Cielo Waste Solutions Faces Shareholder Requisition for Board Overhaul

The latest update is out from Cielo Waste Solutions ( (TSE:CMC) ).

Cielo Waste Solutions has received a shareholder meeting requisition from Expander Energy, its largest shareholder, to address significant changes in the company’s board of directors and governance structure. Expander seeks to replace the current board with its nominees and gain control of the company, attributing Cielo’s share price decline to the existing board. Cielo’s management, however, attributes the decline to broader market conditions and is committed to its turnaround strategy for long-term growth, emphasizing ongoing dialogue with shareholders and good governance.

More about Cielo Waste Solutions

Cielo Waste Solutions Corp. is a publicly traded company specializing in converting waste materials into renewable fuels such as diesel, kerosene, and naphtha. Utilizing proprietary technology, Cielo aims to offer environmentally friendly alternatives to traditional fossil fuels, supporting a circular economy and sustainable future.

YTD Price Performance: -35.00%

Average Trading Volume: 60,787

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$9.41M

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