Business
Enthusiast Gaming Announces Delay of Annual Filings
Toronto, Ontario--(Newsfile Corp. - March 31, 2026) - Enthusiast Gaming Holdings Inc. (TSX: EGLX)...
About this update from Enthusiast Gaming Holdings Inc
[{"type":"text","content":"Enthusiast Gaming Announces Delay of Annual FilingsToronto, Ontario--(Newsfile Corp. - March 31, 2026) - Enthusiast Gaming Holdings Inc. (TSX: EGLX) (\"Enthusiast Gaming\" or the \"Company\"), a leading digital publisher focused on building tools, platforms, and experiences for gamers, today announced that due to a delay in the completion of audit and financial reporting procedures, the filing of its annual financial statements, management's discussion and analysis, annual information form and related officer certifications for the financial year ended December 31, 2025 (collectively, the \"Annual Filings\") under Parts 4 and 5 of National Instrument 51-102 - Continuous Disclosure Obligations and pursuant to National Instrument 52-109 - Certification of Disclosure in Issuer's Annual and Interim Filings will be delayed beyond the required filing deadline of March 31, 2026 (the \"Filing Deadline\").The delay in filing the Annual Filings is outside of the Company's control and primarily due to delays in the external auditor's ongoing audit procedures. The Company's external auditor was appointed on September 15, 2025. The Company is assisting the external auditor by providing them with the supplementary information and additional documentation they need in order to finalize their audit procedures as soon as possible, which is expected to be no later than April 13, 2026.The Company is providing this default announcement in accordance with National Policy 12-203 - Management Cease Trade Orders (\"NP 12-203\"). The Company has made an application to the Ontario Securities Commission (the \"OSC\"), as principal regulator of the Company, for a management cease trade order (\"MCTO\") under NP 12-203 in respect of the anticipated default regarding the Annual Filings. The granting of the MCTO is at the discretion of the OSC. The issuance of the MCTO, if approved, would generally not affect the ability of persons who have not been directors, officers or insiders of the Company to trade in their securities. In the event that the MCTO is granted, it will be in effect until the default is remedied.The Company intends to follow the provisions of the Alternative Information Guidelines set out in NP 12-203, including the issuance of bi-weekly default status reports in the form of news releases, for as long as the Company remains in default. The C...