XTM INC - XTMIF STOCK NEWS

XTM Inc. (XTMIF) announces a delay in filing its annual audited financial statements and related documents for the year ended December 31, 2023. The Ontario Securities Commission (OSC) has granted a Management Cease Trade Order (MCTO) under National Policy 12-203, impacting the trading activities of XTM's CEO and CFO until the required documents are filed. Other shareholders are not affected. The delay is attributed to audit procedures and a quality review for third-party service organizations. XTM is collaborating with auditors and aims to file the documents promptly. The company will issue bi-weekly status reports until compliance is achieved, detailing any material changes and actions taken to resolve the default.

XTM provides an update on its management cease trade order (MCTO), issued by the Ontario Securities Commission (OSC) under National Policy 12-203.

The MCTO restricts CEO Marilyn Schaffer and CFO Swapan Kakuman from trading in XTM securities until the company files its annual audited financial statements, management's discussion, and related certifications for the year ended December 31, 2023.

Other shareholders are not impacted. The delay in filing is attributed to ongoing audit procedures and a quality review relying on third-party service organizations.

XTM is working with auditors to file the documents as soon as possible and plans to issue bi-weekly status reports until compliance is achieved.

XTM Inc. (XTMIF) provides an update on its management cease trade order (MCTO) issued by the Ontario Securities Commission (OSC) under National Policy 12-203. The MCTO restricts the CEO and CFO from trading XTM securities until the company files its audited financial statements, management's discussion, analysis, and related certifications for the year ending December 31, 2023. Other shareholders remain unaffected. XTM attributes the delay to audit procedures and quality reviews related to third-party service organizations. The company commits to issuing bi-weekly status reports until the required documents are filed.

XTM Inc. announced the receipt of a Management Cease Trade Order (MCTO) from the Ontario Securities Commission due to a delay in filing its annual financial statements. The MCTO restricts trading by management until the required filings are complete. The company expects to complete the audit by May 31, 2024, and will issue bi-weekly default status reports until then.

XTM Inc. announced a delay in its annual filings due to audit procedures and quality review issues, pushing back the deadline for filing its financial statements for the year ended December 31, 2023. The delay is attributed to the need for supporting third-party service organizations. The company reassures investors that there have been no significant business developments or undisclosed material information. XTM has requested a management cease trade order to allow trading to continue while working to complete the audit and file the necessary statements by May 31, 2024.

XTM, Inc. launches its largest commercial Earned Wage Access program to date, offering AnyDay™ solution for a Fortune 15 Employer. XTM aims to address the financial challenges faced by workers living paycheck to paycheck by providing on-demand pay solutions. The company's recent financing enables it to support the growing demand for Earned Wage Access globally.

XTM Inc. completes oversubscribed private placement offering of secured convertible debentures, raising US$11,028,468. The debentures bear 12.0% interest and are convertible into units at US$0.11 per unit. The offering closed in three tranches, with an increased maximum size to US$12 million. Proceeds will be used for general corporate purposes and to extinguish an obligation of US$1,058,342.

XTM Inc. has closed the initial tranche of its non-brokered private placement offering, raising US$3,842,545 (C$5,201,884) from existing shareholders. The offering consists of secured convertible debentures with a 12% per annum interest rate, due 24 months after issuance. Each debenture is convertible into units of the company at a price of US$0.11 per unit. The company also paid finder's fees and issued share purchase warrants to the finders. The net proceeds will be used for general corporate and working capital purposes.

XTM, Inc. has entered into a USD$3,000,000 licensing agreement to provide Earned Wage Access processing for a U.S. entity. The 5-year agreement allows the Customer to use XTM's Processing Platform for processing and/or operate it independently. XTM will provide consulting and professional services related to the Processing Platform upon the Customer's request. The company will also continue to develop, update, and make improvements to the Processing Platform.