BioVaxys Technology Corp. Announces Revocation of Cease Trade Order

Rhea-AI Summary

BioVaxys Technology Corp. (CSE: BIOV, FRA: 5LB, OTC: BVAXF) announced the revocation of a cease trade order issued by the Ontario Securities Commission (OSC) on May 15, 2024. The order was due to delays in filing audited annual financial statements for the year ended October 31, 2023, and interim financial statements for the three months ended January 31, 2024. The company has now completed these filings, along with interim financial statements for the six months ended April 30, 2024. The OSC confirmed the order revocation on July 11, 2024, with all filings available on SEDAR+.

Positive

• Revocation of the cease trade order by the OSC.
• Completed and filed audited annual financial statements for the year ended October 31, 2023.
• Filed interim financial statements for three months ended January 31, 2024, and six months ended April 30, 2024.

Negative

• Initial delay in filing audited and interim financial statements.

VANCOUVER, BC, July 12, 2024 /PRNewswire/ -- BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTC: BVAXF) (the "Company") is pleased to announce the revocation of the failure to file cease trade order (the "FFCTO") issued by its principal regulator, the Ontario Securities Commission (the "OSC"), on May 15, 2024.

The FFCTO was issued by the OSC under National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions as a result of the delay in filing the Company's (i) audited annual financial statements for the year ended October 31, 2023, its management's discussion and analysis for the year ended October 31, 2023, and related filings, and (ii) interim financial statements for the three months ended January 31, 2024, its management's discussion and analysis for the three months ended January 31, 2024, and related filings (collectively, the "Required Filings").

In addition to completing the Required Filings, the Company confirms it has also filed its interim financial statements for the six months ended April 30, 2024, its management's discussion and analysis for the six months ended April 30, 2024, and related filings, which were also required to be filed under National Instrument 51-102 Continuous Disclosure Obligations. All of the Company's filing are available under the Company's profile on SEDAR+ at www.sedarplus.ca.

The Company reports that the OSC is satisfied that the order to revoke the FFCTO meets the test set out in the legislation for the OSC and has revoked the FFCTO effective July 11, 2024.

About BioVaxys Technology Corp.

BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it's HapTenix© 'neoantigen' tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company's clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© 'neoantigen' tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol "BIOV" and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.

ON BEHALF OF THE BOARD

Signed "James Passin"
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

Logo:  https://mma.prnewswire.com/media/2415135/4808701/BioVaxys_Technology_Corp_Logo.jpg

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SOURCE BioVaxys Technology Corporation

FAQ

What significant announcement did BioVaxys Technology Corp. make on July 12, 2024?

BioVaxys Technology Corp. announced the revocation of the cease trade order issued by the Ontario Securities Commission on May 15, 2024.

Why was the cease trade order issued to BioVaxys Technology Corp.?

The cease trade order was issued due to delays in filing audited annual financial statements and interim financial statements.

When did BioVaxys Technology Corp. complete its delayed financial filings?

BioVaxys Technology Corp. completed its delayed financial filings by July 11, 2024.

Where can investors find the recent financial filings of BioVaxys Technology Corp.?

Investors can find the recent financial filings of BioVaxys Technology Corp. on SEDAR+.

What is the stock symbol for BioVaxys Technology Corp. on the OTC market?

The stock symbol for BioVaxys Technology Corp. on the OTC market is BVAXF.