Boardwalktech Announces Adoption of Semi-Annual Reporting

Rhea-AI Summary

Boardwalktech Software (TSXV: BWLK, OTCQB: BWLKF) plans to adopt the Semi-Annual Reporting (SAR) Pilot Program under Coordinated Blanket Order 51-933, moving from quarterly to semi-annual financial reporting to reduce administrative and financial burdens.

According to Boardwalktech, it will not file interim financial statements and MD&A for the three-month period ending June 30, 2026, nor for the nine-month period ending December 31, 2026. The company will continue filing audited annual financials for the year ended March 31 within 120 days of year-end, and interim financials for the six-month period ended September 30 within 60 days. Boardwalktech states it meets eligibility criteria, including annual revenue under $10 million and a clean 12‑month continuous disclosure record, and will continue to disclose all material changes under National Instrument 51-102.

Positive

• Shift to semi-annual reporting to cut costs Company cites reduced administrative and financial burden from moving away from quarterly filings.
• Confirms eligibility with revenue under $10 million Meets SAR Pilot criteria, including being a venture issuer with annual revenues below the $10 million threshold.
• Maintains audited annual and six-month reporting Annual statements filed within 120 days of March 31 year-end and six-month interims within 60 days of September 30.

Negative

• Less frequent financial updates for investors Move from quarterly to semi-annual reporting means no filings for the three months to June 30, 2026, and nine months to December 31, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Cupertino, California--(Newsfile Corp. - August 11, 2026) - Boardwalktech Software Corp (TSXV: BWLK) (OTCQB: BWLKF) ("Boardwalk" or the "Company") the leading provider of patented digital-ledger and AI-enabled Enterprise Software Solutions for Intelligent Information Management, announces its intention to adopt the policies outlined in the Semi-Annual Reporting ("SAR") Pilot Program utilizing the exemptions provided under Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the " Blanket Order ").

The SAR Pilot program is implemented under the Blanket Order, which allows eligible venture issuers to voluntarily move from quarterly to semi-annual financial reporting. By adopting the SAR, the Company aims to reduce the administrative and financial burden associated with quarterly reporting.

The Company will not file interim financial statements and related Management Discussion and Analysis for the three-month period ending June 30, 2026, and the nine-month period ending December 31, 2026.

The Company will continue to file its audited annual financial statements and related management's discussion and analysis for the financial year ended March 31 within 120 days of year-end, and its interim financial statements and related management's discussion and analysis for the six-month period ended September 30 within 60 days of that period-end.

The Company confirms it meets the pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10 million and maintaining a clean 12-month continuous disclosure record. The Company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 - Continuous Disclosure Obligations.

The Company confirms that this news release is being filed pursuant to Coordinated Blanket Order 51 - 933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.

About Boardwalktech Software Corp.

Boardwalktech has developed a patented digital ledger and AI technology platform used by Fortune 500 companies to power mission-critical enterprise applications. The platform enables multiple parties to work simultaneously on the same data while preserving full data integrity, provenance, and auditability. Boardwalktech delivers purpose-built enterprise applications with deep integration into systems of record, significantly faster than traditional software platforms. The Company is headquartered in Cupertino, California, with offices in India and operations across North America. For more information, visit www.boardwalktech.com.

Forward-Looking Information

This press release contains forward-looking statements within the meaning of applicable securities laws. These statements relate to future events, performance, and business opportunities and are subject to risks and uncertainties that could cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements. Boardwalktech undertakes no obligation to update such statements except as required by law.

Contacts:

Andy Duncan, CEO
Boardwalktech Software Corp.
andy.duncan@boardwalktech.com
(650) 245-2050

Sean Peasgood
Investor Relations - Sophic Capital
sean@sophiccapital.com
(647) 837-3357

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/309134

FAQ

What change to financial reporting is Boardwalktech (BWLKF) making in August 2026?

Boardwalktech plans to move from quarterly to semi-annual financial reporting under the SAR Pilot Program. According to Boardwalktech, this uses exemptions in Coordinated Blanket Order 51-933 and is intended to reduce its administrative and financial reporting burden as a venture issuer.

Which Boardwalktech (BWLKF) reporting periods will not have interim financial statements in 2026?

Boardwalktech will not file interim financial statements and MD&A for the three-month period ending June 30, 2026, and the nine-month period ending December 31, 2026. According to Boardwalktech, these gaps result from adopting the Semi-Annual Reporting Pilot Program framework.

How often will Boardwalktech (BWLKF) file financial statements under semi-annual reporting?

Boardwalktech will file audited annual financial statements and semi-annual interim statements. According to Boardwalktech, annual reports for the March 31 year-end will be filed within 120 days, and six-month interim statements for September 30 within 60 days of that period-end.

Why is Boardwalktech (BWLKF) adopting the Semi-Annual Reporting Pilot Program?

Boardwalktech is adopting the SAR Pilot Program to reduce its administrative and financial burden from quarterly reporting. According to Boardwalktech, the Coordinated Blanket Order 51-933 allows eligible venture issuers to voluntarily switch to semi-annual reporting while maintaining required continuous disclosure obligations.

What eligibility criteria does Boardwalktech (BWLKF) meet for semi-annual reporting?

Boardwalktech confirms it is a venture issuer with annual revenues under $10 million and a clean 12-month disclosure record. According to Boardwalktech, meeting these criteria allows participation in the SAR Pilot Program under Coordinated Blanket Order 51-933 exemptions.

Will Boardwalktech (BWLKF) still report material changes after adopting semi-annual reporting?

Yes, Boardwalktech states it will continue timely disclosure of all material changes and significant developments. According to Boardwalktech, it remains subject to National Instrument 51-102 Continuous Disclosure Obligations, even while using the Semi-Annual Reporting Pilot Program exemptions.