Scope Technologies Announces Re-Filing of Annual and Interim Management Discussion and Analysis
Scope Technologies Corp (CSE: SCPE) (OTCQB: SCPCF) has announced the re-filing of its Annual and Interim Management Discussion and Analysis following a review by the British Columbia Securities Commission. The company has amended its MD&A documents to include additional disclosures regarding:
- Development stages and costs for QSE and GEM Platforms
- Details of the QSE Platform acquisition as a related party transaction
- QSE Technology purchase price basis and subsequent impairment
- Farm Flight Inc. business agreements and impaired loan advances
- GEM Platform license agreement details
- Expanded information on investor relations, marketing, R&D expenses, and share-based compensation
- Use of proceeds from previous fundraising
The company also clarified that references to an independent valuation report on QSE technology should be excluded from certain financial reports.
Scope Technologies Corp (CSE: SCPE) (OTCQB: SCPCF) ha annunciato il reinvio della sua Discussione e Analisi della Gestione Annuale e Intermedia a seguito di una revisione da parte della British Columbia Securities Commission. L'azienda ha modificato i suoi documenti MD&A per includere ulteriori informazioni riguardanti:
- Le fasi di sviluppo e i costi per le piattaforme QSE e GEM
- Dettagli sull'acquisizione della piattaforma QSE come transazione tra parti correlate
- Il prezzo di acquisto della tecnologia QSE e il successivo deprezzamento
- Accordi commerciali di Farm Flight Inc. e prestiti deteriorati
- Dettagli sul contratto di licenza della piattaforma GEM
- Informazioni ampliate sulle relazioni con gli investitori, marketing, spese di R&D e compensi basati su azioni
- Utilizzo dei proventi da precedenti raccolte fondi
L'azienda ha anche chiarito che i riferimenti a un rapporto di valutazione indipendente sulla tecnologia QSE dovrebbero essere esclusi da alcuni rapporti finanziari.
Scope Technologies Corp (CSE: SCPE) (OTCQB: SCPCF) ha anunciado el nuevo archivo de su Discusión y Análisis de Gestión Anual e Intermedia tras una revisión por parte de la Comisión de Valores de Columbia Británica. La compañía ha modificado sus documentos MD&A para incluir divulgaciones adicionales sobre:
- Las etapas de desarrollo y costos de las plataformas QSE y GEM
- Detalles de la adquisición de la plataforma QSE como una transacción entre partes relacionadas
- Base de precio de compra de la tecnología QSE y posterior deterioro
- Acuerdos comerciales de Farm Flight Inc. y avances de préstamos deteriorados
- Detalles del contrato de licencia de la plataforma GEM
- Información ampliada sobre relaciones con inversores, marketing, gastos de I+D y compensación basada en acciones
- Uso de los ingresos de recaudaciones anteriores
La compañía también aclaró que las referencias a un informe de valoración independiente sobre la tecnología QSE deben ser excluidas de ciertos informes financieros.
Scope Technologies Corp (CSE: SCPE) (OTCQB: SCPCF)는 브리티시컬럼비아 증권위원회의 검토 후 연간 및 중간 경영 토론 및 분석을 재제출한다고 발표했습니다. 회사는 다음과 관련된 추가 공시를 포함하도록 MD&A 문서를 수정했습니다:
- QSE 및 GEM 플랫폼의 개발 단계 및 비용
- 관련 당사자 거래로서의 QSE 플랫폼 인수 세부정보
- QSE 기술 구매 가격 기준 및 이후 손상
- Farm Flight Inc.의 사업 계약 및 손상된 대출 진전
- GEM 플랫폼 라이센스 계약 세부정보
- 투자자 관계, 마케팅, 연구 개발 비용 및 주식 기반 보상에 대한 확장된 정보
- 이전 자금 조달에서의 수익 사용
회사는 또한 QSE 기술에 대한 독립적인 평가 보고서에 대한 언급은 특정 재무 보고서에서 제외해야 한다고 명확히 했습니다.
Scope Technologies Corp (CSE: SCPE) (OTCQB: SCPCF) a annoncé le nouveau dépôt de sa Discussion et Analyse de Gestion Annuelle et Intermédiaire suite à un examen par la Commission des Valeurs Mobilières de la Colombie-Britannique. L'entreprise a modifié ses documents MD&A pour inclure des divulgations supplémentaires concernant :
- Les étapes de développement et les coûts des plateformes QSE et GEM
- Détails sur l'acquisition de la plateforme QSE en tant que transaction entre parties liées
- Base de prix d'achat de la technologie QSE et dépréciation subséquente
- Accords commerciaux de Farm Flight Inc. et avances de prêts dépréciés
- Détails sur l'accord de licence de la plateforme GEM
- Informations élargies sur les relations avec les investisseurs, le marketing, les dépenses de R&D et la compensation basée sur des actions
- Utilisation des produits des levées de fonds précédentes
L'entreprise a également précisé que les références à un rapport d'évaluation indépendant sur la technologie QSE devaient être exclues de certains rapports financiers.
Scope Technologies Corp (CSE: SCPE) (OTCQB: SCPCF) hat die erneute Einreichung seiner Jahres- und Zwischenmanagementdiskussion und -analyse nach einer Überprüfung durch die British Columbia Securities Commission angekündigt. Das Unternehmen hat seine MD&A-Dokumente geändert, um zusätzliche Offenlegungen zu folgenden Punkten aufzunehmen:
- Entwicklungsphasen und Kosten für die QSE- und GEM-Plattformen
- Details zur Akquisition der QSE-Plattform als Transaktion mit nahestehenden Personen
- Preisgrundlage für den Erwerb der QSE-Technologie und anschließende Wertminderung
- Geschäftsvereinbarungen von Farm Flight Inc. und wertgeminderte Darlehensvorschüsse
- Details zum Lizenzvertrag der GEM-Plattform
- Erweiterte Informationen zu Investorenbeziehungen, Marketing, F&E-Ausgaben und aktienbasierter Vergütung
- Verwendung der Erlöse aus früheren Fundraisings
Das Unternehmen stellte auch klar, dass Verweise auf einen unabhängigen Bewertungsbericht zur QSE-Technologie aus bestimmten Finanzberichten ausgeschlossen werden sollten.
- None.
- QSE Technology value impairment recorded
- Unable to collect loan repayments from Farm Flight Inc., resulting in financial loss
- Required to re-file financial documents due to regulatory review
- Multiple related party transactions identified requiring additional disclosure
Vancouver, British Columbia--(Newsfile Corp. - March 28, 2025) - Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope Technologies" or the "Company") announces that as a result of a review by the British Columbia Securities Commission, we are issuing the following press release to clarify our disclosing contained in the annual management discussion and analysis ("MD&A) for the financial year ended September 30, 2023 (the "Annual MD&A") and the interim MD&A for June 30, 2024 (the "Interim MD&A).
The Annual MD&A and Interim MD&A have been amended to include:
- The stage of development for each of the QSE Platform and the GEM Platform and anticipated costs required for further development of the respective platforms.
- A summary of the Company's acquisition of the technology that comprises the QSE Platform and the fact that the transaction is a related party transaction.
- A basis for the Company's determination of the purchase price of the QSE Technology.
- The impairment of the QSE Technology.
- A summary of the letter of intent and business cooperation agreement with Farm Flight, Inc.
- A summary of the loans advanced to Farm Flight Inc., the Company's inability to collect repayment of such advances and the subsequent impairment of such advances.
- A summary of the license agreement of the GEM Platform and a statement that it is a related party transaction of the Company.
- Additional information on the payments made for investor relations and marketing services, research and development expenses and share based compensation under the discussion of operations headings of the MD&As.
- In respect of the Interim MD&A, providing the information required for the three months ended June 30, 2024.
- Providing a summary of the Company's use of proceeds from previous public and/or private placement offerings.
The Company also wishes to clarify the Company's reference to obtaining an independent valuation report on the QSE technology in Note 6 of the audited annual financial statements for the year ended September 30, 2024 and related management discussion and analysis and the interim management discussion and analysis for the period ended December 31, 2024. The conclusion of the draft valuation report should be excluded from those financial reports.
The revised Annual MD&A and Interim MD&A have been filed under the Company's profile on SEDAR+ at www.sedarplus.ca.
About Scope Technologies Corp.
Headquartered in Vancouver, British Columbia, Scope Technologies Corp. is a pioneering technology company specializing in quantum security and machine learning. Through its flagship brands, QSE Group and GEM AI, Scope provides next-generation solutions in data security, quantum encryption, and neural networks, empowering businesses and individuals with secure, scalable technologies that drive growth and operational efficiency.
Contact Information:
James Young
CEO, Scope Technologies Corp.
Email: james@scopetech.ai
Phone: +1 604-416-1720
Website: www.scopetechnologies.io
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements that constitute forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "expects", "aim", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks and are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, those risks and assumptions described in the Company's annual management and discussion filed under the Company's profile on SEDAR at www.sedarplus.com. While Scope considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions, continued satisfaction of Canadian Securities Exchange requirements, product safety and recalls, regulatory compliance and risks associated with the Company's business. For more information on the risks, uncertainties and assumptions that could cause anticipated opportunities and actual results to differ materially, please refer to the risk factors set out in the Company's prospectus dated August 10, 2022, a copy of which is available under the Company's profile on SEDAR at www.sedarplus.com. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement.
The Canadian Securities Exchange has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246564