Seegnal to miss April 30 financial filing deadline

Executive Summary

• Seegnal Inc. has announced a delay in filing its audited annual consolidated financial statements for the year ended December 31, 2025, missing the April 30, 2026 deadline.
• The delay is attributed to the time required by the newly engaged external auditor to complete final internal procedures before issuing an audit opinion.
• The company has applied for a Management Cease Trade Order (MCTO) from the Alberta, British Columbia, and Ontario Securities Commissions.

Key Details

• Filing Delay: The company failed to file its audited annual consolidated financial statements, Management Discussion and Analysis (MD&A), and CEO/CFO certifications by the prescribed deadline of April 30, 2026.
• Reason for Delay: The delay is due to the timing required by the company's recently engaged external auditor to complete final internal procedures prior to issuing its audit opinion.
• Regulatory Action: Seegnal has applied for a Management Cease Trade Order (MCTO) in accordance with National Policy 12-203.
• MCTO Restrictions:
  • If issued, the MCTO will prohibit trading in the company's securities by the CEO and CFO for the duration of the order.
  • The company will be prohibited from directly or indirectly issuing securities to or acquiring securities from an insider or employee, except in accordance with legally binding obligations.
  • The general investing public will continue to be able to trade common shares listed on the TSX Venture Exchange.
• Compliance: The company confirms it will comply with alternative information guidelines set forth in NP 12-203 while in default.
• Insolvency Status: The company is not subject to any insolvency proceedings.
• Duration: The MCTO will remain in effect until the company files the annual filings or the order is revoked or varied.

Notable Quotes

• "The delay is related to the timing required by the company's recently engaged external auditor to complete final internal procedures prior to issuing its audit opinion."