23:37:35 EDT Fri 24 Apr 2026
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or Name
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Geekco Technologies Corp
Symbol GKO
Shares Issued 112,490,373
Close 2026-04-23 C$ 0.05
Market Cap C$ 5,624,519
Recent Sedar+ Documents

Geekco recognizes $1.14M impairment lost from TellMe

2026-04-24 17:21 ET - News Release

Mr. Mario Beaulieu reports

GEEKCO ANNOUNCES THE FILING OF RESTATED FINANCIAL STATEMENTS AND MD&A'S

As a result of a continuous disclosure review of the Autorite des marches financiers, Geekco Technologies Corp. will file, on or before April 29, 2026, restated (i) audited consolidated financial statements of the corporation for the fiscal year ended Dec. 31, 2024, to record an impairment of an intangible asset with finite life during the fiscal year ended Dec. 31, 2024; and (ii) the corresponding management's discussion and analysis to analyze and discuss the impact of the impairment related to the intangible asset and the effects of this change on the company's financial position.

Following the impairment test, the corporation recognized an impairment loss of $1,142,034 with respect to TellMe application for the year ended Dec. 31, 2024, resulting to a value in use of $654,341.

The effect of the above restatements will impact the sum of the non-current assets of the statement of financial position but not the corporation's continuing operations, the overall cash position, or the net cash flows from operating, investment or financing activities on the statement of cash flows. Further details will be provided in the notes to the financial statements once refiled. The restated documents will be available under the corporation's profile on SEDAR+.

About Geekco Technologies Corp.

Geekco is at the forefront of innovative technology solutions that are reshaping modern marketing while driving economic activity across cities and neighbourhoods by connecting consumers and businesses like never before. Its TellMe application allows users to discover nearby businesses in real time through an interactive map, access promotions and exclusive offers, and explore employment opportunities. For businesses, it provides a powerful platform to boost visibility, drive foot traffic, gather actionable data and measurable insights, and recruit future employees -- all within a single, integrated application.

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