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Zefiro Methane Corp. "Rings the Bell" at Cboe Canada for its Initial Public Offering (IPO)
FORT LAUDERDALE, Fla., April 24, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (the "Company", "Zefiro", or "ZEFI") is pleased to announce that its common shares are now trading on the Cboe Canada Inc. ("Cboe Canada") exchange, as part of Zefiro's successful Initial Public Offering ("IPO") which was recently announced by the Company in a press release dated April 11, 2024. A ceremony took place yesterday at Cboe Canada's head office in Toronto, where Zefiro Founder and Chief Executive Officer Talal Debs PhD rang the bell alongside Zefiro team members.
Pictured From Left to Right During Zefiro's Bell-Ringing Ceremony at Cboe Canada's Office on April 23, 2024: Michael Downs and Jeffrey Slotterback of PhiCap Advisors LLC, Tina Reine (Chief Commercial Officer of Zefiro), Talal Debs PhD (Founder and Chief Executive Officer of Zefiro), and Luke Plants (Senior Vice President of Business Development of Zefiro, and CEO of Zefiro's subsidiary Plants & Goodwin, Inc.).
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Zefiro is focused on reducing emissions of methane gas, which is 25x to 84x more potent than carbon dioxide emissions. Through its asset retirement and environmental markets operations, Zefiro is the only fully integrated provider focused on the millions of sites throughout North America that continue to leak methane on a daily basis. Zefiro's partnerships with industry operators, state agencies, and federal governments are expected to continue increasing the Company's revenue and EBITDA growth for public shareholders.
Zefiro continues to build out its presence in the United States, where the latest expert estimates indicate that there are more than four million abandoned wells, with USD $4.7 billion in federal funding recently announced for orphaned well site plugging, remediation and restoring activities to help address the leading causes of the methane emissions crisis. Throughout 2023, Zefiro scaled its foundation as an environmental services company with its acquisition of Plants & Goodwin, Inc. (based in Bradford, Pennsylvania), and a strategic bolt-on acquisition of Appalachian Well Surveys, Inc., a wireline company in Cambridge, Ohio, which makes it fully integrated. In July 2023, Zefiro announced the presale of certified carbon credits to Mercuria Energy America, LLC, which is the United States-based division of one of the world's ...