on Nexera Energy Inc. (isin : CA65344H1001)
Nexera Energy Inc. Updates on Delayed Filing and Management Cease Trade Order
Nexera Energy Inc. (TSX Venture: NGY; OTC PINK: EMBYF) has provided a bi-weekly update on the delay in filing its annual financial statements and related documents for the year ending March 31, 2024. The delay was initially announced on July 16, 2024, as the company cited specific reasons for not meeting the prescribed deadline.
The Alberta Securities Commission has imposed a management cease trade order (MCTO), restricting trading by Nexera's CEO and CFO until the filings are completed. However, shareholders who are not insiders remain unaffected by this order.
Nexera's management is working to ensure the filings are completed by September 13, 2024. The company assures that there have been no material changes or additional defaults since the Default Announcement, and there are no ongoing insolvency proceedings.
The company will continue to issue bi-weekly status updates until the filings are complete. The next update is expected in two weeks.
R. P.
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