06:52:40 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Hampton Financial Corp
Symbol HFC
Shares Issued 15,410,370
Close 2022-09-21 C$ 0.52
Market Cap C$ 8,013,392
Recent Sedar Documents

Hampton Financial restates Q3 2022 results

2022-09-30 17:11 ET - News Release

Mr. Peter Deeb reports

HAMPTON FINANCIAL CORPORATION ANNOUNCES FILING OF INTERIM FINANCIAL STATEMENTS TO RESTATE Q3 2021 RESULTS

Hampton Financial Corp. is refiling its unaudited interim financial statements for the three and nine months ended May 31, 2022, and 2021, together with the corresponding management discussion and analysis, to reflect certain restated results for the three and nine months ended May 31, 2021, which are also included as comparative numbers in the May 31, 2022, interim financial statements previously filed.

During the course of a review of the May 31, 2022, financial statements, it was determined by management of the corporation, and agreed to by the corporation's auditors, that it was necessary to revise certain comparative results for the three and nine months ended May 31, 2021. These revisions, which relate to valuation of marketable securities and warrants, and the calculation of share-based compensation, result in the reallocation of net income between successive quarters of the fiscal year ended Aug. 31, 2021. Hampton would like to emphasize that these revisions affect only profit and loss, and respective cash flow allocations between successive quarters and do not involve any balance sheet items previously reported for the interim period ended May 31, 2021. Moreover, previously reported numbers for revenues, expenses and net income, as well as net cash flows, for the fiscal year ended Aug. 31, 2021, have remained unchanged. There have been no changes to any of the previously reported numbers related to fiscal year 2022. Consequently, the corporation is refiling the interim financial statements for the three and nine months ended May 31, 2022, and 2021, together with the corresponding MD&A, to reflect the restated results for the three and nine months ended May 31, 2021.

About Hampton Financial Corp.

Hampton Financial is a unique private equity firm that seeks to build shareholder value through long-term strategic investments. Through its wholly owned subsidiary, Hampton Securities Ltd. (HSL), Hampton is actively engaged in family office, wealth management, institutional services and capital markets activities. HSL is a full-service investment dealer, regulated by IIROC (Investment Industry Regulatory Organization of Canada), and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories, Ontario and Quebec. In addition, the company provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad.

© 2024 Canjex Publishing Ltd. All rights reserved.