Mr. Thomas English reports
TRENCHANT TECHNOLOGIES CAPITAL CORP. ANNOUNCES DELAY OF ANNUAL FILINGS AND APPLICATION FOR MCTO APPLICATION
Trenchant Technologies Capital Corp. will delay the filing of its audited annual financial statements for the year ended March 31, 2026, the related management's discussion and analysis, and related chief executive officer and chief financial officer certificates beyond the July 29, 2026, filing deadline.
The delay is resulting from unresolved matters relating to a material investment of the company and the receipt of information required to complete certain audit procedures. Given the materiality of these matters to the company's financial statements, additional time is required to complete the audit and finalize the required filings.
The company has applied to the B.C. Securities Commission, as principal regulator for the company, for a temporary management cease trade order under National Policy 12-203 (Management Cease Trade Orders). The MCTO restricts trading in securities of the company, whether direct or indirect, only by the chief executive officer and chief financial officer. There is no guarantee that an MCTO will be granted.
If an MCTO is granted, the company's senior officers and other insiders will not be able to trade the company's securities while the MCTO is in effect, and the company will be required to comply with the provisions of the alternative information guidelines as set out in NP 12-203 for so long as the MCTO remains in effect, including the issuance of biweekly default status reports by way of press releases. The company is not currently subject to any insolvency proceedings. If the company provides any material information to any of its shareholders during the period in which the MCTO is in effect, the company will also be required to file a material change report under its profile on SEDAR+ containing such information.
If an MCTO is granted but the company is unable to file the required filings and related certifications prior to the expiry of the MCTO, it is anticipated that the BCSC will issue a general failure-to-file cease trade order prohibiting the trading by any person of any securities of the company, including trades in the company's common shares made through the Canadian Securities Exchange, which would take effect shortly after the expiry of the MCTO and would remain in place until such time as the required filings have been filed.
The company continues to work closely with its audit firm to advance the audit process efficiently, with the company committing additional internal resources to support timely completion. The company remains fully engaged and is prioritizing all audit-related requests. The company will make further announcements with respect to the status of the required filings as and when appropriate.
About Trenchant Technologies Capital Corp.
Trenchant Technologies is a forward-thinking investment issuer focused on supporting transformative ventures in artificial intelligence, quantum computing and next-generation cybersecurity poised to reshape legacy industries.
We seek Safe Harbor.
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