AISIX Solutions Inc. Provides Status Report of Annual Financial Statements and MD&A
Rhea-AI Summary
AISIX Solutions (TSXV:AISX, OTC:AISXF) issued a bi-weekly update on delayed financial filings under NP 12-203.
The 2025 audited annual statements and related MD&A and certificates, and Q1 2026 interim filings, remain outstanding. A management cease trade order limits CEO/CFO trading only. AISIX expects to file the annuals by June 29, 2026 and the interims within five business days thereafter, citing audit procedural timing. The company reports no additional specified defaults or undisclosed material information since its prior default announcement.
Positive
- Company targets filing 2025 annual statements by June 29, 2026
- Interim Q1 2026 filings expected within five business days after annuals
- Management cease trade order applies only to CEO and CFO, not other shareholders
- Company reports no additional specified defaults under NP 12-203
- Company states there is no undisclosed material information at this time
Negative
- 2025 annual financial statements missed April 30, 2026 filing deadline
- Q1 2026 interim filings missed June 1, 2026 reporting deadline
- Ongoing management cease trade order restricting CEO and CFO trading
- Company remains in default until annual and interim filings are completed
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2026) - AISIX Solutions Inc. (TSXV: AISX) ("AISIX" or the "Company") provides this bi-weekly default status report in accordance with the alternative information guidelines set out in National Policy 12-203 - Management Cease Trade Orders ("NP 12-203").
The Company previously announced on May 1, 2026 that the British Columbia Securities Commission had issued a management cease trade order ("MCTO") further to the Company's application to the applicable securities regulatory authorities in Canada on the basis that the Company's audited annual financial statements, management's discussion and analysis and the applicable CEO and CFO certificates for the financial year ended December 31, 2025 (collectively, the "Annual Filings") would not be filed by the applicable filing deadline of April 30, 2026 (the "Default Announcement"). The MCTO restricts the Chief Executive Officer and Chief Financial Officer from all trading in securities of the Company until such time as the Annual Filings have been filed by the Company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company.
Preparation of the Annual Filings has also impacted the timely completion of the Company's interim financial statements, accompanying management's discussion and analysis and the applicable CEO and CFO certificates for the three months ended March 31, 2026 (collectively, the "Interim Filings"). The completion of the Interim Filings is dependent on the results contained in the Annual Filings, and, accordingly, the Company could not file the Interim Filings by the reporting deadline of June 1, 2026.
The Company and its auditor continue to work diligently toward completing the Annual Filings and the Interim Filings as soon as possible, and continues to expect that it will be in a position to file the Annual Filings on or before June 29, 2026 and the Interim Filings within five business days of the Annual Filings. The anticipated delay is solely related to audit procedural timing and the audit has since commenced.
The Company confirms that since the date of the Default Announcement: (i) other than as described above, there has been no material change to the information set out in the Default Announcement that has not been generally disclosed; (ii) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed.
The Company confirms it will continue to satisfy the provisions of the alternative information guidelines set out in NP 12-203 so long as it remains in default of the requirement to file the Annual Filings and the Interim Filings.
About AISIX
AISIX is a wildfire risk and data-analytics solutions provider trusted by organizations seeking a more predictive future. Leveraging the advancements of data analytics and risk assessment, AISIX is on a mission to provide auditable, explainable, and defensible assessments to help businesses and communities protect their property, assets, and infrastructure from wildfire-related risks. By empowering organizations with wildfire risk insights, AISIX aims to foster resilience and sustainability in the face of climate change.
For further information:
Dr. Gio Roberti, Chief Executive Officer
+1 (604) 620-1051
investors@aisix.ca
Forward-Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements about the expected filing of the Annual Filings and Interim Filings, the Company's continued ability to satisfy the information guidelines set out in NP 12-203 as well as the duration of the MCTO.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made including, without limitations, information based on the current status of the Annual Filings, Interim Filings and discussions with the auditor of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information, and there is no guarantee the Annual Filings and/or Interim Filings will be made on the timeline currently expected or at all. If the Annual Filings and/or Interim Filings are not filed on time or are subject to additional delays, the securities of the Company could be subject to a cease trade order or other actions taken by the securities regulators and/or the TSXV. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
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