering Dormant	CBR operates Cimarron Solar Development LLC in NM
14	North Dakota	Yes	North Dakota Securities Commissioner	No	No	N/A	Pending — Offering Dormant
15	Oklahoma	Yes	Oklahoma Dept. of Securities	No	No	N/A	Pending — Offering Dormant	CBR operates Red Mesa Wind Energy LLC in OK
16	Pennsylvania	Yes	Pennsylvania Dept. of Banking and Securities	No	No	N/A	Pending — Offering Dormant
17	Rhode Island	Yes	Rhode Island Dept. of Business Regulation, Securities Division	No	No	N/A	Pending — Offering Dormant
18	Vermont	Yes	Vermont Dept. of Financial Regulation	No	No	N/A	Pending — Offering Dormant
19	West Virginia	Yes	West Virginia Auditor, Securities Commission	No	No	N/A	Pending — Offering Dormant

[sheet: Notes and Legend]

Item	Description
NSMIA Preemption	Section 18 of the Securities Act of 1933, as amended by the National Securities Markets Improvement Act of 1996 (NSMIA), preempts state registration and qualification requirements for 'covered securities,' which include securities listed or authorized for listing on the NYSE. Accordingly, no state registration or qualification is required for the offering of CBR common stock on the NYSE. Certain states, however, require notice filings, fee payments, and/or consent to service of process.
Covered Security	Common Stock of Calloway-Briggs Renewables Inc. to be listed on the New York Stock Exchange under proposed ticker symbol CBRI qualifies as a 'covered security' under Section 18(b)(1) of the Securities Act.
Notice Filing	A filing with a state securities regulator that provides notice of the offering of covered securities in or into the state. Does not constitute state registration or qualification.
Form U-2	Uniform Consent to Service of Process — a standard form by which the issuer irrevocably appoints the state securities administrator as its agent for service of process in connection with actions arising from the offering.
Status: Pending — Offering Dormant	The IPO of Calloway-Briggs Renewables Inc. was placed in dormant status on June 17, 2022 following the mutual decision of the Company and the underwriters to postpone the offering due to deteriorating market conditions in the renewables sector. No blue sky filings have been made. All filings remain pending and will be completed upon reactivation of the offering.
Reactivation Steps — Blue Sky	Upon reactivation: (1) confirm current fee schedules for each state; (2) update Form U-2 as needed; (3) coordinate with Ridgeway Financial Printing Corp. (Alan Greenidge) for EDGAR and state filing logistics; (4) file notice filings and Form U-2s concurrently with or prior to the first sale of shares; (5) confirm secondary-market trading exemptions for all 50 states and DC.
Secondary-Market Trading	Following the IPO, secondary-market trading of CBR common stock on the NYSE is generally exempt from state blue sky registration requirements as sales of covered securities. No additional state filings are expected to be required for secondary-market trading.
Key Contacts — C&H	Responsible Partner: Jennifer Kwon	Lead Associate: Brendan Walsh	Working Associate: Natasha Forbes	Calderwood & Harkness LLP, 599 Lexington Avenue, New York, NY 10022
Key Contacts — Underwriters' Counsel	Margaret Yee, Partner	Prescott, Danforth & Yee LLP, 1271 Avenue of the Americas, New York, NY 10020
Key Contacts — CBR	Sandra Haverford, General Counsel & Corporate Secretary	Calloway-Briggs Renewables Inc., 4200 Ridgeline Parkway, Suite 1100, Austin, TX 78746
CBR States of Operation	Texas (HQ and multiple projects: Solaris West — Pecos County, Pronghorn Wind — Nolan County, Brazos Storage — Fort Bend County, Mesquite Wind — Oldham County); New Mexico (Cimarron Solar — Doña Ana County); Arizona (Painted Rock Solar — Maricopa County); California (Copper Basin Solar + Storage development — Riverside County); Oklahoma (Red Mesa Wind — Custer County)
Disclaimer	This tracker is a working document of Calderwood & Harkness LLP maintained under C&H Matter No. 1015-00001. It is subject to attorney-client privilege and work-product protection. State blue sky requirements are subject to change; fees and filing requirements should be confirmed at the time of reactivation.

[sheet: Filing Overview]
Field | Value
Issuer | Calloway-Briggs Renewables Inc.
Issuer State of Incorporation | Delaware
Issuer Headquarters | 4200 Ridgeline Parkway, Suite 1100, Austin, TX 78746
Issuer EIN | 83-4027615
C&H Matter Number | 1015-00001
Proposed Exchange Listing | New York Stock Exchange
Proposed Ticker Symbol | CBRI
Security Type | Common Stock, par value $0.01 per share
Aggregate Offering Size | $600,000,000 (including overallotment)
Base Offering Size | $521,700,000
Overallotment (15% Greenshoe) | $78,300,000
Assumed IPO Price (Midpoint) | $22.00 per share
Total Shares (Full Exercise) | 27,272,727
Lead-Left Book-Runner | Hargrove Keating & Co.
Issuer's Counsel | Calderwood & Harkness LLP
Underwriters' Counsel | Prescott, Danforth & Yee LLP
Responsible Partner (C&H) | Jennifer Kwon
Lead Associate (C&H) | Brendan Walsh
Working Associate (C&H) | Natasha Forbes
DRS-1 Confidential Submission Date | April 11, 2022
SEC First-Round Comment Letter | May 6, 2022 (18 comments)
Amendment No. 1 Filed | May 20, 2022
SEC Second-Round Comment Letter | June 3, 2022 (7 comments)
Amendment No. 2 Filed | June 10, 2022
SEC Oral Clearance | June 14, 2022
Offering Status | DORMANT — Placed in dormant status June 17, 2022
NSMIA Preemption Applicable | Yes — Covered securities listed on the NYSE are preempted from state registration under Section 18 of the Securities Act (NSMIA)
State Filing Requirement Summary | No state registration required for the offering of covered securities; certain states require notice filings, fee payments, and/or consent to service of process (Form U-2)
Tracker Last Updated | June 17, 2022
Prepared By | Natasha Forbes, Calderwood & Harkness LLP
[sheet: State Filing Tracker]
No. | State / Jurisdiction | CBR Operations in State | NSMIA Preempted | Notice Filing Required | Filing Fee Amount | Form U-2 Required | Additional State Forms Required | Filing Deadline / Timing | Filing Status | Date Filed | Confirmation / Receipt No. | Notes
1 | Alabama | None | Yes | No | $0 | No | None | N/A | Pending — Offering Dormant | N/A | N/A | No notice filing required; NSMIA preemption applies to NYSE-listed covered securities
2 | Alaska | None | Yes | No | $0 | No | None | N/A | Pending — Offering Dormant | N/A | N/A | No notice filing required
3 | Arizona | Yes — Painted Rock Solar (Maricopa County) | Yes | Yes | $250 | Yes | State notice form | Prior to or concurrent with first sale in state | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required; CBR operates Painted Rock Solar LLC in Maricopa County, AZ
4 | Arkansas | None | Yes | No | $0 | No | None | N/A | Pending — Offering Dormant | N/A | N/A | No notice filing required
5 | California | Yes — Copper Basin Solar + Storage development (Riverside County) | Yes | Yes | Variable — based on offering amount | Yes | CA Form 25102(n) | Prior to or concurrent with first sale in state | Pending — Offering Dormant | N/A | N/A | Notice filing required; fee based on aggregate offering amount; CBR has development pipeline in Riverside County, CA
6 | Colorado | None | Yes | No | $0 | No | None | N/A | Pending — Offering Dormant | N/A | N/A | No notice filing required
7 | Connecticut | None | Yes | Yes | $150 | Yes | CT Form 33-920c | Prior to or concurrent with first sale in state | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
8 | Delaware | Yes — State of incorporation; CBR Holdings LLC | Yes | No | $0 | No | None | N/A | Pending — Offering Dormant | N/A | N/A | No notice filing required; state of incorporation
9 | District of Columbia | None | Yes | Yes | $250 | Yes | DC notice form | Prior to or concurrent with first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
10 | Florida | None | Yes | Yes | $1,000 | No | FL notice filing | Within 5 business days of first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
11 | Georgia | None | Yes | No | $250 | No | None | N/A | Pending — Offering Dormant | N/A | N/A | Fee payment may be required
12 | Hawaii | None | Yes | No | $0 | No | None | N/A | Pending — Offering Dormant | N/A | N/A | No notice filing required
13 | Idaho | None | Yes | Yes | $0 | No | None | N/A | Pending — Offering Dormant | N/A | N/A | Notice filing; no fee
14 | Illinois | None | Yes | Yes | $500 | Yes | IL Form NF | Prior to or concurrent with first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
15 | Indiana | None | Yes | Yes | $250 | Yes | IN Form NF | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing, fee, and Form U-2 required
16 | Iowa | None | Yes | No | $0 | No | None | N/A | Pending — Offering Dormant | N/A | N/A | No notice filing required
17 | Kansas | None | Yes | Yes | $250 | Yes | KS Form U-2 | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing, fee, and consent to service
18 | Kentucky | None | Yes | No | $0 | No | None | N/A | Pending — Offering Dormant | N/A | N/A | No notice filing required
19 | Louisiana | None | Yes | Yes | $300 | No | LA notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
20 | Maine | None | Yes | Yes | $300 | Yes | ME notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing, fee, and consent
21 | Maryland | None | Yes | Yes | $100 | No | MD notice form | Within 15 days of first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
22 | Massachusetts | None | Yes | Yes | $300 | Yes | MA Form NF | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
23 | Michigan | None | Yes | No | $0 | No | None | N/A | Pending — Offering Dormant | N/A | N/A | No notice filing required
24 | Minnesota | None | Yes | Yes | $100 | No | MN notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
25 | Mississippi | None | Yes | No | $0 | No | None | N/A | Pending — Offering Dormant | N/A | N/A | No notice filing required
26 | Missouri | None | Yes | Yes | $100 | No | MO notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
27 | Montana | None | Yes | Yes | $200 | Yes | MT notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing, fee, and consent
28 | Nebraska | None | Yes | Yes | $200 | Yes | NE notice form + Form U-2 | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing, fee, and consent
29 | Nevada | None | Yes | No | $0 | No | None | N/A | Pending — Offering Dormant | N/A | N/A | No notice filing required
30 | New Hampshire | None | Yes | Yes | $500 | Yes | NH notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
31 | New Jersey | None | Yes | Yes | $250 | No | NJ notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
32 | New Mexico | Yes — Cimarron Solar (Doña Ana County) | Yes | Yes | $350 | Yes | NM notice form | Prior to or concurrent with first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required; CBR operates Cimarron Solar Development LLC in Doña Ana County, NM
33 | New York | None — but multiple advisors based in NY | Yes | Yes | Variable — based on offering amount (fee schedule applies) | No | NY Form 99 / Form M-11 | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required; C&H, HK&Co., PD&Y, WA&D, A&P, CSS, Ridgeway, Fenwick Place, Broadmark all based in New York
34 | North Carolina | None | Yes | Yes | $250 | No | NC notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
35 | North Dakota | None | Yes | Yes | $100 | Yes | ND notice form + Form U-2 | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing, fee, and consent
36 | Ohio | None | Yes | Yes | $100 | No | OH notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
37 | Oklahoma | Yes — Red Mesa Wind (Custer County) | Yes | Yes | $250 | Yes | OK notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required; CBR operates Red Mesa Wind Energy LLC in Custer County, OK
38 | Oregon | None | Yes | Yes | $250 | No | OR notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
39 | Pennsylvania | None | Yes | Yes | $500 | Yes | PA notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing, fee, and consent
40 | Rhode Island | None | Yes | Yes | $300 | Yes | RI notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing, fee, and consent
41 | South Carolina | None | Yes | Yes | $300 | No | SC notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
42 | South Dakota | None | Yes | Yes | $250 | No | SD notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
43 | Tennessee | None | Yes | Yes | $500 | No | TN notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
44 | Texas | Yes — Headquarters; multiple projects (Solaris West, Pronghorn Wind, Brazos Storage, Mesquite Wind) | Yes | Yes | $500 | No | TX notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required; CBR HQ in Austin, TX; operates Solaris West Solar LLC (Pecos County), Pronghorn Wind LLC (Nolan County), Brazos Energy Storage LLC (Fort Bend County), Mesquite Wind Holdings LLC (Oldham County); CB Operating and CBR Development also TX entities
45 | Utah | None | Yes | Yes | $200 | No | UT notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
46 | Vermont | None | Yes | Yes | $600 | Yes | VT notice form + Form U-2 | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing, fee, and consent
47 | Virginia | None | Yes | Yes | $250 | No | VA notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
48 | Washington | None | Yes | Yes | $300 | No | WA notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
49 | West Virginia | None | Yes | Yes | $250 | Yes | WV notice form + Form U-2 | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing, fee, and consent
50 | Wisconsin | None | Yes | Yes | $200 | No | WI notice form | Prior to first sale | Pending — Offering Dormant | N/A | N/A | Notice filing and fee required
51 | Wyoming | None | Yes | No | $0 | No | None | N/A | Pending — Offering Dormant | N/A | N/A | No notice filing required
[sheet: Fee Summary]
State / Jurisdiction | Notice Filing Required | Estimated Filing Fee | Form U-2 Required | Status
Arizona | Yes | $250 | Yes | Pending — Offering Dormant
California | Yes | TBD (variable) | Yes | Pending — Offering Dormant
Connecticut | Yes | $150 | Yes | Pending — Offering Dormant
District of Columbia | Yes | $250 | Yes | Pending — Offering Dormant
Florida | Yes | $1,000 | No | Pending — Offering Dormant
Georgia | Yes (fee only) | $250 | No | Pending — Offering Dormant
Idaho | Yes | $0 | No | Pending — Offering Dormant
Illinois | Yes | $500 | Yes | Pending — Offering Dormant
Indiana | Yes | $250 | Yes | Pending — Offering Dormant
Kansas | Yes | $250 | Yes | Pending — Offering Dormant
Louisiana | Yes | $300 | No | Pending — Offering Dormant
Maine | Yes | $300 | Yes | Pending — Offering Dormant
Maryland | Yes | $100 | No | Pending — Offering Dormant
Massachusetts | Yes | $300 | Yes | Pending — Offering Dormant
Minnesota | Yes | $100 | No | Pending — Offering Dormant
Missouri | Yes | $100 | No | Pending — Offering Dormant
Montana | Yes | $200 | Yes | Pending — Offering Dormant
Nebraska | Yes | $200 | Yes | Pending — Offering Dormant
New Hampshire | Yes | $500 | Yes | Pending — Offering Dormant
New Jersey | Yes | $250 | No | Pending — Offering Dormant
New Mexico | Yes | $350 | Yes | Pending — Offering Dormant
New York | Yes | TBD (variable) | No | Pending — Offering Dormant
North Carolina | Yes | $250 | No | Pending — Offering Dormant
North Dakota | Yes | $100 | Yes | Pending — Offering Dormant
Ohio | Yes | $100 | No | Pending — Offering Dormant
Oklahoma | Yes | $250 | Yes | Pending — Offering Dormant
Oregon | Yes | $250 | No | Pending — Offering Dormant
Pennsylvania | Yes | $500 | Yes | Pending — Offering Dormant
Rhode Island | Yes | $300 | Yes | Pending — Offering Dormant
South Carolina | Yes | $300 | No | Pending — Offering Dormant
South Dakota | Yes | $250 | No | Pending — Offering Dormant
Tennessee | Yes | $500 | No | Pending — Offering Dormant
Texas | Yes | $500 | No | Pending — Offering Dormant
Utah | Yes | $200 | No | Pending — Offering Dormant
Vermont | Yes | $600 | Yes | Pending — Offering Dormant
Virginia | Yes | $250 | No | Pending — Offering Dormant
Washington | Yes | $300 | No | Pending — Offering Dormant
West Virginia | Yes | $250 | Yes | Pending — Offering Dormant
Wisconsin | Yes | $200 | No | Pending — Offering Dormant
TOTAL (Estimated, excl. variable) | — | ~$9,900 + variable (CA and NY) | — | All Pending — Offering Dormant
[sheet: Form U-2 Tracker]
No. | State | Form U-2 Required | Designated Agent for Service | Form U-2 Prepared | Form U-2 Executed | Date Filed | Status | Notes
1 | Arizona | Yes | Arizona Corporation Commission | No | No | N/A | Pending — Offering Dormant | Template Form U-2 prepared; awaiting reactivation
2 | California | Yes | California Dept. of Financial Protection and Innovation | No | No | N/A | Pending — Offering Dormant
3 | Connecticut | Yes | Connecticut Banking Commissioner | No | No | N/A | Pending — Offering Dormant
4 | District of Columbia | Yes | DC Dept. of Insurance, Securities and Banking | No | No | N/A | Pending — Offering Dormant
5 | Illinois | Yes | Illinois Secretary of State, Securities Department | No | No | N/A | Pending — Offering Dormant
6 | Indiana | Yes | Indiana Secretary of State, Securities Division | No | No | N/A | Pending — Offering Dormant
7 | Kansas | Yes | Kansas Securities Commissioner | No | No | N/A | Pending — Offering Dormant
8 | Maine | Yes | Maine Office of Securities | No | No | N/A | Pending — Offering Dormant
9 | Massachusetts | Yes | Massachusetts Secretary of the Commonwealth, Securities Division | No | No | N/A | Pending — Offering Dormant
10 | Montana | Yes | Montana State Auditor, Securities Department | No | No | N/A | Pending — Offering Dormant
11 | Nebraska | Yes | Nebraska Dept. of Banking and Finance, Bureau of Securities | No | No | N/A | Pending — Offering Dormant
12 | New Hampshire | Yes | New Hampshire Secretary of State, Bureau of Securities Regulation | No | No | N/A | Pending — Offering Dormant
13 | New Mexico | Yes | New Mexico Regulation and Licensing Dept., Securities Division | No | No | N/A | Pending — Offering Dormant | CBR operates Cimarron Solar Development LLC in NM
14 | North Dakota | Yes | North Dakota Securities Commissioner | No | No | N/A | Pending — Offering Dormant
15 | Oklahoma | Yes | Oklahoma Dept. of Securities | No | No | N/A | Pending — Offering Dormant | CBR operates Red Mesa Wind Energy LLC in OK
16 | Pennsylvania | Yes | Pennsylvania Dept. of Banking and Securities | No | No | N/A | Pending — Offering Dormant
17 | Rhode Island | Yes | Rhode Island Dept. of Business Regulation, Securities Division | No | No | N/A | Pending — Offering Dormant
18 | Vermont | Yes | Vermont Dept. of Financial Regulation | No | No | N/A | Pending — Offering Dormant
19 | West Virginia | Yes | West Virginia Auditor, Securities Commission | No | No | N/A | Pending — Offering Dormant
[sheet: Notes and Legend]
Item | Description
NSMIA Preemption | Section 18 of the Securities Act of 1933, as amended by the National Securities Markets Improvement Act of 1996 (NSMIA), preempts state registration and qualification requirements for 'covered securities,' which include securities listed or authorized for listing on the NYSE. Accordingly, no state registration or qualification is required for the offering of CBR common stock on the NYSE. Certain states, however, require notice filings, fee payments, and/or consent to service of process.
Covered Security | Common Stock of Calloway-Briggs Renewables Inc. to be listed on the New York Stock Exchange under proposed ticker symbol CBRI qualifies as a 'covered security' under Section 18(b)(1) of the Securities Act.
Notice Filing | A filing with a state securities regulator that provides notice of the offering of covered securities in or into the state. Does not constitute state registration or qualification.
Form U-2 | Uniform Consent to Service of Process — a standard form by which the issuer irrevocably appoints the state securities administrator as its agent for service of process in connection with actions arising from the offering.
Status: Pending — Offering Dormant | The IPO of Calloway-Briggs Renewables Inc. was placed in dormant status on June 17, 2022 following the mutual decision of the Company and the underwriters to postpone the offering due to deteriorating market conditions in the renewables sector. No blue sky filings have been made. All filings remain pending and will be completed upon reactivation of the offering.
Reactivation Steps — Blue Sky | Upon reactivation: (1) confirm current fee schedules for each state; (2) update Form U-2 as needed; (3) coordinate with Ridgeway Financial Printing Corp. (Alan Greenidge) for EDGAR and state filing logistics; (4) file notice filings and Form U-2s concurrently with or prior to the first sale of shares; (5) confirm secondary-market trading exemptions for all 50 states and DC.
Secondary-Market Trading | Following the IPO, secondary-market trading of CBR common stock on the NYSE is generally exempt from state blue sky registration requirements as sales of covered securities. No additional state filings are expected to be required for secondary-market trading.
Key Contacts — C&H | Responsible Partner: Jennifer Kwon | Lead Associate: Brendan Walsh | Working Associate: Natasha Forbes | Calderwood & Harkness LLP, 599 Lexington Avenue, New York, NY 10022
Key Contacts — Underwriters' Counsel | Margaret Yee, Partner | Prescott, Danforth & Yee LLP, 1271 Avenue of the Americas, New York, NY 10020
Key Contacts — CBR | Sandra Haverford, General Counsel & Corporate Secretary | Calloway-Briggs Renewables Inc., 4200 Ridgeline Parkway, Suite 1100, Austin, TX 78746
CBR States of Operation | Texas (HQ and multiple projects: Solaris West — Pecos County, Pronghorn Wind — Nolan County, Brazos Storage — Fort Bend County, Mesquite Wind — Oldham County); New Mexico (Cimarron Solar — Doña Ana County); Arizona (Painted Rock Solar — Maricopa County); California (Copper Basin Solar + Storage development — Riverside County); Oklahoma (Red Mesa Wind — Custer County)
Disclaimer | This tracker is a working document of Calderwood & Harkness LLP maintained under C&H Matter No. 1015-00001. It is subject to attorney-client privilege and work-product protection. State blue sky requirements are subject to change; fees and filing requirements should be confirmed at the time of reactivation.

[sheet: Filing Overview]

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