Business
Seegnal Inc. Announces Update to Delay in Filing 2025 Annual Financial Statements and Related Management Discussion and Analysis
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALG...
About this update from Seegnal Inc.
[{"type":"text","content":"Seegnal Inc. Announces Update to Delay in Filing 2025 Annual Financial Statements and Related Management Discussion and Analysis\nNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, AB, May 06, 2026 (GLOBE NEWSWIRE) -- (TSXV:SEGN) (“Seegnal” or the “Company”) announced today that, further to its news release dated April 30, 2026, it remains unable to file its audited annual consolidated financial statements for the year ended December 31, 2025, together with the related management’s discussion and analysis and CEO and CFO certifications (collectively, the “Annual Filings”), by the prescribed filing deadline. The delay continues to be related to the timing required by the Company’s recently engaged external auditor to complete final internal procedures prior to issuing its audit opinion. The Company is working diligently with its auditor to complete the Annual Filings and currently expects to file the Annual Filings on or before May 13, 2026. As previously disclosed, the Company has applied to the Alberta Securities Commission, as principal regulator, and to the British Columbia Securities Commission and the Ontario Securities Commission for a management cease trade order (the “MCTO”) in accordance with National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”). If issued, the MCTO will prohibit trading in the Company’s securities by the Chief Executive Officer and Chief Financial Officer for so long as the order remains in effect. If issued, and during the period in which the MCTO is in effect, the general investing public will continue to be able to trade in the Company’s common shares listed on the TSX Venture Exchange (“TSXV”). However, for the duration of the MCTO, the Company’s Chief Executive Officer and Chief Financial Officer will not be able to trade in the Company’s common shares, nor will the Company be able to, directly or indirectly, issue securities to or acquire securities from an insider or employee of the Company, except in accordance with legally binding obligations to do so. The Company confirms that it intends to satisfy and will continue to comply with the alternative information guidelines set out in NP 12-203 for so long...