NexOptic Technology Corp. Provides Bi-Weekly Default Status Report
VANCOUVER, BC / ACCESS Newswire / May 30, 2025 / NexOptic Technology Corp. (TSXV:NXO) has released its bi-weekly default status report as required under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).
The Company had applied for and was granted a management cease trade order (MCTO) by the British Columbia Securities Commission (BCSC) on May 1, 2025, due to its inability to file audited financial statements, CEO and CFO certifications, and management discussion & analysis for the year ended December 31, 2024, by the April 30, 2025 deadline. The delay was attributed to factors including late information from third parties and the recent appointment of a new Chief Financial Officer.
Since the MCTO Notice on May 1, 2025, NexOptic confirms that:
- There has been no material change not generally disclosed;
- The Company has fulfilled its intentions regarding NP 12-203’s alternative information guidelines;
- There have been no other specified defaults under NP 12-203;
- No other material information remains undisclosed.
The MCTO stipulates that the Annual Filings must be completed by June 30, 2025. NexOptic is working diligently with its auditors to meet this deadline and intends to continue satisfying NP 12-203’s alternative information guidelines until the filings are complete.
About NexOptic Technology Corp.
NexOptic is an innovative imaging AI company based in Vancouver, Canada, offering patented and pending AI solutions for imaging known as ALIIS™ (All Light Intelligent Imaging Solutions) and NexCompress. For more information, visit www.nexoptic.com.
Cautionary Statement Regarding Forward-Looking Information
This release includes forward-looking information regarding the Company’s plans and expectations. Investors are cautioned that such information involves risks and uncertainties, and actual results may differ materially from those projected. Factors that could cause such differences include the Company’s ability to complete its audit and file the Annual Filings on time and compliance with NP 12-203.
Readers are advised not to place undue reliance on forward-looking information, which speaks only as of the date of this release. NexOptic disclaims any intention to update or revise such information except as required by law.
On Behalf of the Board of Directors, Paul McKenzie, Chief Executive Officer Tel: +1 (604) 669-7330 ext. 1 Email: admin@nexoptic.com
SOURCE: NexOptic Technology Corp.
