SYNEX RENEWABLE ENERGY Stock Price, News & Analysis

SYITF historically represented Synex Renewable Energy Corporation, a Vancouver, British Columbia based company engaged in the development, acquisition, ownership, and operation of renewable energy projects in Canada. According to company disclosures, Synex focused on renewable power in British Columbia, with ownership interests in operating hydroelectric projects, a regulated utility business, and a pipeline of hydro and wind development sites.

Synex reported that it had ownership interests in 11–12 MW of operating hydro projects in British Columbia and owned a Vancouver Island grid connection and utility carrying on business as Kyuquot Power Ltd. The company also described a portfolio of construction-ready run-of-river projects, applications, and land tenures on additional potential hydroelectric sites totaling over 150 MW of capacity, as well as approximately 16 wind development sites that could provide up to 4,700 MW of clean power in British Columbia. These activities placed Synex within the electric utilities industry and the broader utilities sector, with a focus on renewable generation.

Synex indicated that its business model combined operating assets with development-stage projects. The operating hydro facilities and the Kyuquot Power Ltd. utility formed the core of its electricity generation and distribution activities in British Columbia. In parallel, the company pursued development opportunities through construction-ready run-of-river hydro projects and investigative wind licenses, including those held through Sea Breeze Power Corp., which Synex acquired. The company stated that it invested in third-party consulting and internal labor to advance these investigative wind licenses, with the aim of supporting BC Hydro's Clean Power Call targeting a high proportion of electricity from clean or renewable sources.

Over time, Synex communicated that it operated as a Canadian independent power producer focused on renewable energy projects. Public disclosures emphasized its concentration in hydroelectric generation and wind development in British Columbia, supported by a transmission and utility asset on Vancouver Island. These elements aligned the company with the electric utilities industry, with an emphasis on small-scale hydro and potential large-scale wind capacity.

Synex Renewable Energy Corporation underwent a significant corporate change through an acquisition by Sitka Power Inc. A news release dated March 28, 2025 announced that Synex had entered into an arrangement agreement under which Sitka would acquire 100% of the issued and outstanding common shares of the company in an all-cash transaction implemented by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia). Subsequent news on May 27, 2025 reported that Synex shareholders approved the plan of arrangement, and a July 31, 2025 release noted that required regulatory approvals had been obtained.

On August 1, 2025, Synex and Sitka announced the completion of the acquisition of all of the common shares of Synex by Sitka in an all-cash transaction. The same announcement stated that, with the arrangement complete, the common shares of Synex would be delisted from the Toronto Stock Exchange in the following days and that the company had submitted an application to cease to be a reporting issuer under applicable Canadian securities laws and to terminate its public reporting requirements. Following completion of the arrangement, Sitka held 100% of the issued and outstanding common shares of Synex, and Synex became a wholly owned subsidiary of Sitka.

For investors researching SYITF and Synex, this means that the ticker represents a former publicly traded company that has been acquired and delisted. Historical information about Synex focuses on its role as a Vancouver-based renewable energy company with hydroelectric and wind assets and development projects in British Columbia, as well as its ownership of a Vancouver Island grid connection and utility business. Current ownership and control reside with Sitka Power Inc., a Canadian renewable energy developer and independent power producer headquartered in Calgary, Alberta, which is active in British Columbia, Alberta, Saskatchewan, and Ontario, as described in the transaction-related news releases.

Business focus and segments

According to earlier descriptions, Synex International, Inc. (related to Synex) engaged in the development, ownership and operation of electrical generation facilities, electrical distribution services, and the provision of engineering services in water resources, particularly hydroelectric facilities. It operated through segments identified as Electricity Sales, Engineering Services, and Corporate. Electricity sales were described as being derived from electrical generation facilities and a power line network. These activities align with the electric utilities classification and emphasize hydro-related engineering and operations.

Later company descriptions under the Synex Renewable Energy Corporation name focused more specifically on renewable energy projects in Canada, particularly hydro and wind in British Columbia, and on the Vancouver Island grid connection and utility. Across these disclosures, Synex consistently positioned itself as engaged in renewable power generation and related infrastructure within the utilities sector.

Corporate status and trading

The acquisition by Sitka Power Inc. and the related plan of arrangement resulted in Synex becoming a wholly owned subsidiary of Sitka and the delisting of its common shares from the Toronto Stock Exchange. The company also applied to cease to be a reporting issuer under Canadian securities laws, as stated in the August 1, 2025 news release. As a result, SYITF should be viewed in a historical context, reflecting the period when Synex operated as a public company and its shares traded on public markets.

FAQs about SYITF and Synex Renewable Energy Corporation

• What did Synex Renewable Energy Corporation do?
  

  Synex Renewable Energy Corporation was a Vancouver, British Columbia based company engaged in the development, acquisition, ownership, and operation of renewable energy projects in Canada. It reported ownership interests in operating hydro projects in British Columbia, a Vancouver Island grid connection and utility operating as Kyuquot Power Ltd., and a portfolio of hydro and wind development sites.

• What industry and sector was Synex associated with?
  

  Based on company and classification data, Synex was associated with the electric utilities industry within the utilities sector, with an emphasis on renewable energy generation, particularly hydroelectric and wind projects.

• Where was Synex headquartered?
  

  Company disclosures describe Synex as a Vancouver, British Columbia based company. Earlier descriptions of Synex International, Inc. also identified Vancouver, Canada as the headquarters.

• What types of assets did Synex report owning?
  

  Synex reported ownership interests in 11–12 MW of operating hydro projects in British Columbia, a Vancouver Island grid connection and utility carrying on business as Kyuquot Power Ltd., construction-ready run-of-river hydro projects, applications and land tenures on additional potential hydroelectric sites totaling over 150 MW of capacity, and approximately 16 wind development sites with potential for up to 4,700 MW of clean power in British Columbia.

• What happened to Synex as a public company?
  

  News releases dated March 28, 2025, May 27, 2025, July 31, 2025, and August 1, 2025 describe a statutory plan of arrangement under which Sitka Power Inc. agreed to acquire, and subsequently acquired, all of the issued and outstanding common shares of Synex in an all-cash transaction. Following completion of the arrangement, Synex became a wholly owned subsidiary of Sitka, its common shares were to be delisted from the Toronto Stock Exchange, and the company applied to cease to be a reporting issuer under Canadian securities laws.

• Does Synex Renewable Energy Corporation still trade as an independent public company?
  

  According to the August 1, 2025 news release, after completion of the acquisition by Sitka Power Inc., the common shares of Synex were to be delisted from the Toronto Stock Exchange, and the company submitted an application to cease to be a reporting issuer. This indicates that Synex no longer trades as an independent public company in the manner it did prior to the arrangement.

• Who acquired Synex Renewable Energy Corporation?
  

  Synex Renewable Energy Corporation was acquired by Sitka Power Inc. pursuant to a statutory plan of arrangement under the Business Corporations Act (British Columbia), as described in news releases dated March 28, 2025 and August 1, 2025.

• What is Sitka Power Inc.?
  

  In the transaction-related news releases, Sitka Power Inc. is described as a small scale Canadian renewable energy developer and independent power producer, headquartered in Calgary, Alberta and active in British Columbia, Alberta, Saskatchewan, and Ontario.

• What were Synex International, Inc.'s business segments?
  

  According to the Polygon description, Synex International, Inc. operated through three segments: Electricity Sales, Engineering Services, and Corporate. Electricity Sales were associated with electrical generation facilities and a power line network, while Engineering Services related to water resources, particularly hydroelectric facilities.

• How did Synex participate in wind power development?
  

  Company news releases state that since the acquisition of Sea Breeze Power Corp., Synex spent funds on the development of investigative wind licenses, including third-party consulting and labor costs. Synex reported approximately 16 wind development sites in British Columbia that could provide up to 4,700 MW of clean power, and indicated an intention to continue investing resources in developing these investigative wind licenses.