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TickerWAST
SectorWaste Management
Mkt cap$1M
EV / EBITDA0.6×
PostureHigh Velocity
Composite62/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1515139

Waste Energy Corp.

WASTHIGH VELOCITYFILING INTENSITY

Waste Energy Corp. reads as High Velocity (composite 62/100); pressure / disclosure signals dominate the posture this cycle · primary market Waste.

Lens

Disclosed M&A capital (2023–2025)

$2B

new

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

1/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

62

/100

High Velocity dominates · Filing Intensity

Financial snapshot
RevenueN/A
EBITDA$65.5B
Enterprise value$3M
EV / Revenue7.9×
EV / EBITDA0.6×
P/EN/A
Cash$47K
Total debt$735K
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

31/100

Companies actively deploying disclosed capital into M&A

  • $2B disclosed buyer spend

Buyer Cadence

0/100

Buyer-side companies with recent filing activity

  • 109 8-Ks

Target Probability

16/100

Issuers showing target-side patterns from filings

  • 12 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 12 activism filings

Pressure Watch

39/100

Issuers facing activism, governance, or control pressure

  • 12 activism filings
  • Latest activism 2.4y ago; discounted

Distress Watch

37/100

Issuers showing financial-distress filing patterns

  • 10-Q 194d stale
  • 12 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
62/100

Issuers with the highest filing-activity intensity

  • 109 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $3M
  • 10-Q 194d ago
  • 1 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $2,019M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/A$2BN/AN/A
2023N/AN/AN/AN/A
2022N/AN/AN/AN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Technology Acquisition
    100%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • technology_acquisition
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

In implementing a structure for a particular business acquisition or opportunity, we may become a party to a merger, consolidation, reorganization, joint venture or other business combination with another corporation or entity.

10-KFY2016

In the next year, we will continue to develop and expand our partner project portfolio in the Web3 space where we can use our expertise to leverage Blockchain and Web3 tools & technologies.

10-KFY2024

We will also seek to expand our renewable energy project Zer00 first announced in 2021.

10-KFY2024

We may also acquire stock or assets of an existing business.

10-KFY2016
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Waste

Market spend (2023–2025)
$24.4B
Market spend (2020–2022)
$21.3B
Recent vs prior
+15%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

0.6×EV / EBITDA

WAST trades at a -14.2-turn discount to the Waste peer median of 14.7×.

EV / Revenue
7.9×
Net debt / EBITDA
0.0×
Peer median EV / EBITDA
14.7×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
17.3×5.0×3.3×$9.6B$3.6B
15.7×3.4×2.5×$1.9B$1.5B
14.7×4.3×3.1×$25.4B$8.1B
13.2×2.5×1.9×$6.1B$598M
12.7×3.7×2.8×$16.7B$3.1B
Waste Energy Corp.WAST
0.6×7.9×0.0×N/A$2B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Waste. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)172025-05-12
  • 10-Q (quarterly)442025-11-13
  • 8-K (event)1092025-03-21
  • Proxy / DEF 14A72023-05-09
  • Activism (13D / DFAN / PREC)122024-01-10

Signals on file

  • elevated

    Activism on file

    2024-01-10

    12 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Waste Energy Corp.: Issuer Brief | SE-Cluster