Business
BYT Holdings Ltd. Announces Delay of Annual Filings and Application for a Management Cease Trade Order
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2026) - BYT Holdings Ltd. (CSE: BYT) ("BYT" or the "Company") announces that it will require additional time to identify and appoint an external auditor registered in Canada to complete the audit for the Company's financial year ended December 31, 2025, including the 2024 comparative year, in accordance with the Canadian Generally Accepted Auditing Standards ("GAAS"). As a result, the Company will not be able to file its audited annual...
About this update from Byt Holdings Ltd
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - April 24, 2026) - BYT Holdings Ltd. (CSE: BYT) ("BYT" or the "Company") announces that it will require additional time to identify and appoint an external auditor registered in Canada to complete the audit for the Company's financial year ended December 31, 2025, including the 2024 comparative year, in accordance with the Canadian Generally Accepted Auditing Standards ("GAAS"). As a result, the Company will not be able to file its audited annual financial statements for the year ended December 31, 2025 and related management's discussion and analysis (collectively, the "2025 Annual Financial Statements"), and the CEO and CFO certifications to be delivered in respect of the 2025 Annual Financial Statements (the "Certifications") by the filing deadline of April 30, 2026 as required under applicable Canadian securities laws.","length":938,"tagName":"p"},{"type":"text","content":"The Company also announces that it will be making an application to the British Columbia Securities Commission ("BCSC"), the Company's principal securities regulator in Canada, under National Policy 12-203 of the Canadian Securities Administrators ("NP 12-203") requesting that a management cease trade order ("MCTO") be granted in respect of the late filing of the 2025 Annual Financial Statements and related Certifications. There is no guarantee that an MCTO will be granted. The Company will work to identify and appoint an external auditor and dedicate appropriate resources to promptly complete the audit and finalize the 2025 Annual Financial Statements and the related Certifications, so the 2025 Annual Financial Statements and related Certifications can be filed as early as practicable.","length":831,"tagName":"p"},{"type":"text","content":"If an MCTO is granted, the Company's senior officers and other insiders will not be able to trade the Company's securities while the MCTO is in effect, and the Company will be required to comply with the provisions of the alternative information guidelines as set out in NP 12-203 for so long as the MCTO remains in effect, including the issuance of bi-weekly default status reports by way of press releases. The Company is not currently subject to any insolvency proceedings. If t...