Business
Tenet Announces Partial Revocation of Cease Trade Order and Proposed Financing
Toronto, Ontario--(Newsfile Corp. - May 27, 2026) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler Business Development Platform, announces that the Ontario Securities Commission ("OSC") issued an order dated May 25, 2026 (the "Partial Revocation Order") partially revoking the failure-to-file cease trade order issued against the Company on May 7, 2025 (the "FFCTO") for failing to file..
About this update from Tenet Fintech Group Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 27, 2026) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler Business Development Platform, announces that the Ontario Securities Commission ("OSC") issued an order dated May 25, 2026 (the "Partial Revocation Order") partially revoking the failure-to-file cease trade order issued against the Company on May 7, 2025 (the "FFCTO") for failing to file certain outstanding continuous disclosure documents (collectively, the "Documents") within the timeframes prescribed by applicable securities laws.","length":706,"tagName":"p"},{"type":"text","content":"Further to the Company's news release dated February 3, 2026, and following the issuance of the Partial Revocation Order, the Company intends to proceed with and close the previously announced non-brokered private placement financing (the "Private Placement") as soon as practicable, subject to the terms and conditions described therein and applicable regulatory approvals. The Company currently anticipates that the Private Placement will consist of the issuance of up to 55.2 million common shares at a price of $0.05 per share for aggregate gross proceeds of up to $2.76 million.","length":597,"tagName":"p"},{"type":"text","content":"The Private Placement will be conducted on a prospectus-exempt basis with investors: (i) resident in Canada in reliance upon the accredited investor exemption under section 73.3 of the Securities Act (Ontario) or section 2.3 of National Instrument 45-106 - Prospectus Exemptions, as applicable; and (ii) resident in offshore jurisdictions pursuant to available prospectus or registration exemptions in accordance with applicable securities laws.","length":445,"tagName":"p"},{"type":"text","content":"Prior to participating in the Private Placement, each investor will receive a copy of the FFCTO and the Partial Revocation Order and will be required to provide an acknowledgement to the Company confirming that all of the Company's securities, including the securities issued pursuant to the Private Placement, will remain subject to the FFCTO until such order is fully revoked. Investors will also acknowledge that the granting of the Partial Revoca...