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Aurora Solar Technologies Inc
Symbol ACU
Shares Issued 222,194,076
Close 2026-07-30 C$ 0.01
Market Cap C$ 2,221,941
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Aurora Solar late to file fiscal 2026 results

2026-07-31 05:05 ET - News Release

Mr. Jake Bouma reports

AURORA SOLAR TECHNOLOGIES INC. ANNOUNCES APPLICATION FOR MANAGEMENT CEASE TRADE ORDER

Aurora Solar Technologies Inc. has been unable to file its annual financial statements, management's discussion and analysis, and the required certifications for the year ended March 31, 2026, on or before the prescribed filing deadline of July 29, 2026, as required by National Instrument 51-102 (Continuous Disclosure Obligations) and National Instrument 52-109 (Certification of Disclosure in Issuer's Annual and Interim Filings), respectively.

The annual filings have been delayed due to the complexity of the multijurisdictional consolidated audit and the additional time required to complete the remaining compilation and audit procedures. The remaining work includes the completion of subsidiary financial documents, receipt and review of third party confirmations, audit fieldwork, technical accounting review, and the auditor's final engagement quality review before the audit opinion can be issued.

The company and its external auditor expect to complete the audit and the related annual filings by Sept. 28, 2026.

As a result, the company filed an application to the B.C. Securities Commission to approve a temporary management cease trade order under National Policy 12-203 (Management Cease Trade Orders). The MCTO restricts trading in securities of the company by management of the company until such time as the annual filings have been filed with the company and the MCTO is no longer in effect. The MCTO does not affect the ability of shareholders to trade their securities, and the general investing public will continue to be able to trade in the company's common shares. However, the chief executive officer and chief financial officer will not be able to trade the common shares until such time that the annual filings have been filed, and all continuous disclosure requirements have been satisfied by the company and the MCTO has been revoked by the BCSC.

The company expects to file the annual filings by Sept. 28, 2026. The MCTO will be in effect until the annual filings are filed. The company confirms that it intends to satisfy the provisions of Section 4.4 of NP 12-203 and issue biweekly default status reports for so long as the company remains in default of the financial statement filing requirement. Such reports will disclose any material changes to the information in this release; all actions taken by the company to remedy the default; particulars of any failure by the company to fulfill these provisions; any subsequent defaults of the company requiring a default announcement; and any other material information concerns the affairs of the company not previously disclosed.

The company is not subject to any insolvency proceedings nor is there other material information concerning the affairs of the issuer that has not been generally disclosed.

About Aurora Solar Technologies Inc.

The company acquired and wholly owns BT Imaging Pty. Ltd., a leader in high-precision photoluminescence imaging and measurement solutions for the solar industry, as part of a clean technology strategy to scale. BT Imaging specializes in advanced machine vision, defect categorization, precision measurements and machine learning delivered through its Intelligent PL Solutions platform. With headquarters near Vancouver, Canada, the company has operations in Sydney, Australia, and Shanghai, China. Its products are installed worldwide by customers and partners in all major solar manufacturing markets. The company is a public company and traded on the TSX Venture Exchange, and is a two-time TSX Venture Exchange top-50 winner and was recognized in September, 2024, as one of the fastest-growing companies in British Columbia by Business in Vancouver.

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