Company Update
VANCOUVER, BC – 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 report follows the company’s voluntary application for a management cease trade order (MCTO) on May 1, 2025, due to delays in completing its audited financial statements for the year ended December 31, 2024.
Background
The company attributed the delay to factors including late information from third parties and the recent appointment of a new Chief Financial Officer. The MCTO was granted by the British Columbia Securities Commission (BCSC) on the same day. As of the report date, NexOptic confirmed that there had been:
- No material change to the information in the MCTO notice that hasn’t been disclosed
- No failure to fulfill stated intentions regarding NP 12-203’s alternative information guidelines
- No other specified default under NP 12-203
- No undisclosed material information about the company
Current Status
The MCTO stipulated that the Annual Filings must be completed by June 30, 2025. NexOptic is working diligently with its auditors to finalize the audit of the Annual Financial Statements and now expects to meet the June 30 deadline. The company will issue another news release once the filings are completed.
About NexOptic
NexOptic Technology Corp. is an innovative imaging AI company based in Vancouver, Canada. It offers advanced AI solutions for imaging known as ALIIS™ (All Light Intelligent Imaging Solutions) and NexCompress. For more information, visit www.nexoptic.com.
Cautionary Statement
This default status report contains forward-looking information subject to known and unknown risks. Investors are cautioned not to place undue reliance on such information as actual results may differ materially from expectations. Factors that could cause such differences include the company’s ability to complete its audit and filings on time and compliance with NP 12-203.
