Welcome to our dedicated page for PowerBand Solutions news (Ticker: $PWWBF), a resource for investors and traders seeking the latest updates and insights on PowerBand Solutions stock.
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PowerBand Solutions has provided a bi-weekly update on its Management Cease Trade Orders (MCTO) status. The MCTO, granted on April 30, 2024, by the Ontario Securities Commission, restricts the trading activities of the CEO and CFO but not other shareholders. The delay in filing audited financial statements, management's discussion and analysis, and management certifications for 2023 prompted the MCTO application. PowerBand aims to complete these filings by June 15, 2024. The company reassures that no other material changes or defaults have occurred since the initial default announcement on April 16, 2024. Regular updates will continue every two weeks until the filings are completed.
PowerBand Solutions (TSXV:PBX, OTC Pink:PWWBF, Frankfurt:1ZVA) has announced changes in its Board and senior management team.
Kris Gaerlan, a respected automotive industry leader and President of Dallas Lease Returns, joins the Board of Directors. His innovative dealership experience has earned multiple DealerRater awards.
Darrin Swenson has resigned from the board, while Bryan Hunt steps down as Chairman, remaining a director. CEO Jeff Morgan is appointed as the new Chairman.
Senior management changes include Xia Zhang as Chief Technology Officer, Blake Kirk as Chief Operating Officer, and Sean Severin as Chief Information Officer.
These moves aim to enhance PowerBand's leadership, aligning with strategic goals for growth and innovation in the e-commerce vehicle leasing and financing sector.
PowerBand Solutions Inc. announces that the Ontario Securities Commission has granted the Company a management cease trade order (MCTO) due to a delay in filing financial statements. The MCTO restricts management from trading in securities until filings are complete. The Company aims to file by June 15, 2024, and remains in compliance with alternative information guidelines.
