Zefiro Methane Sets Date for Annual and Special General Meeting

Rhea-AI Summary

{"summary":"","positive":[],"negative":[],"faq":[]}

News Market Reaction

-5.94%

1 alert

-5.94% News Effect

On the day this news was published, ZEFIF declined 5.94%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Meeting date: March 4, 2026 Meeting time: 12:00 p.m. Eastern Record date: January 28, 2026 +1 more

4 metrics

Meeting date March 4, 2026 Annual and special general meeting of shareholders

Meeting time 12:00 p.m. Eastern Scheduled time of shareholder meeting on March 4, 2026

Record date January 28, 2026 Shareholders of record eligible to vote at the Meeting

AGM extension Three months Extension to hold 2025 annual general meeting to March 31, 2026

Market Reality Check

Price: $0.3300 Vol: Volume 40000 versus 20-da...

high vol

$0.3300 Last Close

Volume Volume 40000 versus 20-day average of 23516 shows elevated trading interest. high

Technical Price 0.2375 trading below 200-day MA at 0.28, reflecting a weaker trend.

Peers on Argus

Several peers in Oil & Gas Equipment & Services also traded weaker, with KEGX do...

Several peers in Oil & Gas Equipment & Services also traded weaker, with KEGX down -5.64% and GWTI down -10.42%, while GNOLF and BRYFF were flat, indicating mixed sector action versus ZEFIF’s decline.

Historical Context

5 past events · Latest: Dec 01 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 01	Insider share buying	Positive	-3.2%	CEO and board members bought 723,000 shares on the open market.
Nov 28	Debt settlements	Positive	-3.2%	Equity and options used to eliminate over CAD 400,000 of debt.
Nov 14	Record earnings	Positive	+6.7%	Record revenue and EBITDA with improved cash and equity positions.
Oct 14	Preliminary results	Positive	-0.2%	Preliminary record Q1 results and operational contract wins disclosed.
Oct 09	Governance investigation	Negative	-4.0%	Company announced an investigation into the former CEO’s conduct.

Pattern Detected

Recent history shows multiple positive corporate updates followed by negative price reactions, while clearly negative governance news has aligned with downside moves.

Recent Company History

This announcement continues a governance-related storyline involving Zefiro’s former CEO and shareholder dynamics. Earlier news on October 9, 2025 about investigating the former CEO coincided with a negative price move. Since then, Zefiro released several positive updates: record Q1 FY2026 financial results on November 14, 2025, balance-sheet strengthening via debt settlements on November 28, 2025, and insider open-market share purchases totaling 723,000 shares on December 1, 2025. Despite these, the stock often traded lower after good news, underscoring sensitivity to governance headlines like today’s meeting and dissident requisition details.

Market Pulse Summary

The stock moved -5.9% in the session following this news. A negative reaction despite largely proced...

Analysis

The stock moved -5.9% in the session following this news. A negative reaction despite largely procedural news fits a pattern where governance headlines have weighed on Zefiro. The Meeting set for March 4, 2026 and the dissident requisition highlight boardroom tension involving the former CEO. Earlier, news of an investigation into the former CEO coincided with a decline. Persistent concern that shareholder disputes could distract from recent record financial performance could have reinforced downside pressure.

Key Terms

annual and special general meeting, dissident requisition, Business Corporations Act (British Columbia), record date, +3 more

7 terms

annual and special general meeting regulatory

"it will hold an annual and special general meeting of shareholders on March 4, 2026"

A combined annual and special general meeting is a gathering of a company’s shareholders where routine yearly business—like electing directors and approving financial reports—is handled alongside one-off or urgent matters that need shareholder approval, such as major transactions or changes to corporate rules. Think of it as a company town hall that covers both the regular agenda and any special topics that can materially affect strategy, control, or shareholder value, so investors can vote, ask questions, and gauge management’s plans.

dissident requisition regulatory

"matters raised in a purported dissident requisition made pursuant to the Business"

A dissident requisition is a formal demand by one or more shareholders who disagree with current management to call a special meeting or place proposals on the company’s meeting agenda. Think of it like neighbors demanding a community meeting to vote on changes — it signals a push for leadership, strategy, or policy shifts and can lead to contested votes, legal costs, and stock price swings that matter to investors monitoring governance and risk.

Business Corporations Act (British Columbia) regulatory

"Requisition made pursuant to the Business Corporations Act (British Columbia)"

A provincial law that sets the rules for forming, managing and winding up corporations registered in British Columbia, including how directors and shareholders must act, what information companies must disclose, and how disputes are handled. Investors care because it provides a predictable rulebook — like referees and play-by-play rules in a game — that protects shareholder rights, clarifies management duties and disclosure obligations, and therefore affects a company’s legal risk and investment value.

record date regulatory

"The record date for the Meeting is January 28, 2026."

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

management information circular regulatory

"information about the Meeting in a management information circular"

A management information circular is a document sent to shareholders ahead of a company meeting that explains who is asking for votes, what decisions will be made, and why management recommends a particular outcome. Like an instruction booklet and argument sheet combined, it lays out details such as board nominees, executive pay, major transactions and any conflicts, helping investors decide how to vote and judge whether leadership choices could affect the company’s future value.

dissident's circular regulatory

"the Dissidents may prepare and send a dissident's circular in respect of same"

A dissident's circular is a written document distributed by one or more shareholders who oppose a company's board or proposed corporate actions; it lays out their complaints, alternative plans, and a request that other shareholders vote for change. It matters to investors because it signals a contested fight over control or strategy—similar to a rival campaign leaflet urging fans to back a new coach—and can lead to management changes, shifts in company direction, and share-price volatility.

advance notice policy regulatory

"has adopted an amended and restated advance notice policy (the "Policy")"

A corporate rule that sets a deadline and procedures for shareholders to notify the company if they want to add items or nominate directors for an upcoming shareholder meeting. It matters to investors because it determines who can influence a company’s leadership and agenda—similar to an RSVP and agenda cutoff for a meeting—so it affects how easily activists or dissident shareholders can propose changes or challenge management.

AI-generated analysis. Not financial advice.

Fort Lauderdale, Florida--(Newsfile Corp. - December 10, 2025) - ZEFIRO METHANE CORP. (Cboe CA: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI") announced today that it will hold an annual and special general meeting of shareholders on March 4, 2026 (the "Meeting"), at which normal-course annual meeting matters will be discussed as well as matters raised in a purported dissident requisition (the "Requisition") made pursuant to the Business Corporations Act (British Columbia) by Talal Debs, the former Chief Executive Officer of Zefiro, who was terminated from his executive position and is currently under investigation by the Company for potential misconduct, X Machina Sustainable Technologies Inc. and X Machina Capital Strategies Fund I LP (collectively, the "Dissidents").

The Registrar of Companies for the Province of British Columbia has allowed the Company to extend the time within which it is required to hold its annual general meeting for the year 2025 by three months from December 31, 2025 to March 31, 2026. The board of directors of the Company believes that holding one Meeting to deal with both normal course annual matters and matters related to the Requisition is in the best interests of the Company and will spare shareholders the additional distraction and costs that would be associated with holding two separate shareholder meetings in quick succession.

The Meeting will be held at 12:00 p.m. (Eastern time) on March 4, 2026. The record date for the Meeting is January 28, 2026. Shareholders of the Company will receive detailed information about the Meeting in a management information circular (and, as applicable, the Company expects the Dissidents may prepare and send a dissident's circular in respect of same) in advance of the Meeting. Shareholders should read the Company's meeting materials carefully before reaching a decision with regard to their votes. In the meantime, there is no need for shareholders to take any action in respect of voting their shares.

The board of directors of the Company has adopted an amended and restated advance notice policy (the "Policy") to, among other things, provide shareholders, directors and management of the Company with a clear framework for nominating directors of the Company, including at the Meeting. The Policy is effective and in full force and effect from and after the date hereof; provided, however, that if the Policy is not approved by ordinary resolution of shareholders at the Meeting, then the Policy shall terminate and be of no further force and effect following the termination of the Meeting. A copy of the Policy is available on the Company's profile on SEDAR+ at www.sedarplus.com.

About Zefiro Methane Corp.

Zefiro is an Environmental Services Company, specializing in methane abatement. Zefiro strives to be a key commercial force towards Active Sustainability. Leveraging decades of operational expertise, Zefiro is building a new toolkit to clean up air, land, and water sources directly impacted by methane leaks. The Company has built a fully integrated ground operation driven by an innovative monetization solution for the emerging methane abatement marketplace. As an originator of high-quality U.S.-based methane offsets, Zefiro aims to generate long-term economic, environmental, and social returns.

For further information, please contact:

Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
investor@zefiromethane.com

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as "seeks", "believes", "plans", "expects", "intends", "estimates", "anticipates" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. In particular, this news release contains forward-looking information including statements regarding the date of the Meeting and the business to be considered thereat. The forward-looking information reflects management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed timeframes or at all.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277638