Peak Fintech Provides Update on Status of Effectiveness of its Form 40-F

Rhea-AI Summary

Peak Fintech Group Inc. (CSE: PKK, NASDAQ: TNT) announced that the Nasdaq Capital Market has informed the company that the SEC is reviewing its Form 40-F registration statement. Consequently, trading of Peak's shares on NASDAQ has been temporarily halted. The delay in the SEC review process is longer than expected, impacting trading activities. Peak Fintech operates in the commercial lending sector, providing a platform, the Cubeler Business Hub, which connects financial institutions and businesses through analytics and AI.

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• None.

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• Temporary halt in trading on NASDAQ due to delayed SEC review of Form 40-F.

MONTREAL, Sept. 21, 2021 /PRNewswire/ - Peak Fintech Group Inc. (CSE: PKK) (NASDAQ: TNT) ("Peak" or the "Company"), an innovative Fintech service provider and manager of the Cubeler Business Hub, today announced that it has been advised by the Nasdaq Capital Market ("NASDAQ") that the US Securities and Exchange Commission (the "SEC") is still in the process of reviewing the Company's registration statement, known as Form 40-F. As the review process is taking longer than originally expected, trading of Peak's common shares on the NASDAQ has been temporarily halted until the SEC completes its review and issues the notice of effectiveness of the Company's Form 40-F.

About Peak Fintech Group Inc.:
Peak Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating primarily in the commercial lending industry. Peak's subsidiaries bring together lending financial institutions and businesses to create the Cubeler Business Hub, an ecosystem where analytics and artificial intelligence are used to facilitate transactions among members of the ecosystem. For more information: http://www.peakfintechgroup.com

For more information, please contact:
CHF Capital Markets	MZ Group – MZ North America	Peak Fintech Group
Cathy Hume, CEO	Mark Schwalenberg, CFA	Barry Ellison, Director of Marketing and Communications
416-868-1079 ext.: 251	1-312-261-6430	514-340-7775 ext.: 521
cathy@chfir.com	PEAK@mzgroup.us	bellison@peakfintechgroup.com

Follow Peak Fintech Group Inc. on social media:

Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Fintech
YouTube: Peak Fintech

Forward-Looking Statements / Information:
This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including "anticipate", "believe", "could", "expect", "intend", "may", "plan", "potential", "project", "seek", "should", "will", "would" and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.

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SOURCE Peak Fintech Group Inc.

FAQ

What caused the trading halt of Peak Fintech Group (PKKFF, TNT) shares?

The trading halt of Peak Fintech Group shares was due to the SEC's prolonged review of its Form 40-F registration statement.

How long is Peak Fintech's trading expected to be halted?

The duration of the trading halt is uncertain and depends on how long the SEC takes to complete its review.

What is the significance of the Form 40-F for Peak Fintech Group?

The Form 40-F is a registration statement that needs to be approved by the SEC for the company to trade its shares on NASDAQ.

Has Peak Fintech Group reported any financial changes due to the trading halt?

The press release does not mention any direct financial changes resulting from the trading halt at this time.