03:39:29 EDT Mon 20 May 2024
Enter Symbol
or Name
USA
CA



Edge Total Intelligence Inc
Symbol CTRL
Shares Issued 28,465,000
Close 2024-04-30 C$ 0.63
Market Cap C$ 17,932,950
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Edge Total receives MCTO over late 2023 financials

2024-04-30 21:15 ET - News Release

Mr. Nick Brigman reports

EDGE TOTAL INTELLIGENCE INC. GRANTED MCTO

Further to Edge Total Intelligence Inc.'s news release on April 26, 2024, the British Columbia Securities Commission, the company's principal regulator, has accepted the company's application for, and has granted, a management cease trade order. As previously announced, the company applied for the MCTO due to a delay in the filing of the Company's annual financial statements and accompanying management's discussion and analysis for the fiscal year ended December 31, 2023 (the "Annual Filings"), which were due on April 29, 2024.

The MCTO restricts the Chief Executive Officer and Chief Financial Officer from all trading in securities of the Company until such time as the Annual Filings have been filed by the Company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company.

The Company and its auditors continue to work diligently toward completing the Annual Filings as soon as possible. The Company is not aware of any specific accounting or audit concerns at this time. The Company expects that it will be in a position to file the Annual Filings on or before June 28, 2024.

Until the Annual Filings are filed, the Company intends to comply with the provisions of the alternative information guidelines as set out in National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") for as long as it remains in default, including the issuance of bi-weekly default status reports in the form of a news release. The Company confirms that since the date of the Announcement: (i) there has been no material change to the information set out in the Announcement that has not been generally disclosed; (ii) there has not been any other specified default by the Company under NP 12-203; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About edgeTI

edgeTI helps customers sustain situational awareness and accelerate action with its real-time digital operations software, edgeCore that unites multiple software applicates and data sources into one immersive experience called a Digital Twin. Global enterprises, service providers, and governments are more profitable when insight and action are united to deliver fluid journeys via the platform's low-code development capability and composable operations. With edgeCore, customers can improve their margins and agility by rapidly transforming siloed systems and data across continuously evolving situations in business, technology, and cross- domain operations - helping them achieve the impossible.

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