Ndatalyze adopts semi-annual financial reporting trial

Executive Summary

• Ndatalyze Corp. announces its voluntary adoption of the Canadian Securities Administrators' (CSA) Semi-Annual Reporting (SAR) pilot program, aiming to reduce administrative burdens by moving from quarterly to semi-annual financial reporting.
• The company provides a positive update on its potential Reverse Takeover (RTO) with Prism Diversified Ltd., stating that pre-RTO financing is proceeding and a definitive agreement is expected in the near future.
• An update on the Epitome sports performance assessment project indicates the completion of a commercialization report, incorporating feedback from major hockey academies to define target markets, pricing structures, and sales cycles.

Key Details

• Semi-Annual Reporting (SAR) Adoption:
  • Ndatalyze is participating in the CSA pilot program via Coordinated Blanket Order 51-933.
  • The move is intended to reduce administrative and financial burdens, allowing management to focus on core technology-driven mental health solutions.
  • Fiscal Year End: February 28.
  • Exemptions: The company is exempt from filing interim financial reports and Management’s Discussion & Analysis (MD&A) for the first and third quarters.
  • Specific Filing Schedule:
    • No interim report for Q1 ending May 31, 2026.
    • Audited annual financial statements remain due within 120 days of February 28.
    • Six-month interim financial reports remain due within 60 days of August 31.
  • Continued Disclosure: The company commits to reporting all material changes and significant developments as required under National Instrument 51-102.
  • Eligibility: Confirmed as a venture issuer with annual revenues under $10 million and a clean 12-month continuous disclosure record.
• RTO Update (Prism Diversified Ltd.):
  • The RTO target, Prism Diversified Ltd., has confirmed that pre-RTO financing is proceeding.
  • Prism expects to be in a position to execute a definitive agreement in the near future.
  • Ndatalyze management expresses confidence that the RTO will proceed based on this report.
• Epitome Sports Performance Assessment Project:
  • The commercialization report is now complete.
  • Stakeholder Input: Feedback was received from executive levels at three hockey schools/academies:
    • ALPS Hockey Academy (Italy)
    • MacLauchlan College (Canada)
    • Okanagan Hockey (Canada)
  • Strategic Outcomes: The feedback clarified:
    • Priority order of target markets.
    • Classification of ideal penetration targets (scouts, coaches, JV partners).
    • Required pricing and pricing structures.
    • Seasonality of the sales cycle.
  • Next Steps: The company is currently considering commercialization options and will provide further updates as progress is made.