Stingray Announces Receipt of Management Cease Trade Order

About this update from Stingray Group, Inc.

Stingray Announces Receipt of Management Cease Trade Order MONTREAL, June 30, 2026 (GLOBE NEWSWIRE) -- Stingray Group Inc. (TSX: RAY) (“Stingray” or the “Corporation”) today announced that, further to its news release dated June 22, 2026, regarding the Corporation’s application to the Autorité des marchés financiers (the “AMF”) for a temporary management cease trade order (the “MCTO”) to be imposed in respect of its delay in filing its audited consolidated financial statements for the year ended March 31, 2026, management’s discussion and analysis thereof and the CEO and CFO certificates associated therewith and its annual information form for the year ended March 31, 2026 (collectively, the “Required Filings”), the AMF has granted the MCTO. The MCTO prohibits the chief executive officer and the chief financial officer of the Corporation, as well as the directors of the Corporation, from trading in securities of the Corporation for so long as the Required Filings are not filed. The MCTO does not generally affect the ability of other persons to trade the securities of Stingray pending the filing of the Required Filings via SEDAR+. Additionally, for so long as the Required Filings are not filed, Stingray will not, directly or indirectly, issue securities or acquire securities from an insider or employee of the Corporation except in accordance with legally binding obligations to do so existing as of June 30, 2026. As previously disclosed, the delay in filing the Required Filings is due to the fact that Stingray’s auditor has not completed the required work to conclude its audit. Stingray understands that the unanticipated delay in completing the audit of its consolidated financial statements for the year ended March 31, 2026 is in large part due to the complexity of integrating the acquisitions completed in said financial year (including that of TuneIn Holdings, Inc.). Stingray remains committed to completing the filings as soon as practicable, which is expected to be no later than August 29, 2026. The MCTO will be in effect until the Required Filings are completed. In accordance with National Policy 12-203 – Management Cease Trade Orders (the “Policy”), Stingray will provide bi-weekly status updates by way of news releases for so long as...

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