Montfort Capital Corp. Announces Resignations from Board of Directors

• The most recent announcement on April 27, 2026, reports the resignation of two directors, Janice Lederman and Paul Geyer, effective April 26, 2026.
• Trading was halted on April 24, 2026, following demands issued by Cortland Credit Lending Corporation under credit facilities related to Pivot Financial I Limited Partnership.
• Montfort Capital acts as a guarantor for these facilities alongside Langhaus Financial Corporation.
• Following the trading halt, parties reached an agreement to retract the demands temporarily while working toward an alternative solution over the weekend of April 25-26, 2026.
• The company does not intend to appoint replacements for the resigned directors at this time.

• Creditor Default Risk: The issuance of formal demands by a senior lender (Cortland Credit Lending Corporation) indicates a potential breach of covenants or liquidity crisis. While retracted temporarily, the underlying debt obligation remains unresolved.
• Governance Deterioration: The resignation of two directors without immediate replacements suggests internal discord or lack of confidence in management's ability to navigate the current financial stress. This follows previous departures (CFO Sam Hall in November 2025).
• Trading Halt Implications: A trading halt is a severe regulatory signal often preceding delisting or restructuring announcements. It prevents investors from exiting positions, increasing liquidity risk for shareholders.
• Historical Context: Previous earnings (March 30, 2026) showed positive Adjusted EBITDA but continued net losses in continuing operations. The pivot sale and restructuring efforts mentioned previously have not prevented this escalation of creditor pressure.
• Conclusion: This news is Material - Negative because it introduces existential risk to the company's solvency and governance stability, overriding previous positive earnings signals regarding cost-cutting.

• Company: Montfort Capital Corp. is a financial services company involved in credit lending and asset management.
• Flagship Project/Segment: The Pivot Group (now sold/assets transferred) was a key revenue driver, recently divested to Pivot Endgame Corp. in November 2025.
• Development: The company has been undergoing restructuring since 2024, aiming to reduce overhead and focus on cash-flow generation. Key assets include loans receivable across Langhaus, Nuvo, and Pivot divisions (though Pivot is being divested).
• Recent Activity: Sale of Brightpath (discontinued operations) generated a one-time gain in FY 2025.