New Name and Effective Date
Pieridae Energy Limited has officially changed its name to Cavvy Energy Ltd., effective May 9, 2025[1][2]. This rebranding was approved by shareholders at the company’s Annual and Special Meeting held on May 8, 2025[3][1]. The company’s shares began trading under the new name and the ticker symbol "CVVY" on the Toronto Stock Exchange as of May 13, 2025[1][2].
Reason for the Name Change
The decision to rebrand as Cavvy Energy reflects a strategic shift in focus. The company is concentrating on its western Canadian upstream and midstream natural gas business, moving away from previous east coast LNG ambitions[2]. The new name, "Cavvy," is inspired by the western ranching tradition, referring to a select group of working horses known for strength and reliability—qualities the company aims to embody[2].
Shareholder and Regulatory Approval
- The name change was supported by over 93% of shareholder votes at the May 8, 2025 meeting[3].
- The Toronto Stock Exchange approved the name and ticker symbol change[1][2].
- No action was required by shareholders in response to the rebranding[1][2].
Other Corporate Changes
Alongside the name change, the company completed a continuance from the federal jurisdiction of Canada to the provincial jurisdiction of Alberta under the Alberta Business Corporations Act, effective May 9, 2025[1][3]. New by-laws were adopted as part of this transition[1].
Business Focus
Cavvy Energy remains a significant upstream producer and midstream custom processor of natural gas, NGLs, condensate, and sulphur from Western Canada[1][2][4].
Summary Table
Previous Name | New Name | Effective Date | New TSX Symbol | Business Focus |
Pieridae Energy Ltd. | Cavvy Energy Ltd. | May 9, 2025 | CVVY | Upstream/midstream natural gas (W. Canada) |
Quote from Leadership
“The word Cavvy draws its inspiration from the western ranching tradition, referring to a carefully selected group of working horses chosen for their strength, reliability and specific capabilities. The name evokes an identity synonymous with our corporate values and mission, and one that is proudly connected to our western Canadian corporate roots.”
— Darcy Reding, President & CEO[2]
No action is required by shareholders as a result of the name change or the continuance[1][2].
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- https://www.globenewswire.com/news-release/2025/05/12/3079083/0/en/Pieridae-Energy-Changes-Name-to-Cavvy-Energy.html
- https://www.hartenergy.com/exclusives/canadas-pieridae-changes-name-cavvy-upstream-midstream-focus-212896
- https://www.globenewswire.com/news-release/2025/05/08/3077883/0/en/Pieridae-Announces-Voting-Results-From-Annual-and-Special-Meeting-of-Shareholders-and-Approval-of-Name-Change-to-Cavvy-Energy-Ltd.html
- http://www.pieridaeenergy.com/home
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