Moovly Announces Failure to File Cease Trade Order
Moovly Media Inc. (TSXV: MVY) (OTC Pink: MVVYF) has received a failure-to-file cease trade order (FFCTO) from the British Columbia Securities Commission. The order prohibits trading or purchasing of company securities in Canada, including trades through TSX Venture Exchange. The FFCTO was issued due to Moovly's delay in filing its annual audited financial statements and related management's discussion and analysis for the fiscal year ended September 30, 2024.
exceptions allow non-insider beneficial shareholders who acquired securities before February 4, 2025, to sell through foreign organized regulated markets via registered Canadian investment dealers. The company states it is working with auditors to complete the required Annual Filings, which were originally due by January 28, 2025. Moovly confirms it is not under insolvency proceedings and has disclosed all material information.
Moovly Media Inc. (TSXV: MVY) (OTC Pink: MVVYF) ha ricevuto un'ordinanza di cessazione della negoziazione per mancata presentazione (FFCTO) dalla British Columbia Securities Commission. L'ordinanza vieta il trading o l'acquisto di titoli dell'azienda in Canada, comprese le transazioni attraverso il TSX Venture Exchange. Il FFCTO è stato emesso a causa del ritardo di Moovly nella presentazione dei bilanci annuali certificati e dell'analisi e discussione correlate per l'esercizio fiscale conclusosi il 30 settembre 2024.
Le eccezioni consentono agli azionisti beneficiari non insider che hanno acquisito titoli prima del 4 febbraio 2025, di vendere attraverso mercati regolamentati esteri tramite dealer d'investimento canadesi registrati. L'azienda afferma di stare lavorando con i revisori per completare le Filings Annuali richieste, che erano inizialmente previste entro il 28 gennaio 2025. Moovly conferma di non essere sotto procedimenti di insolvenza e ha divulgato tutte le informazioni materiali.
Moovly Media Inc. (TSXV: MVY) (OTC Pink: MVVYF) ha recibido una orden de cese de negociación por falta de presentación (FFCTO) de la British Columbia Securities Commission. La orden prohíbe la negociación o compra de valores de la empresa en Canadá, incluidas las transacciones a través de la TSX Venture Exchange. El FFCTO se emitió debido al retraso de Moovly en la presentación de sus estados financieros auditados anuales y el análisis y discusión relacionados para el año fiscal que finalizó el 30 de septiembre de 2024.
Las excepciones permiten a los accionistas beneficiarios no insiders que adquirieron valores antes del 4 de febrero de 2025, vender a través de mercados organizados extranjeros regulados mediante corredores de inversión canadienses registrados. La empresa declara que está trabajando con auditores para completar las Presentaciones Anuales requeridas, que originalmente debían presentarse antes del 28 de enero de 2025. Moovly confirma que no está bajo procedimientos de insolvencia y ha divulgado toda la información material.
Moovly Media Inc. (TSXV: MVY) (OTC Pink: MVVYF)는 브리티시 컬럼비아 증권 위원회(British Columbia Securities Commission)로부터 제출 실패에 따른 거래 중지 명령(FFCTO)을 받았습니다. 이 명령은 캐나다에서 회사 증권의 거래 또는 구매를 금지하며, TSX 벤처 교환을 통한 거래도 포함됩니다. FFCTO는 Moovly가 2024년 9월 30일에 종료된 회계 연도의 연간 감사 재무 제표 및 관련 경영 논의와 분석을 제출하는 데 지연이 있었기 때문에 발행되었습니다.
예외적으로 비 내외부 유익한 주주가 2025년 2월 4일 이전에 증권을 인수한 경우, 등록된 캐나다 투자 딜러를 통해 외국 조직화된 규제 시장에서 판매할 수 있습니다. 회사는 필수 연간 제출서를 완료하기 위해 감사인과 협력하고 있으며, 이는 원래 2025년 1월 28일까지 제출될 예정이었습니다. Moovly는 현재 파산 절차에 있지 않으며 모든 중요한 정보를 공개했다고 확인했습니다.
Moovly Media Inc. (TSXV: MVY) (OTC Pink: MVVYF) a reçu un ordre de cessation de négociation pour défaut de dépôt (FFCTO) de la British Columbia Securities Commission. Cet ordre interdit l'échange ou l'achat des titres de la société au Canada, y compris les transactions via la TSX Venture Exchange. Le FFCTO a été émis en raison du retard de Moovly dans le dépôt de ses états financiers annuels audités et de l'analyse de gestion connexe pour l'exercice clôturé le 30 septembre 2024.
Des exceptions permettent aux actionnaires bénéficiaires non initiés ayant acquis des titres avant le 4 février 2025 de vendre via des marchés réglementés organisés étrangers par des courtiers en investissement canadiens enregistrés. L'entreprise déclare qu'elle travaille avec des auditeurs pour compléter les dépôts annuels requis, qui devaient initialement être effectués avant le 28 janvier 2025. Moovly confirme qu'elle n'est pas sous procédure d'insolvabilité et a divulgué toutes les informations matérielles.
Moovly Media Inc. (TSXV: MVY) (OTC Pink: MVVYF) hat von der British Columbia Securities Commission eine Handelsaussetzung aufgrund von Nichtvorlegung (FFCTO) erhalten. Die Anordnung verbietet den Handel oder den Kauf von Unternehmenswerten in Kanada, einschließlich Transaktionen über die TSX Venture Exchange. Der FFCTO wurde aufgrund von Moovlys Verzögerung bei der Einreichung der jährlichen geprüften Finanzberichte sowie der damit verbundenen Managementdiskussion und -analyse für das am 30. September 2024 endende Geschäftsjahr erlassen.
Ausnahmen erlauben es nicht-insider nützlichen Aktionären, die Wertpapiere vor dem 4. Februar 2025 erworben haben, sie über ausländisch organisierte regulierte Märkte über registrierte kanadische Anlageberater zu verkaufen. Das Unternehmen gibt an, mit Prüfern zusammenzuarbeiten, um die erforderlichen Jahresmeldungen abzuschließen, die ursprünglich bis zum 28. Januar 2025 fällig waren. Moovly bestätigt, dass es sich nicht in einem Insolvenzverfahren befindet und alle wesentlichen Informationen offengelegt hat.
- None.
- Received failure-to-file cease trade order (FFCTO) halting trading in Canada
- Failed to file annual financial statements and MD&A by January 28, 2025 deadline
- Trading restrictions may impact stock liquidity and shareholder value
Vancouver, British Columbia--(Newsfile Corp. - February 6, 2025) - Moovly Media Inc. (TSXV: MVY) (OTC Pink: MVVYF) (FSE: 0PV2) ("Moovly" or the "Company") announces that the British Columbia Securities Commission (the "BCSC") as the principal regulator of the Company issued a failure-to-file case trade order (the "FFCTO") to the Company under Multilateral Instrument 11-103 - Failure-To-File Cease Trade Orders In Multiple Jurisdictions, prohibiting the trading in or the purchasing of any securities of the Company by any person or company in Canada, including trades in the Company's common shares made through the TSX Venture Exchange, except in accordance with the following conditions for so long as the FFCTO order remains in effect:
- a beneficial securityholder of the Company who is not, and was not at the date of the FFCTO an insider or control person of the Company, may sell securities of the Company acquired before the date of February 4, 2025 if both of the following apply: (a) the sale is made through a "foreign organized regulated market", as defined in section 1.1 of the Universal Market Integrity Rules of the Canadian Investment Regulatory Organization; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.
The FFCTO was issued as a result of the delay in the filing of the Company's annual audited financial statements and related management's discussion and analysis for the fiscal year ended September 30, 2024, and related filings (the "Annual Filings). Under National Instrument 51-102 - Continuous Disclosure Obligations, the Annual Filings were required to be made no later than January 28, 2025.
The Company is working diligently with its auditors to facilitate the completion of the Annual Filings as soon as practicable. The Company is not subject to any insolvency proceedings. There is no material information concerning the affairs of the Company that has not been generally disclosed.
About Moovly: Moovly is the leading provider of AI-powered creative tools to create compelling marketing, communications and training videos and video presentations. Moovly's advanced Studio Editor with millions of assets seamlessly integrated (via a partnership with Getty Images) is all you need to create engaging video content to promote, communicate or explain your product, service or message. Moovly's API and Automator technologies allow third parties to automate parts or all of the content creation process, including mass video customization, personalized videos (video version of mail merge), automatic content creation or updating by connecting data sources. With clients including users from over 300 of the Fortune 500, small businesses, freelancers and Ivy league universities, Moovly is an intuitive, cost effective choice for DIY creation of engaging video-based content.
"Your story begins with Moovly"
Files are available for download in our press room at www.moovly.com/pressroom.
For additional information about Moovly, please visit www.moovly.com.
Brendon Grunewald
President, CEO and Director
Email: press@moovly.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239937
FAQ
Why was Moovly Media (MVVYF) issued a cease trade order in February 2025?
Can investors still trade Moovly Media (MVVYF) shares after the February 2025 cease trade order?
When were Moovly Media's (MVVYF) delayed annual financial statements originally due?
What is Moovly Media (MVVYF) doing to resolve the cease trade order situation?
