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Tenet Announces Partial Revocation of Cease Trade Order and Proposed Financing

Tenet Secures Survival Financing Amidst Regulatory Overhang and Collapsing Revenue

By The Northwire Desk — AI Analysis May 27, 2026 · 16:39 PKK · 0.025 Tenet Fintech Group Inc.

Executive Summary

Regulatory Relief: The Ontario Securities Commission (OSC) issued a Partial Revocation Order on May 25, 2026, partially revoking the failure-to-file cease trade order (FFCTO).
Financing Approval: This regulatory relief enables Tenet to proceed with a previously announced private placement.
Terms of Placement: The company intends to sell up to 55.2 million common shares at $0.05 per share for aggregate gross proceeds of up to $2.76 million.
Restrictions: All securities issued will remain subject to the FFCTO until fully revoked, and investors must acknowledge this risk. The Partial Revocation Order terminates on July 25, 2026, or upon completion of the placement.
Context: This follows a Feb 3, 2026 announcement where the company applied for partial revocation to allow financing while under regulatory review due to delayed filings from May 2025.

Material Impact

Expected Progression: The news confirms the execution of the financing plan announced on February 3, 2026. It is not unexpected market-moving information but rather the closing of a known application process.
Financial Health Context: Despite securing capital, the company reported FY 2024 revenue of C$2.84M (down from C$42.08M in 2023) and a net loss of C$59.26M driven by a C$32.39M credit-loss provision.
Dilution Risk: The financing raises only $2.76 million against a backdrop of negative operating cash flow (e.g., -$5.77M in Q3 2025). This indicates the capital is insufficient to fund long-term growth and merely extends operations, diluting existing shareholders significantly.
Regulatory Status: Trading has not been fully reinstated; only a partial revocation was granted for financing purposes. Full trading reinstatement requires full revocation approval, which remains pending.
Valuation Disconnect: The private placement price of $0.05 is higher than the historical trading price of $0.03 provided in the data, suggesting either a lack of liquidity at the lower price or desperation to raise capital quickly despite regulatory constraints.

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Company Overview

Company Name: Tenet Fintech Group Inc.
Flagship Project: Cubeler® Business Development Platform.
Business Model: Aims to provide networking, insights, and financing services for SMEs across North America and China. Includes modules for Networking, Insights, Financing, and Advertising.
Development Status: The platform has been undergoing enhancements (AI-powered data standardization, redesigned website), but revenue generation remains minimal compared to previous years.
Subsidiaries: Holds a 51% equity stake in ASFC subsidiary; established Cubeler Inc. (Delaware) for US operations.

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