Forte Group Stock Price, News & Analysis

Forte Group Holdings Inc. (CSE:FGH)(OTC:FGHFF) has announced the completion and filing of its audited financial statements for fiscal year 2024, along with management's discussion and analysis and CEO/CFO certifications. The company had previously disclosed a delay in these filings due to increased audit procedures related to discontinued operations and the wind-down of non-core subsidiaries. These actions are part of Forte Group's strategic initiative to streamline operations and strengthen its balance sheet.

Forte Group Holdings Inc. (FGHFF) has announced a delay in filing its audited financial statements, management's discussion and analysis, and CEO/CFO certifications for fiscal year 2024. The filings, originally due by April 30, 2025, are now expected to be completed by May 5, 2025.

The delay is primarily due to increased audit activity related to the company's discontinued operations, including voluntary dissolutions and wind-down of non-core subsidiaries. These actions are part of Forte Group's strategic initiative to streamline operations and reduce balance sheet liabilities.

As a consequence, the British Columbia Securities Commission may issue a Failure-to-File Cease Trade Order (FFCTO), which would temporarily prohibit trading of Forte Group's securities in Canada until the required filings are completed.

Forte Group Holdings (CSE:FGH, OTC:FGHFF) has completed a strategic debt settlement initiative to strengthen its financial position. The lifestyle and wellness consumer packaged goods company has converted debts totaling $546,695 into common shares at $0.375 per share, resulting in the issuance of 1,457,852 new common shares.

The newly issued shares are subject to a restricted period until August 22, 2025. This debt-to-equity conversion was executed with arm's length holders as part of the company's ongoing efforts to improve its balance sheet, following an earlier announcement on April 8, 2025.

Forte Group Holdings (CSE:FGH)(OTC:FGHFF) has announced key financial initiatives to strengthen its balance sheet. The company plans to convert $546,695 of debt into common shares at $0.375 per share, resulting in the issuance of 1,457,852 new shares. These shares will be subject to a four-month and one-day restricted period from closing, with the transaction expected to complete around April 16, 2025.

Additionally, the company has terminated its previously announced digital marketing agreement with Aktiencheck.de AG. The original agreement, valued at CAD $73,890, was meant for a two-month European investor awareness campaign. Forte Group has since assigned the marketing agreement rights to two third parties, receiving CAD $38,685 (52% of original consideration) while remaining liable for the original payment obligations.

Forte Group Holdings (CSE:FGH)(OTC:FGHFF) has successfully closed its previously announced non-brokered private placement financing as of February 24, 2025. The company issued 200,000 common shares at $0.60 per share, raising gross proceeds of $120,000. These shares will be subject to a statutory hold period until June 25, 2025.

The company plans to use the proceeds for general working capital and outstanding payables. Additionally, Forte Group has converted $29,000 in secured promissory notes into 60,416 common shares at $0.48 per share. These notes were secured against the company's property near Bridesville, British Columbia, and were originally issued by Naturo Group Enterprises Inc. to an arm's-length holder. The shares issued through this debt conversion will also be subject to a statutory hold period expiring on June 25, 2025.

Forte Group Holdings (CSE:FGH)(OTC:FGHFF) has announced two strategic financial initiatives. First, a non-brokered private placement offering 200,000 common shares at $0.60 per share, aiming to raise $120,000 for working capital and outstanding payables. The shares will have a four-month statutory hold period.

Second, the company plans to convert $29,000 in secured promissory notes into common shares at $0.48 per share, resulting in 60,416 new shares. These notes are secured against the company's property near Bridesville, British Columbia. Both transactions are expected to close around February 24, 2025.

Insiders may participate in the private placement, which falls under MI 61-101 regulations, with participation not exceeding 25% of the company's market capitalization. No finder's fees will be paid for the private placement.

Forte Group Holdings (CSE:FGH)(OTC:FGHFF) has successfully closed its previously announced non-brokered private placement, raising $375,000 through the issuance of 624,999 common shares at $0.60 per share. The company plans to allocate approximately $330,000 for current and anticipated payables and $45,000 for general working capital purposes.

CEO Marcello Leone participated in the offering, acquiring 28,333 common shares in a transaction exempt from minority shareholder approval requirements. All shares issued are subject to a four-month restricted period ending June 7, 2025. Additionally, the company has restructured its Audit Committee, with Dallas Pretty replacing John Campbell, joining Howard Blank (Chair) and Richard Coleman.

Forte Group Holdings (CSE:FGH)(OTC:FGHFF) has appointed Dallas Pretty, CPA, CA, as its new Chief Financial Officer and Corporate Secretary, effective February 4, 2025. Pretty replaces John Campbell, who has resigned from his positions as Chief Financial Officer, Chief Strategy Officer, and Corporate Secretary but will remain on the company's board of directors.

Pretty brings over 20 years of expertise in finance and management across public and private companies. He is a graduate of Simon Fraser University and previously served as a manager in the audit and advisory services group at KPMG LLP. His experience includes operations, strategic business development, mergers and acquisitions, public and private financing, financial reporting, human resources, and facilities management. He is also the founder of Black Tusk Advisory Services.

Forte Group Holdings (CSE:FGH, OTC:FGHFF) has announced a non-brokered private placement financing, planning to issue 625,000 common shares at $0.60 per share to raise aggregate gross proceeds of up to $375,000. The shares will have a statutory hold period of four months and one day from issuance.

The company plans to use the proceeds for general working capital and outstanding payables. The closing is expected around February 3, 2025. Company insiders may participate in the placement, which falls under MI 61-101 regulations, with exemptions from formal valuation and minority shareholder approval requirements as insider participation won't exceed 25% of market capitalization. No finder's fees are associated with this placement.