- Stardust Solar Energy Inc. (SUN) is under a Management Cease Trade Order (MCTO) affecting only the CEO and CFO.
- The MCTO, granted on May 1, 2025, will remain until the company files its 2024 annual financial statements.
- The company maintains transparency by issuing bi-weekly updates regarding the filing status.
Stardust Solar Energy Inc. (SUN) has provided an update on its Management Cease Trade Order (MCTO) status. The British Columbia Securities Commission issued the MCTO on May 1, 2025, prohibiting the company's CEO and CFO from trading company securities. The restriction will be active until Stardust Solar files its audited annual financial statements for the year ending December 31, 2024, along with the management's discussion and analysis and the related certifications.
Importantly, this MCTO does not impact other shareholders' ability to trade their securities. The company’s Board of Directors and management are actively working to complete and file the necessary documents as swiftly as possible. Stardust Solar has committed to maintaining compliance with National Policy 12-203 by releasing bi-weekly status updates to keep shareholders informed.
As a leading provider of residential solar energy solutions, Stardust Solar continues to focus on its core business activities, while ensuring regulatory compliance. The company supports its franchisees with various services and products, including solar PV equipment, energy storage, and electric vehicle supply equipment. Despite the delay in filing financial statements, Stardust Solar affirms no new material information affecting the company’s affairs has emerged since its last update on May 29, 2025.
