- Hapbee Technologies (HAPBF, Financial) partners with Liberty Alliance to introduce wellness tech to military and veterans.
- The company faces delays in filing 2024 financial statements due to auditor transition issues.
- A Management Cease Trade Order (MCTO) restricts trading by the CEO and CFO until the financials are filed.
Hapbee Technologies, Inc. (OTCQB: HAPBF), a leader in the wearable wellness technology sector, has formed a strategic alliance with Liberty Alliance, a veteran-owned defense innovation company. This partnership aims to globally distribute Hapbee's ultra-low radiofrequency energy (ulRFE®) devices to military personnel, special operations forces, and veterans. The devices are designed to help users achieve mental states such as relaxation, focus, and sleep without substances, and will be deployed via Liberty Alliance’s established defense channels.
In parallel developments, Hapbee has announced a delay in filing its 2024 financial statements due to complications arising from a transition to a new auditor. The company's delay led to the issuance of a Management Cease Trade Order (MCTO) on May 1st, 2025, which limits trading by the company's CEO and CFO in Hapbee's securities. Despite these challenges, Hapbee expects to complete and file its financial statements by June 30, 2025.
Both Hapbee and Liberty Alliance are committed to leveraging this collaboration to enhance the performance and well-being of military personnel and veterans. The partnership seeks to extend outreach to veteran support groups, ensuring access to tools that promote mental health and resilience as service members transition to civilian life.
Hapbee is diligently working with its new auditor to resolve the delays in its financial reporting. The company has assured stakeholders that it will continue to provide updates in compliance with regulatory guidelines until the issue is resolved.
