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Cielo Waste Solutions ( (TSE:CMC) ) has provided an announcement.
Cielo Waste Solutions Corp. has executed an amended settlement agreement with Expander Energy Inc. and related parties, effectively unwinding certain previous transactions. This agreement involves the cancellation of approximately 40 million shares, with the potential for an additional 20 million shares to be surrendered by the end of 2025. The company has also issued a promissory note for C$748,208.79 to settle outstanding fees and terminated various agreements with Expander. This move is expected to streamline Cielo’s operations and potentially strengthen its market position by resolving legal disputes and reducing share dilution.
Spark’s Take on TSE:CMC Stock
According to Spark, TipRanks’ AI Analyst, TSE:CMC is a Underperform.
Cielo Waste Solutions’ stock faces significant challenges, with its financial instability being the most critical factor. The lack of revenue, high losses, and weak balance sheet pose severe risks. Technical analysis supports a bearish outlook, while valuation metrics and recent corporate events further highlight the stock’s precarious position.
To see Spark’s full report on TSE:CMC stock, click here.
More about Cielo Waste Solutions
Cielo Waste Solutions Corp. is a publicly traded company focused on transforming waste materials into high-value renewable fuels. The company aims to address global waste challenges, contribute to the circular economy, and reduce carbon emissions by being a leader in the wood by-product-to-fuels industry using environmentally friendly and economically sustainable technologies.
Average Trading Volume: 58,690
Technical Sentiment Signal: Sell
Current Market Cap: C$6.47M
For detailed information about CMC stock, go to TipRanks’ Stock Analysis page.