- Generative AI Solutions Corp. (AICOF, Financial) delays filing annual financial statements until June 30, 2025.
- A Management Cease Trade Order (MCTO) is issued, restricting CEO and CFO from trading.
- Non-insider shareholders retain the ability to trade shares on the Canadian Securities Exchange.
Generative AI Solutions Corp. (AICOF) has announced a delay in submitting its audited annual financial statements for the year ended January 31, 2025. The delay is a result of an ongoing quality review by the external auditor, primarily focusing on audit procedures related to the accounting treatment of company acquisitions.
The British Columbia Securities Commission has issued a Management Cease Trade Order (MCTO) that prevents the CEO and CFO from trading the company's securities until the required filings are complete. The company anticipates filing the necessary documents by June 30, 2025. Importantly, this order does not impact the trading abilities of non-insider shareholders, and AICOF shares will continue to trade on the Canadian Securities Exchange.
GenAI has assured stakeholders that there are no undisclosed material business developments and the company is not undergoing any insolvency proceedings. To maintain transparency, the company commits to releasing bi-weekly default status reports to update on any changes until the filing is completed.
