NextGen Food Robotics Corp. Provides Bi-Weekly MCTO Status Update
NextGen Food Robotics Corp. (CBOE: NGRB; OTC Pink: NGRBF) has provided an update on its Management Cease Trade Order (MCTO) status. The company, which initially expected to file its Required Documents by August 31, 2024, has now extended the anticipated filing date to November 1, 2024. This includes audited annual financial statements, management discussion and analysis, CEO and CFO certificates, and the annual information form for the fiscal year ended April 30, 2024.
Additionally, the Q1 Interim Report for the quarter ended July 31, 2024, originally due on September 16, 2024, is now also expected to be filed by November 1, 2024. The company confirms compliance with alternative information guidelines and states no material changes or defaults other than those disclosed.
NextGen Food Robotics Corp. (CBOE: NGRB; OTC Pink: NGRBF) ha fornito un aggiornamento sullo stato del suo Ordine di Interruzione della Gestione (MCTO). L'azienda, che inizialmente si aspettava di presentare i Documenti Richiesti entro il 31 agosto 2024, ha ora prorogato la data di presentazione prevista al 1 novembre 2024. Questo include i bilanci annuali redatti da revisori, la discussione e analisi della gestione, i certificati del CEO e CFO, e il modulo informativo annuale per l'esercizio fiscale conclusosi il 30 aprile 2024.
Inoltre, il rapporto provvisorio del primo trimestre per il periodo terminato il 31 luglio 2024, originariamente previsto per il 16 settembre 2024, è ora anch'esso atteso per essere presentato entro il 1 novembre 2024. L'azienda conferma di rispettare le linee guida alternative per le informazioni e dichiara che non ci sono cambiamenti materiali o inadempienze oltre a quelle già comunicate.
NextGen Food Robotics Corp. (CBOE: NGRB; OTC Pink: NGRBF) ha proporcionado una actualización sobre el estado de su Orden de Suspensión de Comercio de Administración (MCTO). La empresa, que inicialmente esperaba presentar sus Documentos Requeridos para el 31 de agosto de 2024, ahora ha ampliado la fecha de presentación anticipada al 1 de noviembre de 2024. Esto incluye estados financieros anuales auditados, discusión y análisis de la administración, certificados del CEO y CFO, y el formulario de información anual para el año fiscal que terminó el 30 de abril de 2024.
Además, se espera que el Informe Provisional del Q1 para el trimestre terminado el 31 de julio de 2024, que originalmente debía presentarse el 16 de septiembre de 2024, también se presente antes del 1 de noviembre de 2024. La empresa confirma su cumplimiento con las pautas de información alternativa y señala que no hay cambios materiales ni incumplimientos, aparte de los divulgados.
넥스트젠 푸드 로보틱스 Corp. (CBOE: NGRB; OTC Pink: NGRBF)는 경영거래중지명령(MCTO) 상태에 대한 업데이트를 제공했습니다. 회사는 원래 2024년 8월 31일까지 필수 문서를 제출할 것이라고 예상했으나, 이제 제출 기한을 2024년 11월 1일로 연장했습니다. 여기에는 감사된 연간 재무제표, 경영진의 토론 및 분석, CEO 및 CFO 인증서, 2024년 4월 30일 종료된 회계 연도에 대한 연간 정보 양식이 포함됩니다.
또한, 2024년 7월 31일에 종료된 분기에 대한 1분기 중간 보고서는 원래 2024년 9월 16일에 제출될 예정이었으나, 이제 2024년 11월 1일까지 제출될 것으로 예상됩니다. 회사는 대체 정보 지침 준수를 확인하며, 공시된 사항 외에 중대한 변경 사항이나 Defaults가 없다고 보고했습니다.
NextGen Food Robotics Corp. (CBOE: NGRB; OTC Pink: NGRBF) a fourni une mise à jour sur l'état de son Ordre de Suspension de Commerce de Gestion (MCTO). L'entreprise, qui espérait initialement déposer ses Documents Requis d'ici le 31 août 2024, a maintenant prolongé la date de dépôt prévue au 1er novembre 2024. Cela inclut les états financiers annuels audités, la discussion et l'analyse de la direction, les certificats du PDG et du CFO, ainsi que le formulaire d'information annuel pour l'exercice fiscal se terminant le 30 avril 2024.
De plus, le Rapport Intermédiaire du T1 pour le trimestre se terminant le 31 juillet 2024, qui devait initialement être déposé le 16 septembre 2024, est également maintenant attendu pour le 1er novembre 2024. L'entreprise confirme sa conformité aux lignes directrices sur les informations alternatives et déclare qu'il n'y a pas de changements matériels ou de manquements autres que ceux divulgués.
NextGen Food Robotics Corp. (CBOE: NGRB; OTC Pink: NGRBF) hat ein Update zu ihrem Management-Handelsstopp-Befehl (MCTO) bereitgestellt. Das Unternehmen, das ursprünglich plante, die erforderlichen Dokumente bis zum 31. August 2024 einzureichen, hat nun das voraussichtliche Einreichungsdatum auf den 1. November 2024 verschoben. Dies umfasst die geprüften Jahresabschlüsse, die Diskussion und Analyse des Managements, die Zertifikate des CEO und CFO sowie das jährliche Informationsformular für das am 30. April 2024 endende Geschäftsjahr.
Darüber hinaus wird der Zwischenbericht für das erste Quartal für das am 31. Juli 2024 endende Quartal, der ursprünglich bis zum 16. September 2024 fällig war, ebenfalls bis zum 1. November 2024 erwartet. Das Unternehmen bestätigt die Einhaltung alternativer Informationsrichtlinien und erklärt, dass es keine wesentlichen Änderungen oder Verstöße, abgesehen von den bekanntgegebenen, gibt.
- None.
- Delayed filing of Required Documents and Q1 Interim Report
- Extended MCTO restricting CEO and CFO from trading company securities
VANCOUVER, BC, Oct. 08, 2024 (GLOBE NEWSWIRE) -- NextGen Food Robotics Corp. (the “Company”) (CBOE: NGRB; OTC Pink: NGRBF; Frankfurt: O83) is providing an update in accordance with National Policy 12-203 - Management Cease Trade Orders ("NP 12-203").
On August 13, 2024, the Company announced that it applied for a management cease trade order ("MCTO") with the British Columbia Securities Commission ("BCSC") in connection with the delay in filing of its audited annual financial statements for the year ended April 30, 2024, related management discussion and analysis, CEO and CFO certificates and annual information form for the fiscal year ended April 30, 2024 (collectively, the "Required Documents") by the prescribed filing deadline (the "Original Announcement"). At that time, based on information then-available, the Company expected to file the Required Documents by August 31, 2024. The MCTO was issued on July 30, 2024 and restricts its Chief Executive Officer and Chief Financial Officer from trading in securities of the Company, whether direct or indirect, until the Company files the Required Documents and the BCSC revokes the MCTO. On August 27, 2024, in its first bi-weekly status update, the Company announced that it expected to file the Required Documents by September 16, 2024. On September 12, 2024, the Company announced that it expected to file the Required Documents by September 27, 2024. On September 24, 2024, the Company announced that it expected to file the Required Documents by October 11, 2024.
As of today’s date, the Company expects that the Required Documents will be filed by November 1, 2024. In addition, as previously announced on September 27, 2024, the Company's interim financial report, related management discussion and analysis and certificates of the Chief Executive Officer and Chief Financial Officer for the first quarter of 2024 ended July 31, 2024 (the "Q1 Interim Report") which was required to be filed by September 16, 2024, is now expected to be filed by November 1, 2024. The Company will file the Q1 Interim Report in conjunction with, and immediately following, the filing of the Required Documents.
The Company confirms that since the date of the Original Announcement: (i) other than as described above and in its first, second and third bi-weekly status update, there have been no changes to the information set out in the Original Announcement that would be expected to be material to an investor; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) other than the failure to file the Q1 Interim Report, there has not been any other specified default by the Company under NP 12-203, and, no such other default is anticipated; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed.
The Company confirms it will continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 so long as it remains in default of the requirement to file the Required Documents and the Q1 Interim Report.
About NextGen Food Robotics
Nextgen Food Robotics operates commissary and ghost kitchens from its two locations in Vancouver, BC. Additionally, the Company is developing the “Lily app”, which is an AI-powered mobile application designed to provide personalized food recommendations and automated meal-planning.
ON BEHALF OF THE BOARD OF DIRECTORS
Paul Francisco Rivas, Chief Executive Officer
1 (236) 471-1357
privas@nextgenai.ca
Cautionary Note on Forward-Looking Information
This news release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements generally are identified by words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” and similar expressions and in this news release include statements respecting the timing of filing of the Company’s Required Filings and Q1 Interim Report, and Company’s compliance with the MCTO and NP 12-203. In particular, this news release contains forward-looking information relating to the anticipated date for filing the annual financial statements for the year ended April 30, 2024, related management's discussion and analysis, related certifications for the financial year ended April 30, 2024, the Company’s annual information form for the fiscal year ended April 30, 2024 and the Q1 Interim Report. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this news release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
Neither the Cboe Canada nor its Market Regulator (as that term is defined in the Listing Manual of Cboe Canada) accepts responsibility for the adequacy or accuracy of this news release.
FAQ
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