NextGen Food Robotics Corp. Provides Bi-Weekly MCTO Status Update
NextGen Food Robotics Corp. (CBOE: NGRB; OTC Pink: NGRBF) has provided a bi-weekly status update regarding its Management Cease Trade Order (MCTO). The company is delayed in filing its annual financial documents for the fiscal year ended April 30, 2024. Initially expecting to file by August 31, 2024, the company now anticipates filing by September 16, 2024. The MCTO, issued on July 30, 2024, restricts the CEO and CFO from trading company securities until the required documents are filed and the MCTO is revoked by the British Columbia Securities Commission. NextGen Food Robotics confirms compliance with alternative information guidelines and states no material changes or additional defaults have occurred since the original announcement.
NextGen Food Robotics Corp. (CBOE: NGRB; OTC Pink: NGRBF) ha fornito un aggiornamento bi-settimanale riguardante il suo Ordine di Interruzione della Gestione (MCTO). La società è in ritardo nella presentazione dei documenti finanziari annuali per l'anno fiscale conclusosi il 30 aprile 2024. Inizialmente si prevedeva di presentare entro il 31 agosto 2024, ma ora la società prevede di presentare entro il 16 settembre 2024. L'MCTO, emesso il 30 luglio 2024, limita il CEO e il CFO dal commercio di titoli aziendali fino a quando i documenti richiesti non saranno presentati e l'MCTO non verrà revocato dalla British Columbia Securities Commission. NextGen Food Robotics conferma la conformità con le linee guida sulle informazioni alternative e dichiara che non si sono verificati cambiamenti materiali o ulteriori inadempienze dalla comunicazione originale.
NextGen Food Robotics Corp. (CBOE: NGRB; OTC Pink: NGRBF) ha proporcionado una actualización de estado quincenal sobre su Orden de Suspensión de Gestión (MCTO). La empresa se encuentra retrasada en la presentación de sus documentos financieros anuales para el año fiscal que finalizó el 30 de abril de 2024. Inicialmente se esperaba presentar antes del 31 de agosto de 2024, pero ahora la empresa anticipa presentar antes del 16 de septiembre de 2024. El MCTO, emitido el 30 de julio de 2024, restringe al CEO y al CFO de negociar valores de la compañía hasta que se presenten los documentos requeridos y el MCTO sea revocado por la Comisión de Valores de Columbia Británica. NextGen Food Robotics confirma su cumplimiento con las pautas de información alternativa y declara que no ha habido cambios materiales ni incumplimientos adicionales desde el anuncio original.
NextGen Food Robotics Corp. (CBOE: NGRB; OTC Pink: NGRBF)는 관리 중지 명령(MCTO)에 관한 격주 상태 업데이트를 제공했습니다. 이 회사는 2024년 4월 30일 종료된 회계연도에 대한 연간 재무 문서 제출이 지연되고 있습니다. 원래 2024년 8월 31일까지 제출할 것으로 예상했으나 이제는 2024년 9월 16일까지 제출할 것으로 예상하고 있습니다. 2024년 7월 30일에 발행된 MCTO는 CEO와 CFO가 필요한 문서가 제출되고 MCTO가 브리티시컬럼비아 증권위원회에 의해 철회될 때까지 회사 증권 거래를 제한합니다. NextGen Food Robotics는 대체 정보 지침 준수를 확인하며 원래 발표 이후의 중대한 변화나 추가적인 위반 사항이 없다고 밝힙니다.
NextGen Food Robotics Corp. (CBOE: NGRB; OTC Pink: NGRBF) a fourni une mise à jour bihebdomadaire concernant son Ordre de Suspension de Gestion (MCTO). La société a du retard dans le dépôt de ses documents financiers annuels pour l'exercice clos le 30 avril 2024. Initialement prévu pour le 31 août 2024, la société anticipe désormais le dépôt pour le 16 septembre 2024. L'MCTO, émis le 30 juillet 2024, interdit au PDG et au CFO de négocier les titres de la société jusqu'à ce que les documents requis soient déposés et que l'MCTO soit levé par la Commission des valeurs mobilières de la Colombie-Britannique. NextGen Food Robotics confirme sa conformité aux lignes directrices sur les informations alternatives et déclare qu'aucun changement matériel ni défaut supplémentaire n'ont eu lieu depuis l'annonce initiale.
NextGen Food Robotics Corp. (CBOE: NGRB; OTC Pink: NGRBF) hat ein zweiwöchiges Statusupdate zu seiner Management-Cease-Trade-Order (MCTO) bereitgestellt. Das Unternehmen ist bei der Einreichung seiner jährlichen Finanzdokumente für das am 30. April 2024 endende Geschäftsjahr im Verzug. Ursprünglich wurde die Einreichung bis zum 31. August 2024 erwartet, das Unternehmen rechnet nun damit, bis zum 16. September 2024 einzureichen. Die am 30. Juli 2024 erlassene MCTO beschränkt den CEO und CFO daran, Unternehmenswertpapiere zu handeln, bis die erforderlichen Dokumente eingereicht und die MCTO von der British Columbia Securities Commission aufgehoben werden. NextGen Food Robotics bestätigt die Einhaltung der Richtlinien für alternative Informationen und erklärt, dass seit der ursprünglichen Ankündigung keine wesentlichen Änderungen oder zusätzlichen Verstöße aufgetreten sind.
- None.
- Delay in filing annual financial documents
- Extended filing deadline from August 31 to September 16, 2024
- Management Cease Trade Order (MCTO) restricting CEO and CFO from trading company securities
VANCOUVER, BC, Aug. 27, 2024 (GLOBE NEWSWIRE) -- NextGen Food Robotics Corp. (the “Company”) (CBOE: NGRB; OTC Pink: NGRBF; Frankfurt: O83) is providing a bi-weekly default status report 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.
The Company’s management continues to work diligently to complete the Required Documents. The Company now expects that the Required Documents will be filed by September 16, 2024.
The Company confirms that since the date of the Original Announcement: (i) other than as described above and in its Original Announcement, 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) 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.
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 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, and the Company’s annual information form for the fiscal year ended April 30, 2024. 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
What is the current status of NextGen Food Robotics Corp.'s (NGRBF) financial filings?
When was the Management Cease Trade Order (MCTO) issued for NextGen Food Robotics Corp. (NGRBF)?
What restrictions does the MCTO place on NextGen Food Robotics Corp. (NGRBF)?
Has NextGen Food Robotics Corp. (NGRBF) reported any other defaults or material changes since the original MCTO announcement?
