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 mandated by National Policy 12-203 – Management Cease Trade Orders (NP 12-203). The report follows the company’s voluntary application for a management cease trade order (MCTO) on May 1, 2025, due to delays in filing its audited financial statements for the year ended December 31, 2024.
The company had initially faced challenges in completing the Annual Filings by the April 30, 2025 deadline due to delays in receiving information from third parties and the recent appointment of a new Chief Financial Officer. The MCTO, granted by the British Columbia Securities Commission (BCSC) on May 1, 2025, stipulated that the Annual Filings must be completed by June 30, 2025.
As of the date of this report, NexOptic confirms that:
- There has been no material change to the information disclosed in the MCTO Notice that hasn’t been generally disclosed.
- The company has fulfilled its stated intentions regarding the alternative information guidelines set out in NP 12-203.
- There have been no other specified defaults under NP 12-203.
- No other material information concerning the company’s affairs remains undisclosed.
NexOptic is working diligently with its auditors to complete the audit of the Annual Financial Statements and now expects to file the Annual Filings by June 30, 2025. The company will issue a news release once the filings are complete.
About NexOptic Technology Corp.
NexOptic is an innovative imaging AI company based in Vancouver, Canada, offering patented and patent-pending AI solutions for imaging known as ALIIS™ (All Light Intelligent Imaging Solutions) and NexCompress. For more information, visit the company’s website at www.nexoptic.com.
Cautionary Statement Regarding Forward-Looking Information
This default status report includes forward-looking information as defined under Canadian securities legislation, including statements about the company’s plans and expectations regarding future business activities. Forward-looking information is identified by words like “may,” “would,” “could,” “should,” “will,” and similar expressions. Investors are cautioned that such information is not based on historical fact but reflects management’s expectations, which are subject to known and unknown risks and uncertainties.
Among the key factors that could cause actual results to differ materially from those projected are the company’s ability to complete its audit and file the Annual Filings as anticipated, 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. The company disclaims any obligation 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.
