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On May 30, 2024, BTQ Technologies provided an update on the management cease trade order (MCTO) issued by the British Columbia Securities Commission on April 3, 2024, under National Policy 12-203. The MCTO was due to the company's anticipated inability to file its audited annual financial statements for the year ended December 31, 2023, by the required deadline.
The company plans to file these annual financial statements by June 3, 2024. Additionally, due to this delay, BTQ Technologies will also be unable to file its interim financial statements for Q1 2024 on time but expects to do so by June 10, 2024.
The company has stated there are no material changes since their last update and no insolvency proceedings. BTQ Technologies will continue to provide bi-weekly updates until the delays are resolved.
BTQ Technologies Corp, based in Vancouver, provides a bi-weekly status update on its management cease trade order (MCTO) issued by the British Columbia Securities Commission (BCSC) under National Policy 12-203. The company announced delays in filing its audited annual financial statements for the year ending December 31, 2023, and associated documents, now expected by June 3, 2024, instead of the initial May 24, 2024 deadline. Consequently, the interim financial statements for Q1 2024 are also delayed, anticipated to be filed by June 10, 2024. The company confirms no material changes or insolvency proceedings and will continue providing bi-weekly updates.
Nicolas Roussy Newton, Co-Founder and COO of BTQ Technologies, will present at the IQT Vancouver • Pacific Rim 2024 conference, showcasing the company's quantum innovations. The event will focus on practical applications of quantum technologies across industries and provide a platform for collaboration.
BTQ Technologies Corp. provided a bi-weekly update on the management cease trade order (MCTO) issued by the British Columbia Securities Commission. The Company will delay filing its audited annual financial statements for 2023 and associated documents, expecting to file by May 24, 2024, instead of May 2, 2024. This delay also affects the filing of interim financial statements for the three months ended March 31, 2024, now expected by May 29, 2024. The Company is committed to complying with regulatory guidelines and providing bi-weekly status reports until the filings are complete.
