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Purewave Hydrogen Corp. Announces Application For Management Cease Trade Order And $300,000 Private Placement
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About this update from Purewave Hydrogen Corp
[{"type":"text","content":"Purewave Hydrogen Corp. Announces Application For Management Cease Trade Order And $300,000 Private Placement\n(TheNewswire)\n\n\nNOT FOR DISTRIBUTION TO U.S. NEWS\nWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES\n\n\n \n\n\nCalgary, AB – December 19, 2025\n– TheNewswire -\nPureWave Hydrogen Corp. (the\n\"Corporation\") announces that it has made an application to\nthe Alberta Securities Commission (the “ASC”) to approve a\ntemporary management cease trade order (the “MCTO”) under\nNational Policy 12-203 Management Cease Trade Orders (“NP 12-203”), which,\nif granted, will prohibit trading in securities of the Corporation by\nthe Director and Interim Chief Executive Officer and Chief Financial\nOfficer of the Corporation until such time as the Required Filings (as\ndefined below) and all continuous disclosure requirements have been\nfiled by the Corporation, and the MCTO has been lifted. During the\nperiod in which the MCTO is effective, the public, who are not\ninsiders of the Corporation, will continue to be able to trade in the\nCorporation’s listed securities. The MCTO application has been made,\nbut there is no guarantee or assurance that the MCTO will be\ngranted.\n\n\nThe Corporation expects it will be unable to file its\naudited financial statements for the year ended August 31, 2025, and\nthe management's discussion and analysis and related Director and\nInterim Chief Executive Officer and Chief Financial Officer\ncertificates for this period (collectively, the \"Required Filings\") before the December 29, 2025, filing deadline (the\n\"Filing\nDeadline\"). The default is primarily due to\ndelays in the completion of the audit, resulting from the\nCorporation’s inability to secure sufficient funding to pay audit\nfees and related professional costs and the Corporation’s current\nfunding shortfall, which has impacted its ability to retain necessary\naudit and financial reporting resources.\n\n\nAs of the date of this announcement, the Corporation\nconfirms that it is not subject to any insolvency proceedings. Other\nthan as disclosed above, there is no other material information\nconcerning the affairs of the Corporation that has not been generally\ndisclosed. The Corporation anticipates that it will be in a position\nto remedy the defau...