Gratomic Issues Initial Default Status Report

Gratomic Inc. has released its first Default Status Report, adhering to the National Policy 12-203 regarding Management Cease Trade Orders. The company announced a delay in filing its Annual Audited Financial Statements and related Management Discussion & Analysis for 2024, originally due April 30, 2025.

An application was previously submitted for a Management Cease Trade Order to affect only certain executives instead of a company-wide halt, but an error led to re-filing on April 24, 2025. New financial management is being recruited to work with auditors, aiming to file necessary documents by June 30, 2025.

Until the filings are complete, Gratomic will issue bi-weekly updates. The Ontario Securities Commission may enforce a full cease trade if deadlines aren't met. No significant changes or defaults have occurred since the initial notice.