Nextech3D.AI Corporation Announces Change of Fiscal Year End

Rhea-AI Summary

Nextech3D.AI (CSE:NTAR)(OTC:NEXCF)(FSE:1SS) has announced a change in its fiscal year-end from December 31 to March 31. This modification aims to better align the company's financial statements and continuous disclosure requirements with its affiliates, streamlining reporting obligations.

As a result of this change, the company will file its annual disclosures in late July 2025, covering a 15-month period ending March 31, 2025. These disclosures will include audited financial statements in accordance with National Instrument 51-102. Additional details regarding the change and interim reporting procedures will be available in the Company's Notice of Change of Financial Year-End on SEDAR.

Positive

• Streamlined reporting process through alignment with affiliates' financial statements

Negative

• None.

TORONTO, ON / ACCESS Newswire / February 10, 2025 / Nextech3D.AI Corporation (CSE:NTAR)(OTC:NEXCF)(FSE:1SS) ("Nextech" or the "Company") today announces that it is changing its fiscal year-end from December 31 to March 31.

The Company is changing its financial year-end to better align the Company's financial statement and continuous disclosure requirements with those of its affiliates to streamline reporting its reporting obligations. As a result, the Company expects to file its annual disclosures in late July 2025 for the 15 months ended March 31, 2025, including audited financial statements and in accordance with National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102").

Further details regarding the change in fiscal year-end, including the Company's interim reporting procedures, will be available in the Company's Notice of Change of Financial Year-End, prepared in accordance with section 4.8 of NI 51-102, which will be filed on the Company's profile on SEDAR at www.sedarplus.ca.

For further information, please contact:
Investor Relations Contact
Evan Gappelberg CEO/Director
866-ARITIZE (274-8493)

Forward-looking Statements

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE: Nextech3D.AI Corporation

View the original press release on ACCESS Newswire

FAQ

When will Nextech3D.AI (NEXCF) file its next annual financial statements after changing its fiscal year?

Nextech3D.AI will file its annual disclosures in late July 2025, covering a 15-month period ending March 31, 2025.

What is the new fiscal year-end date for Nextech3D.AI (NEXCF)?

Nextech3D.AI has changed its fiscal year-end from December 31 to March 31.

Why did Nextech3D.AI (NEXCF) change its fiscal year-end date?

The company changed its fiscal year-end to better align its financial statement and continuous disclosure requirements with those of its affiliates, aiming to streamline reporting obligations.

What period will NEXCF's next annual financial report cover?

The next annual financial report will cover a 15-month period ending March 31, 2025.