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AmeriTrust Financial - PWWBF STOCK NEWS

Welcome to our dedicated page for AmeriTrust Financial news (Ticker: PWWBF), a resource for investors and traders seeking the latest updates and insights on AmeriTrust Financial stock.

AmeriTrust Financial Technologies Inc. (PWWBF) delivers innovative automotive finance solutions through its cloud-based leasing platform and AI-driven risk management systems. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and technological advancements.

Access official press releases covering earnings reports, strategic partnerships, and innovations in vehicle lease origination. Stay informed about regulatory updates, market expansions, and AmeriTrust's proprietary technologies including machine learning applications for credit assessment and fraud prevention.

Key updates include progress in AI integration, automotive remarketing solutions, and developments within the AmeriTrust Serves division. Bookmark this page for direct access to primary source materials that impact investment decisions in the evolving fintech sector.

News

PowerBand Provides Update on Filing of Financial Statements

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PowerBand Solutions Inc. announces a delay in filing its audited annual financial statements for 2022 and 2023 due to audit completion delays, resulting in an application for a management cease trade order. The Company aims to file the Annual Filings by June 29, 2024, and will issue bi-weekly default status reports until then.
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PowerBand Engages HDCPA Professional Corporation as Auditor

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PowerBand Solutions announces the appointment of HDCPA Professional as its new auditor, replacing MNP LLP. HDCPA, a CPA firm with offices in Toronto and Mississauga, is licensed with CPA Ontario and registered with the Canadian Public Accountability Board. The change of auditor was reviewed and approved by PowerBand's board of directors.
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PowerBand Solutions Announces Appointment of New CEO and Board Members and $2 Million Financing of Common Shares

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PowerBand Solutions Inc. welcomes back former MUSA Auto Finance founder and CEO Jeff A. Morgan as the new CEO, along with Steven Lee returning to the Board of Directors. Mr. Morgan expresses gratitude towards Darrin Swenson and Bryan Hunt for their support. The company aims to enhance its business model and engage with its team, customers, and investors.
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PowerBand Receives TSXV Approval for Extension of Appointment of Independent Directors

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PowerBand Solutions (PWWBF) has been granted a 30-day extension by the TSX Venture Exchange to appoint two independent directors, with a new deadline set for April 30, 2024.
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PowerBand Announces Auditor Resignation

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PowerBand Solutions (PBX) announces the resignation of its auditors, MNP LLP. MNP resigned on their own initiative, with no reportable events, disagreements, or unresolved issues. PowerBand is now looking for a successor auditor.
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PowerBand Appoints New Director

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PowerBand Solutions (PBX) appoints CFO Shibu Abraham to the board of directors, satisfying the minimum requirements for the number of directors required by the TSX Venture Exchange. The trading halt on the company's common shares is anticipated to be lifted. The board of directors now consists of Bryan Hunt, a non-executive director, and two officers, Darrin Swenson, CEO, and Shibu Abraham, CFO.
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PowerBand Provides Corporate Update

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PowerBand Solutions (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) announced that its common shares have been temporarily halted for trading by the TSX Venture Exchange due to the departure of three board members, leading to non-compliance with the Exchange's requirement of a minimum of three directors. The Company has until January 5th, 2024 to appoint an additional director, failing which its common shares will be suspended from trading. PowerBand has initiated the process to fill the board vacancies.
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PowerBand Announces Resignation of Directors

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PowerBand Solutions (PBX) Announces Resignation of Board Members and Plans for Securing Funding Lines
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Powerband Announces Results of Annual General and Special Meeting

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PowerBand Solutions (PBX) Announces Successful Results of Annual General and Special Meeting of Shareholders
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PowerBand Announces Third Quarter 2023 Financial Results

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PowerBand Solutions (TSXV:PBX)(OTCQB:PWWBF)(Frankfurt:1ZVA) announced the filing of its Interim Consolidated Financial Statements and Management's Discussion and Analysis report for the three and nine-month period ended September 30, 2023. Revenue for Q3 2023 was $555,398, consistent with Q2 revenue of $497,549. The company had no new lease originations in Q2 and Q3, with revenues generated from servicing the existing lease portfolio. Adjusted EBITDA loss for Q3 2023 decreased by $332,395 compared to Q2 2023. Cash on hand as of September 30, 2023, was $4,209,210, down from $10,299,414 as of December 31, 2022. The company is engaging with funding partners to re-commence lease origination.
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PWWBF Stock Data

23.69M
497.33M
25.52%
Software - Application
Technology
Link
Canada
Burlington