(WO) — Chesapeake Vitality Company and Southwestern Vitality Firm have formally accomplished their merger, forming a newly rebranded entity, Develop Vitality Corp. Develop Vitality has started buying and selling on the NASDAQ below the ticker image “EXE”.
Nick Dell’Osso, president and CEO of Develop Vitality, mentioned the merger positions the corporate as the biggest pure fuel producer within the U.S. and a world chief.
“We’re constructed to disrupt the trade’s conventional price and market supply mannequin,” Dell’Osso acknowledged. “With our sturdy portfolio, peer-leading returns, and monetary basis, we’re able to seize synergies, develop alternatives, and cut back the price of vitality for shoppers.”
The corporate plans to launch its third-quarter monetary outcomes and supply a preliminary 2025 outlook after market shut on October 29, 2024. A convention name to debate these outcomes is scheduled for October 30, 2024, at 9:00 a.m. EDT. Individuals can entry the webcast and registration particulars by way of the corporate’s web site, the place a replay can even be accessible.