- NexOptic Technology Corp. (NXOPF, Financial) updates on its default status report for delayed 2024 financial statement filings.
- The company anticipates completing its filings by June 30, 2025, after receiving an MCTO.
- No new material changes or further defaults reported since the MCTO notice, as confirmed by the company.
NexOptic Technology Corp. (NXOPF) has released an update on its default status related to the delay in filing its 2024 annual financial statements. The company had previously received a Management Cease Trade Order (MCTO) from the British Columbia Securities Commission on May 1, 2025, due to failing to meet the filing deadline of April 30, 2025.
The delay was primarily due to complications in obtaining necessary third-party information and the recent transition in their Chief Financial Officer position. NexOptic emphasizes that there have been no material changes or additional defaults since the issuance of the MCTO notice.
The company is actively collaborating with its auditors to finalize the audit of the annual financial statements and aims to complete all necessary filings by June 30, 2025. NexOptic also assures compliance with the alternative information guidelines under the National Policy 12-203 throughout this period and plans to issue a news release upon completion of the filings.
Headquartered in Vancouver, NexOptic Technology Corp. specializes in innovative imaging AI solutions, offering products such as ALIISâ„¢ (All Light Intelligent Imaging Solutions) and NexCompress.
