Business
CORRECTION FROM SOURCE: Vertiqal Studios Provides Notice of Default
NOTICE TO READER: PLEASE BE ADVISED THAT THE NEWS RELEASE DATED MARCH 24, 2026, HAS BEEN REFILED TO INCLUDE THAT THE COMPANY'S ANNUAL INFORMATION FORM WILL BE PART OF THE DELAYED FILINGS WHICH WAS INADVERTENTLY OMITTED FROM THE ORIGINAL NEWS RELEASE. NO OTHER CHANGES HAVE BEEN MADE TO THIS NEWS RELEASE.Toronto, Ontario--(Newsfile Corp. - March 25, 2026) - Vertiqal Studios Corp. (TSX: VRTS) (FSE: 9PY0) ("Vertiqal" or the "Company") announces that it anticipates being late in filing its audited...
About this update from Enthusiast Gaming Holdings Inc
[{"type":"text","content":"NOTICE TO READER: PLEASE BE ADVISED THAT THE NEWS RELEASE DATED MARCH 24, 2026, HAS BEEN REFILED TO INCLUDE THAT THE COMPANY'S ANNUAL INFORMATION FORM WILL BE PART OF THE DELAYED FILINGS WHICH WAS INADVERTENTLY OMITTED FROM THE ORIGINAL NEWS RELEASE. NO OTHER CHANGES HAVE BEEN MADE TO THIS NEWS RELEASE.","length":308,"tagName":"p"},{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - March 25, 2026) - Vertiqal Studios Corp. (TSX: VRTS) (FSE: 9PY0) ("Vertiqal" or the "Company") announces that it anticipates being late in filing its audited annual financial statements, management discussion and analysis, annual information form and certificates of the Chief Executive Officer and Chief Financial Officer (collectively, the "Filings") for the year ended December 31, 2025, by the prescribed deadline of March 31, 2026.","length":502,"tagName":"p"},{"type":"text","content":"On September 2, 2025, the Company announced the acquisition of certain assets and entities from Enthusiast Gaming Holdings Inc. The delay in filing the Filings is due to the complexity of the valuation of these assets and entities and the fact that the Company's auditors have engaged a new partner and team to lead the audit.","length":330,"tagName":"p"},{"type":"text","content":"The Company has made an application with the applicable securities regulators under National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203") requesting that a management cease trade order be imposed in respect of the anticipated late filing rather than an issuer cease trade order. The issuance of a management cease trade order does not affect the ability of persons who have not been directors, officers or insiders of the Company to trade in their securities.","length":508,"tagName":"p"},{"type":"text","content":"The Company anticipates that it will in a position to prepare and file the Filings on or prior to April 24, 2026.","length":113,"tagName":"p"},{"type":"text","content":"The Company confirms: (i) that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the filing requirements to file the Filings within the prescribed period of time; (ii) the Compa...