STOCK TITAN

Perk Labs Inc. Provides Update on Status of MCTO

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Perk Labs Inc. provided an update on the status of a management cease trade order (MCTO) granted by the British Columbia Securities Commission. The MCTO was issued to allow additional time for the company to file its audited annual financial statements by May 31, 2024. The order prohibits trading by the CEO and CFO but does not affect other shareholders. The company is working diligently to complete the filings and will issue bi-weekly default status reports until the requirements are met.
Perk Labs Inc. ha fornito un aggiornamento sullo stato dell'ordine di sospensione del commercio per la direzione (MCTO) concesso dalla Commissione per i Titoli della Columbia Britannica. L'MCTO è stato rilasciato per concedere più tempo all'azienda per presentare i suoi bilanci annuali auditati entro il 31 maggio 2024. L'ordine proibisce le attività di trading del CEO e del CFO, ma non influisce sugli altri azionisti. La società sta lavorando assiduamente per completare la documentazione e rilascerà rapporti di stato di inadempimento bisettimanali fino al soddisfacimento dei requisiti.
Perk Labs Inc. ha proporcionado una actualización sobre el estado de una orden de prohibición de negociación para la gerencia (MCTO) otorgada por la Comisión de Valores de Columbia Británica. El MCTO se emitió para dar más tiempo a la compañía para presentar sus estados financieros anuales auditados antes del 31 de mayo de 2024. La orden prohíbe la negociación por parte del CEO y del CFO, pero no afecta a otros accionistas. La compañía está trabajando diligentemente para completar las presentaciones y emitirá informes de estado de incumplimiento cada dos semanas hasta que se cumplan los requisitos.
Perk Labs Inc.는 영국 콜롬비아 증권위원회가 제공한 경영진 거래 정지 명령(MCTO)의 상태에 대해 업데이트를 제공했습니다. MCTO는 회사가 2024년 5월 31일까지 감사받은 연간 재무제표를 제출할 수 있도록 추가 시간을 부여하기 위해 발행되었습니다. 이 명령은 CEO와 CFO의 거래를 금지하지만 다른 주주들에게는 영향을 미치지 않습니다. 회사는 문서를 완료하기 위해 열심히 작업 중이며, 요구 사항이 충족될 때까지 격주로 기본 상태 보고서를 발행할 예정입니다.
Perk Labs Inc. a fourni une mise à jour sur le statut de l'ordonnance de cessation d'échange de la direction (MCTO) accordée par la Commission des valeurs mobilières de la Colombie-Britannique. Le MCTO a été émis pour accorder plus de temps à l'entreprise pour déposer ses états financiers annuels audités d'ici le 31 mai 2024. L'ordonnance interdit les échanges par le PDG et le CFO mais n'affecte pas les autres actionnaires. L'entreprise travaille diligemment à compléter les dépôts et publiera des rapports de situation de défaut bihebdomadaires jusqu'à ce que les exigences soient satisfaites.
Perk Labs Inc. hat ein Update über den Status einer Management-Handelsuntersagungsanordnung (MCTO) bereitgestellt, die von der British Columbia Securities Commission gewährt wurde. Die MCTO wurde erteilt, um dem Unternehmen zusätzliche Zeit für die Einreichung seiner geprüften Jahresabschlüsse bis zum 31. Mai 2024 zu geben. Die Anordnung verbietet den Handel durch den CEO und CFO, beeinträchtigt jedoch nicht andere Aktionäre. Das Unternehmen arbeitet eifrig daran, die Einreichungen zu vervollständigen und wird bis zur Erfüllung der Anforderungen alle zwei Wochen Berichte über den Standardstatus herausgeben.
Positive
  • None.
Negative
  • None.

VANCOUVER, BC / ACCESSWIRE / April 18, 2024 / Perk Labs Inc. (CSE:PERK)(OTC PINK:PKLBF)(FKT:PKLB) ("Perk" or the "Company"), is providing an update on the status of a management cease trade order (the "MCTO") application to the British Columbia Securities Commission that the Company announced was granted on April 3, 2024.

The Company was granted a voluntary MCTO under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"). As previously announced, the application for the MCTO was made by the Company in order to secure additional time for the Company to file its audited annual financial statements and the related management's discussion and analysis for the year ended November 30, 2023,(the "Annual Filings"), which were due on April 1, 2024.

The MCTO prohibits all trading in the capital of the Company, whether directly or indirectly, by the Company's CEO and CFO. The MCTO does not affect the ability of other shareholders to trade in the securities of the Company.

The Company and its auditors continue to work diligently toward completing the Annual Filings as soon as possible. The Company maintains its expectation that it will be in a position to file the Annual Filings on or before May 31, 2024.

The Company confirms that since the date of the Announcement: (i) other than as described above, there has been no material change to the information set out in the Announcement that has not been generally disclosed; (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 (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed.

The Company will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the above-noted filing requirements

About Perk Labs Inc.
Perk Labs Inc., (CSE:PERK)(OTC PINK:PKLBF)(FKT:PKLB), the owner of Getit Technologies Inc. and Perk Hero Software Inc. ("Perk Labs"), provides innovative mobile ordering and payment systems, allowing customers the ability to scan a QR code or NFC sticker to order and pay for their purchases directly from their phone. Perk Labs specializes in providing a single unified payment interface for complex purchase environments - environments that have multiple retailers processing an array of different transactions, including food and beverage purchases, merchandise sales, ticketing, registrations, donations, parking fees, and service payments. Perk Labs provides a custom-branded solution that is ideal for multi-transaction brands such as stadiums and arenas, university and college campuses, conference centers, hotels and resorts, festivals and events, and professional service companies.

For more information, contact:
Ryan Hardy
CEO
(833) 338-0299
investors@getittechnologies.io

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "may", "believe", "thinks", "expect", "exploring", "expand", "could", "anticipate", "intend", "estimate", "plan", "pursue", "potentially", "projected", "should", "will" and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of the Company's business strategies and its expectations concerning future operations, and expectations of future revenues for the Company. Although the Company considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.

SOURCE: Perk Labs Inc.



View the original press release on accesswire.com

FAQ

What is the status update provided by Perk Labs Inc. regarding the MCTO?

Perk Labs Inc. provided an update on the status of a management cease trade order (MCTO) granted by the British Columbia Securities Commission.

When are the audited annual financial statements expected to be filed by Perk Labs Inc.?

The audited annual financial statements are expected to be filed by Perk Labs Inc. on or before May 31, 2024.

Who is prohibited from trading under the MCTO issued to Perk Labs Inc.?

The MCTO prohibits trading in the capital of the company by the CEO and CFO.

How is Perk Labs Inc. planning to fulfill the filing requirements under the MCTO?

Perk Labs Inc. will issue bi-weekly default status reports in the form of news releases until the filing requirements are met.

PERK LABS INC

OTC:PKLBF

PKLBF Rankings

PKLBF Latest News

PKLBF Stock Data

3.94M
344.66M
31.09%
Software - Infrastructure
Technology
Link
United States of America
Vancouver