FuelPositive Corporation Announces Temporary Delay in Filing Annual Financial Statements and Voluntary Application for Management Cease Trade Order

Executive Summary

• FuelPositive Corp. will miss the Jan 28, 2026 deadline to file its audited FY‑2025 financial statements and MD&A, now expecting filing by ~Mar 15, 2026.
• The company has voluntarily applied for a Management Cease Trade Order (MCTO) with the Ontario Securities Commission, restricting trading by certain insiders until the default is cured.
• FuelPositive asserts it has sufficient resources to complete the audit, is not insolvent, and continues normal operations; bi‑weekly status updates will be issued.

Key Details

• Filing Default: Audited annual financial statements, MD&A, and related certifications for FY ended 30 Sep 2025 will not be filed by the prescribed deadline of 28 Jan 2026.
• New Expected Filing Date: Approximately 15 Mar 2026, subject to completion of year‑end audit procedures and financing activities.
• MCTO Application: Voluntary application under National Policy 12‑203; will restrict trading in the company’s securities by certain management members and insiders while allowing public trading to continue.
• Reason for Delay: Timing of year‑end audit work and completion of pending financing activities; no unresolved accounting issues, auditor disagreements, or disclosure deficiencies.
• Company’s Position: Sufficient financial and human resources to complete the audit; not subject to insolvency proceedings; no material undisclosed information known.
• Compliance Commitment: Continues to meet all other continuous‑disclosure obligations; will issue bi‑weekly default status reports via news releases and post them on SEDAR+.
• Impact Statement: The delay and MCTO are disclosed to maintain transparency with shareholders and regulators; no operational shutdowns or interruptions reported.

Notable Quotes

• “FuelPositive confirms that it has sufficient financial and human resources to complete the audit and address the default in a timely manner.” – Company statement

Materiality Assessment: Material – Negative (the filing delay and regulatory restriction could affect investor perception and share liquidity).