Financial News
EnergyFunders Yield Fund I, LLC Begins Trading on the tZero ATS
tZERO offers a range of primary raise and secondary trading solutions, including enabling existing fund operators to provide liquidity to existing LPs amongst a more democratized audience of investors
tZERO, a financial technology company providing transformative market-based solutions for companies, entrepreneurs, and retail & institutional investors, announced today that EF EnergyFunders Ventures, Inc. (“EFV” or the “Corporation”) (TSX-V: EFV) commenced trading on the tZERO ATS EnergyFunders Yield Fund I, LLC (“Yield Fund I”), one of the funds managed by its indirect US subsidiary, EnergyFunders LLC (“EnergyFunders”). This marks the first security issued by a female-led firm to be traded on the tZERO ATS.
In 2022, EnergyFunders raised almost $15 million from nearly 200 investors in a Regulation D placement, and today marks the first time that an EnergyFunders fund is available for secondary trading, providing broader access to unique assets, enabling price transparency, and low-friction continuous liquidity for equity resales in the company. EF EnergyFunders Ventures, Inc. is a female-led oil and natural gas investment company headquartered in Calgary, Alberta, with executive offices in San Antonio, Texas. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol “EFV” and on the OTC Pink as “EFVIF”.
tZERO CEO David Goone noted, “The addition of Yield Fund I to the tZERO ATS introduces a new asset class to our investor community. We are excited to welcome Yield Fund I investors onto tZERO ATS and look forward to continuing our expansion of oil and gas offerings within our investment opportunities.”
This move will allow for broader access to unique assets, greater price transparency, and low-friction continuous liquidity for equity resales in the company. Investors can trade on the tZERO ATS through a brokerage account with tZERO’s retail broker-dealer subsidiary, tZERO Markets. Existing tZERO Markets customers are now able to trade the Yield Fund I’s security. Investors looking to trade Yield Fund I’s digitally enhanced security without a tZERO Markets account should visit https://www.tzero.com/investors/register.
Laura Pommer, CEO of EFV shared, "This project has been in the works behind the scenes with such avid interest from the public that we’re ecstatic it’s finally live. Management expects that our investors will be able to benefit greatly from the tZERO ATS trading, and we’re also thrilled to connect with other investors who trade on tZERO ATS."
About tZERO
tZERO Group, Inc. (tZERO) and its broker-dealer subsidiaries provide an innovative liquidity platform for private companies and assets. We offer institutional-grade solutions for issuers looking to digitize their capital table through blockchain technology, and trade on a regulated alternative trading system. tZERO, through its broker-dealer subsidiaries, democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors. For more information on tZERO, please visit https://www.tzero.com/.
About tZERO ATS
tZERO ATS, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. More information about tZERO ATS may be found at https://brokercheck.finra.org/.
About tZERO Markets
tZERO Markets, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. More information about tZERO Markets may be found at https://brokercheck.finra.org/.
About EnergyFunders
EnergyFunders Yield Fund I LLC, a Delaware limited liability company, (the “Fund”) was formed in 2021 to invest in various oil and gas interests, including direct purchases of working interests in both producing wells and undrilled well locations, investments via participation agreements, and natural-gas powered bitcoin mining. The Fund closed the first-round of its Regulation D offering on January 15, 2022, issuing 250,712 of its Class A-2 shares for a total initial capital raise of $2,507,122. Its manager EF Manager LLC is a wholly owned subsidiary of EnergyFunders LLC (“EnergyFunders”). The Fund's current investments are primarily located in South Texas and include oil and gas production in addition to interest in a bitcoin mine. This is a nimble and opportunistic fund that aims to adjust future capital allocations to align with the relative market conditions of oil, gas, and bitcoin. EnergyFunders provides direct access to investments in oil and gas projects, offering investors access to private-market energy deals sourced and vetted by industry experts. The company partners with proven, trusted operators that have a long track record of delivering results through safe, sustainable operations. Investors in EnergyFunders’ offerings can access exposure to the unique benefits of direct oil and gas investments such as hedging against inflation and exposure to an asset class insulated against stock market volatility.
Investor Notice
Investors should note that trading securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, no assurance of liquidity, which could impact the price and ability to sell, and possible loss of principal invested. Further, an investment in single security could mean lack of diversification and, consequently, higher risk.
No Offer, Solicitation, Investment Advice or Recommendations
This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by tZERO or any of its affiliates, subsidiaries, officers, directors or employees. No reference to any specific security constitutes a recommendation to buy, sell, or hold that security or any other security. Nothing in this release shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this release constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this release should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this release, we have not taken into account the investment needs, objectives, and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this release by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible corrections. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.
Forward-Looking Statements
This release contains forward-looking statements. In addition, from time to time, tZERO, its subsidiaries, or its representatives may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which is derived from currently available information. Such forward-looking statements relate to future events or future performance, including financial performance and projections; growth in revenue and earnings; and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including, without limitation: the ability of tZERO and its subsidiaries to change the direction; tZERO’s ability to keep pace with new technology and changing market needs; performance of individual transactions; regulatory developments and matters; and competition. These and other factors may cause actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or their respective representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions. tZERO, its subsidiaries, and its representatives are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or its representatives might not occur.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230308005326/en/
Contacts
tZERO
Anastasiia Litvinova
pr@tzero.com
EnergyFunders
Laura Pommer
Chief Executive Officer
laura@energyfunders.com
EnergyFunders Media
Aquila Mendez-Valdez
aquila@hitpr.com
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