Dye & Durham's failure-to-file CTO revoked

Executive Summary

• Dye & Durham Ltd. had its failure-to-file cease trade order (FFCTO) revoked by the Ontario Securities Commission (OSC) on Feb. 6, 2026, following the late filing of its annual audited consolidated financial statements for the year ended June 30, 2025, and interim statements for the three months ended Sept. 30, 2025.
• Trading of the company's common shares on the Toronto Stock Exchange is expected to resume on Monday, Feb. 9, 2026.
• The company is launching an excess proceeds offer on Feb. 9, 2026, using remaining net proceeds from the divestiture of Credas Technologies Ltd., in accordance with obligations under its 8.625% senior secured notes due 2029.

Key Details

• Regulatory Action: The OSC revoked the FFCTO issued on Dec. 15, 2025.
• Reason for FFCTO: Delayed filing of:
  • Annual audited consolidated financial statements for the year ended June 30, 2025.
  • Condensed consolidated interim financial statements for the three months ended Sept. 30, 2025.
  • Corresponding Management’s Discussion and Analyses (MD&A).
  • CEO and CFO certificates in accordance with National Instrument 51-102.
• Compliance Status: Required filings have been submitted to SEDAR+. The company is now in good standing under its indebtedness documents and compliant with all reporting covenants under its debt instruments.
• Trading Resumption: Common shares are expected to resume trading on the Toronto Stock Exchange on Feb. 9, 2026.
• Excess Proceeds Offer:
  • Launch Date: Feb. 9, 2026.
  • Source of Funds: Remaining net proceeds from the divestiture of Credas Technologies Ltd.
  • Obligation: Required by the indenture for the 8.625% senior secured notes due 2029.

Notable Quotes

• None provided in the text.