Tenet Announces Delay in Filing of Year-End 2024 Financial Results
Tenet Fintech Group Inc. (CSE: PKK) (OTCQB: PKKFF), operator of the Cubeler® Business Hub, has announced a delay in filing its 2024 year-end financial statements, missing the April 30, 2025 deadline. Due to this delay, the company expects a cease trade order to be implemented by Canadian Securities Administrators, which will temporarily halt trading of Tenet's securities. The company aims to file both the delayed 2024 year-end statements and Q1 2025 financial statements by May 31, 2025.
Tenet Fintech Group Inc. (CSE: PKK) (OTCQB: PKKFF), gestore del Cubeler® Business Hub, ha annunciato un ritardo nella presentazione dei suoi bilanci finanziari di fine anno 2024, mancandola scadenza del 30 aprile 2025. A causa di questo ritardo, la società prevede che gli Amministratori dei Titoli Canadesi emetteranno un ordine di sospensione delle negoziazioni, che bloccherà temporaneamente la negoziazione dei titoli di Tenet. L'azienda punta a presentare sia i bilanci di fine anno 2024 in ritardo sia quelli del primo trimestre 2025 entro il 31 maggio 2025.
Tenet Fintech Group Inc. (CSE: PKK) (OTCQB: PKKFF), operador del Cubeler® Business Hub, ha anunciado un retraso en la presentación de sus estados financieros de cierre del año 2024, incumpliendo la fecha límite del 30 de abril de 2025. Debido a este retraso, la empresa espera que los Administradores de Valores Canadienses implementen una orden de suspensión de operaciones, que detendrá temporalmente la negociación de los valores de Tenet. La compañía tiene como objetivo presentar tanto los estados financieros atrasados de cierre de 2024 como los del primer trimestre de 2025 antes del 31 de mayo de 2025.
Tenet Fintech Group Inc. (CSE: PKK) (OTCQB: PKKFF)는 Cubeler® Business Hub 운영사로서 2024 회계연도 연말 재무제표 제출이 2025년 4월 30일 마감일을 넘겨 지연될 것이라고 발표했습니다. 이 지연으로 인해 캐나다 증권 관리자들이 거래 중지 명령을 발동할 것으로 예상되며, 이는 Tenet의 증권 거래를 일시적으로 중단시킬 것입니다. 회사는 지연된 2024년 연말 재무제표와 2025년 1분기 재무제표를 2025년 5월 31일까지 제출할 계획입니다.
Tenet Fintech Group Inc. (CSE : PKK) (OTCQB : PKKFF), opérateur du Cubeler® Business Hub, a annoncé un retard dans le dépôt de ses états financiers de fin d'année 2024, manquant la date limite du 30 avril 2025. En raison de ce retard, la société s'attend à ce qu'une ordonnance de suspension de négociation soit mise en place par les administrateurs des valeurs mobilières du Canada, ce qui interrompra temporairement la négociation des titres de Tenet. La société vise à déposer à la fois les états financiers de fin d'année 2024 retardés et ceux du premier trimestre 2025 d'ici le 31 mai 2025.
Tenet Fintech Group Inc. (CSE: PKK) (OTCQB: PKKFF), Betreiber des Cubeler® Business Hub, hat eine Verzögerung bei der Einreichung seiner Jahresabschlussberichte für 2024 angekündigt und damit die Frist zum 30. April 2025 verpasst. Aufgrund dieser Verzögerung erwartet das Unternehmen, dass die kanadischen Wertpapieraufsichtsbehörden eine Handelsaussetzung anordnen, die den Handel mit Tenets Wertpapieren vorübergehend stoppen wird. Das Unternehmen plant, sowohl die verspäteten Jahresabschlüsse 2024 als auch die Quartalsabschlüsse für Q1 2025 bis zum 31. Mai 2025 einzureichen.
- None.
- Missed regulatory deadline for filing 2024 year-end financial statements
- Expected cease trade order will temporarily prevent trading of company securities
- Delay extends to Q1 2025 financial statements
Toronto, Ontario--(Newsfile Corp. - May 1, 2025) - Tenet Fintech Group Inc. (CSE: PKK) (OTCQB: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler® Business Hub, today announced that due to a delay in the process to begin the audit of its year-end 2024 financial statements (the "Financial Statements"), the Company was not able to file the Financial Statements by the prescribed deadline of April 30, 2025. Therefore, Tenet anticipates that a cease trade order will be placed on the Company's securities at the request of the Canadian Securities Administrators, temporarily preventing trading of the Company's securities until the Company complies with its continuous disclosure obligations and files the Financial Statements.
The Company is aiming to file the Financial Statements, along with the Company's financial statements for the first quarter of 2025, by May 31, 2025.
About Tenet Fintech Group Inc.:
Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler® Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. Please visit our website at: https://www.tenetfintech.com/.
For more information, please contact:
Tenet Fintech Group Inc.
Mayco Quiroz, Chief Operating Officer
514-340-7775 ext.: 510
investors@tenetfintech.com
CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
cathy@chfir.com
Follow Tenet Fintech Group Inc. on social media:
X: @Tenet_Fintech
Facebook: @Tenet
LinkedIn: Tenet
YouTube: Tenet Fintech
Forward-looking information
Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of Tenet to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements in this news release include, but are not limited to, holding company with significant operations in China; general economic and business conditions, including factors impacting the Company's business in China such as pandemics and COVID-19; legislative and/or regulatory developments; Global Financial conditions, repatriation of profits or transfer of funds from China to Canada, operations in foreign jurisdictions and possible exposure to corruption, bribery or civil unrest; actions by regulators; uncertainties of investigations, proceedings or other types of claims and litigation; timing and completion of capital programs; liquidity and capital resources, negative operating cash flow and additional funding, dilution from further financing; financial performance and timing of capital; and other risks detailed from time to time in reports filed by Tenet with securities regulators in Canada. Reference should also be made to Management's Discussion and Analysis (MD&A) in Tenet's annual and interim reports, Annual Information Form, filed with Canadian securities regulators and available via the System for Electronic Document Analysis and Retrieval (SEDAR+) under Tenet's profile at www.sedarplus.ca, for a description of major risk factors relating to Tenet. Although Tenet has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements reflect information as of the date on which they are made. The Company assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event the Company does update any forward-looking statement, no inference should be made that the Company will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250496
FAQ
Why is PKKFF stock facing a cease trade order in May 2025?
When will Tenet Fintech (PKKFF) file its delayed 2024 financial statements?
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What caused the delay in Tenet Fintech's (PKKFF) 2024 financial statements?
