on BioNxt Solutions Inc. (isin : CA0909741062)
BioNxt Solutions Updates on Management Cease Trade Order Status
BioNxt Solutions Inc. has provided an update regarding its Management Cease Trade Order (MCTO) following a previous announcement on May 1, 2025. The British Columbia Securities Commission (BCSC) implemented the MCTO due to delays in filing the company's annual audited financial statements for the year ending December 31, 2024. The order restricts trading by BioNxt's CEO and CFO until the company submits the necessary documents by June 30, 2025.
The company reports progress, as audit materials for its German subsidiaries have been consolidated, with draft financials sent to auditors. BioNxt's board states no significant changes have occurred since the initial acknowledgment of default. Ongoing adherence to alternative information guidelines is promised, with bi-weekly updates until the situation is resolved.
R. P.
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