Midwest Energy Emissions Corp Becomes "Birchtech", Corporate Name Change and Stock Symbol Announced Alongside Conditional Listing Approval from the TSX
Midwest Energy Emissions Corp (TSXV: MEEC) (OTCQB: MEEC) announced its rebranding to Birchtech, changing its corporate name to Birchtech Corp. Starting October 17, 2024, the company will trade under the new stock symbol [BCHT] on the TSX Venture Exchange and OTCQB. The company has also received conditional approval to list on the Toronto Stock Exchange (TSX), subject to fulfilling certain requirements.
CEO Richard MacPherson stated that the rebranding reflects the company's evolution into a multi-faceted Environmental Technology Firm with divisions in clean air (ME2C) and water treatment (WE2C). The move to the TSX is expected to increase share liquidity and provide broader access to global investors. The company aims to maintain growth in mercury emissions technologies and expand its water technologies, focusing on PFAS removal starting in late 2024.
Midwest Energy Emissions Corp (TSXV: MEEC) (OTCQB: MEEC) ha annunciato il suo rebranding in Birchtech, cambiando il suo nome aziendale in Birchtech Corp. A partire dal 17 ottobre 2024, la società verrà scambiata con il nuovo simbolo borsistico [BCHT] sulla TSX Venture Exchange e OTCQB. La società ha anche ricevuto l'approvazione condizionata per quotarsi nella Toronto Stock Exchange (TSX), soggetta al soddisfacimento di determinati requisiti.
Il CEO Richard MacPherson ha dichiarato che il rebranding riflette l'evoluzione dell'azienda in una società multifunzionale di tecnologia ambientale con divisioni nell'aria pulita (ME2C) e nel trattamento dell'acqua (WE2C). Il passaggio alla TSX è previsto per aumentare la liquidità delle azioni e fornire un accesso più ampio agli investitori globali. L'azienda mira a mantenere una crescita nelle tecnologie per le emissioni di mercurio ed espandere le sue tecnologie per l'acqua, concentrandosi sulla rimozione dei PFAS a partire dalla fine del 2024.
Midwest Energy Emissions Corp (TSXV: MEEC) (OTCQB: MEEC) anunció su cambio de marca a Birchtech, cambiando su nombre corporativo a Birchtech Corp. A partir del 17 de octubre de 2024, la compañía se negociará bajo el nuevo símbolo de acciones [BCHT] en la TSX Venture Exchange y OTCQB. La empresa también ha recibido aprobación condicional para cotizar en la Bolsa de Valores de Toronto (TSX), sujeto al cumplimiento de ciertos requisitos.
El CEO Richard MacPherson afirmó que el cambio de marca refleja la evolución de la empresa hacia una firma de tecnología ambiental multifacética con divisiones en aire limpio (ME2C) y tratamiento de agua (WE2C). Se espera que la mudanza a la TSX aumente la liquidez de las acciones y proporcione un acceso más amplio a inversionistas globales. La compañía tiene como objetivo mantener el crecimiento en tecnologías de emisiones de mercurio y ampliar sus tecnologías de agua, enfocándose en la eliminación de PFAS a partir de finales de 2024.
Midwest Energy Emissions Corp (TSXV: MEEC) (OTCQB: MEEC)는 Birchtech으로 브랜드를 변경하고 회사 이름을 Birchtech Corp로 변경한다고 발표했습니다. 2024년 10월 17일부터, 이 회사는 TSX Venture Exchange 및 OTCQB에서 새로운 주식 기호 [BCHT]로 거래될 것입니다. 또한 이 회사는 특정 요건을 충족하는 조건으로 토론토 증권 거래소 (TSX)에 상장할 수 있는 승인을 받았습니다.
CEO 리차드 맥퍼슨은 브랜드 변경이 회사를 청정 공기 (ME2C) 및 수처리 (WE2C) 분야를 가진 다각적 환경 기술 회사로 발전시킨 것을 반영한다고 밝혔습니다. TSX로의 이동은 주식 유동성을 증가시키고 전세계 투자자들에게 더 넓은 접근을 제공할 것으로 기대됩니다. 회사는 수은 배출 기술의 성장을 유지하고 2024년 말부터 PFAS 제거에 초점을 맞춰 수처리 기술을 확장하는 것을 목표로 하고 있습니다.
Midwest Energy Emissions Corp (TSXV: MEEC) (OTCQB: MEEC) a annoncé son rebranding en Birchtech, changeant son nom d'entreprise en Birchtech Corp. À partir du 17 octobre 2024, la société se négociera sous le nouveau symbole boursier [BCHT] sur la TSX Venture Exchange et OTCQB. La société a également reçu une approbation conditionnelle pour être inscrite à la Toronto Stock Exchange (TSX), sous réserve de respecter certaines exigences.
Le PDG Richard MacPherson a déclaré que ce rebranding reflète l'évolution de l'entreprise en une firme de technologie environnementale polyvalente avec des divisions dans l'air pur (ME2C) et le traitement de l'eau (WE2C). Le passage à la TSX devrait accroître la liquidité des actions et offrir un accès plus large aux investisseurs du monde entier. L'entreprise vise à maintenir sa croissance dans les technologies d'émissions de mercure et à élargir ses technologies liées à l'eau, en se concentrant sur l'élimination des PFAS à partir de la fin de l'année 2024.
Midwest Energy Emissions Corp (TSXV: MEEC) (OTCQB: MEEC) gab die Umbenennung zu Birchtech bekannt und ändert seinen Unternehmensnamen in Birchtech Corp. Ab dem 17. Oktober 2024 wird das Unternehmen unter dem neuen Aktienkürzel [BCHT] an der TSX Venture Exchange und OTCQB gehandelt. Das Unternehmen hat außerdem eine bedingte Genehmigung zur Notierung an der Toronto Stock Exchange (TSX) erhalten, die an die Erfüllung bestimmter Anforderungen gebunden ist.
CEO Richard MacPherson erklärte, dass das Rebranding die Entwicklung des Unternehmens zu einem facettenreichen Umwelttechnologieunternehmen widerspiegelt, mit Abteilungen für saubere Luft (ME2C) und Wasseraufbereitung (WE2C). Der Umzug zur TSX soll die Liquidität der Aktien erhöhen und einen breiteren Zugang zu globalen Investoren ermöglichen. Das Unternehmen strebt an, das Wachstum in der Quecksilberemissionstechnologie aufrechtzuerhalten und seine Wassertechnologien zu erweitern, wobei der Fokus ab Ende 2024 auf der Entfernung von PFAS liegt.
- Rebranding to Birchtech Corp, reflecting a broader environmental technology focus
- Conditional approval for listing on the Toronto Stock Exchange (TSX)
- Expansion into the water treatment industry with the WE2C division
- Anticipated increase in share liquidity and access to global investors through TSX listing
- Continued growth in mercury emissions technologies and planned expansion in water technologies
- Listing on TSX is subject to fulfilling certain requirements
- Potential investor confusion due to corporate name and symbol change
New Corporate Name & Stock Symbol [BCHT] Reflects the Firm's Technology Capacities, Supporting Investor Growth on a Leading North American Stock Exchange
Corsicana, Texas--(Newsfile Corp. - October 15, 2024) - 8:07 AM ET - Midwest Energy Emissions Corp. (TSXV: MEEC) (OTCQB: MEEC) ("ME2C Environmental" or the "Company"), a leading environmental technologies firm, today announced it is rebranding to "Birchtech", with a change in its corporate name to "Birchtech Corp." Beginning with the market open on Thursday, October 17, 2024, the Company's shares will trade under the Company's new stock symbol of [BCHT] on the TSX Venture Exchange (TSX-V) in Canada and is expected to trade concurrently under the new name and symbol on the OTCQB in the U.S. The new trading symbol will better represent the new corporate name.
The Company's shares currently trade on both the TSX-V in Canada and the OTCQB Venture Market operated by the OTC Markets Group Inc. in the United States.
The Company also announces it has received conditional approval to list its shares of common stock on the Toronto Stock Exchange ("TSX"). The listing is subject to the Company fulfilling certain requirements of the TSX in accordance with the terms of its conditional approval letter. The TSX is the largest exchange in Canada and one of the largest in North America. The Company anticipates the graduation to the TSX will increase share liquidity and gain broader accessibility to the global investor market, as the TSX supports greater trading volumes among institutional investors worldwide (compared to the TSX-V).
Richard MacPherson, CEO, states, "We are now a multi-faceted Environmental Technology Firm with strong experience and competencies in multiple sectors. Since 2008, ME2C has established legacy success in environmental technologies focused on clean air. In early 2024, we announced the extension of our unique expertise and technology development as we entered the massive water treatment industry in North America. We now have two very solid divisions, ME2C and WE2C, providing significant revenue streams and opportunities, housed under Birchtech. Due to our solid growth and development in two sectors, our past corporate profile, as a single environmental technology owner, no longer matches our strategic vision in the development of new, innovative technologies now focused on clean water. Establishing a robust corporate entity is in alignment with our corporate mission to develop disruptive new environmental technologies. Under Birchtech, this reorganization, utilizing our team's complementary, unique skillsets and knowledge will continue to produce innovative, industry leading solutions for all markets facing critical environmental concerns in both areas of air and water purification.
"Through Birchtech, we will maintain our stable position and growth providing mercury emissions technologies and expect to realize considerable growth in our new water technologies as we continue to develop new technologies allowing the affordable removal of PFAS ('forever chemicals') beginning in late 2024.
"Our long-term Canadian and overseas shareholders will benefit from the larger, more accessible TSX exchange, and the increase in trading activity that a larger, more recognized trading platform should provide. The TSX main board provides a broader reach to potential investors outside of North America. This movement will support our continued progress to move onto a major U.S. exchange in the near future," concludes MacPherson.
The Company will continue operations of its separate divisions, ME2C Environmental and WE2C Environmental, under the separate division names. Public filings and trading activity will be issued under "Birchtech Corp."
About Birchtech Corp.
Midwest Energy Emissions Corp. (TSXV: MEEC) (OTCQB: MEEC), which has been renamed Birchtech Corp. effective on October 17, 2024, is an environmental technology firm that promotes cleaner water and air with highly effective, affordable, and sustainable business solutions. The Company's separate operating divisions each offer innovative, efficient technologies addressing critical industry concerns. With over 40 patents, the Company's ME2C Environmental division has provided patented SEA® sorbent technologies for mercury emissions capture to the coal-fired utility sector since 2008. WE2C Environmental is focused on developing new, disruptive technologies for PFAS/PFOS removal from potable (drinking) water. New and innovative water purification technologies are under development and expected to meet the growing demand for sustainable water solutions worldwide. Learn more at http://www.birchtech.com.
Safe Harbor Statement
With the exception of historical information contained in this press release, content herein may contain "forward-looking statements" that are made pursuant to the Safe Harbor Provisions of the U.S. Private Securities Litigation Reform Act of 1995 or forward-looking information under applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements are generally identified by using words such as "anticipate," "believe," "plan," "expect," "intend," "will," and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements in this release include statements relating to the change of the Company's corporate name and stock symbol, the listing of the Company's shares on the TSX and anticipated impact of such listing and expected developments and growth in the Company's business. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Investors are cautioned that forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the statements made. In addition, this release contains time-sensitive information that reflects management's best analysis only as of the date of this release. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Further information concerning issues that could materially affect financial performance or other forward-looking statements contained in this release can be found in the Company's periodic filings with the Securities and Exchange Commission or Canadian securities regulators.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Media Inquiries:
Sandi Scott
Tunheim
Direct: 651-208-4582
sscott@tunheim.com
Institutional Investor Relations Contact:
Jessica Butt
Adelaide Capital
Direct: 416-844-6202
jessica@adcap.ca
Corporate Shareholder Investor Relations Contact:
Main: 614-505-6115
ir@birchtech.com
ir@me2cenvironmental.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226626
FAQ
What is Midwest Energy Emissions Corp's new name and stock symbol?
When will MEEC start trading under the new symbol BCHT?
Has Birchtech Corp (formerly MEEC) received approval to list on the Toronto Stock Exchange?
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What new technology is Birchtech Corp (formerly MEEC) planning to develop in 2024?
