JIVA Technologies Announces Filing of Application for Management Cease Trade Order
JIVA Technologies (OTCQB: PLTXF) has announced it will miss the July 29, 2025 deadline for filing its annual financial statements and related documents for the fiscal year ended March 31, 2025. The company has applied for a Management Cease Trade Order (MCTO) with the British Columbia Securities Commission.
The delay comes after the company's auditor indicated on July 28, 2025, that they cannot complete the audit by the required deadline. JIVA expects to file the required documents by September 29, 2025. During this period, while public trading will continue, company executives and certain insiders will be restricted from trading JIVA shares.
JIVA Technologies (OTCQB: PLTXF) ha annunciato che non riuscirà a rispettare la scadenza del 29 luglio 2025 per la presentazione del bilancio annuale e dei documenti correlati per l'esercizio chiuso al 31 marzo 2025. La società ha richiesto un Management Cease Trade Order (MCTO) alla British Columbia Securities Commission.
Il ritardo è dovuto al fatto che il revisore contabile ha comunicato il 28 luglio 2025 di non poter completare la revisione entro la scadenza prevista. JIVA prevede di depositare i documenti richiesti entro il 29 settembre 2025. Durante questo periodo, pur proseguendo la negoziazione pubblica, i dirigenti della società e alcuni insider saranno limitati nel trading delle azioni JIVA.
JIVA Technologies (OTCQB: PLTXF) ha anunciado que no cumplirá con la fecha límite del 29 de julio de 2025 para presentar sus estados financieros anuales y documentos relacionados correspondientes al año fiscal terminado el 31 de marzo de 2025. La compañía ha solicitado una Orden de Suspensión de Comercio por la Gerencia (MCTO) a la Comisión de Valores de Columbia Británica.
El retraso se debe a que el auditor de la empresa indicó el 28 de julio de 2025 que no podrá completar la auditoría antes de la fecha límite requerida. JIVA espera presentar los documentos requeridos antes del 29 de septiembre de 2025. Durante este período, aunque la negociación pública continuará, los ejecutivos de la empresa y ciertos insiders tendrán restricciones para comerciar con acciones de JIVA.
JIVA Technologies (OTCQB: PLTXF)는 2025년 3월 31일 종료된 회계연도에 대한 연례 재무제표 및 관련 서류를 2025년 7월 29일까지 제출하지 못할 것이라고 발표했습니다. 회사는 브리티시컬럼비아 증권위원회에 경영진 거래중지명령(MCTO)을 신청했습니다.
이번 지연은 2025년 7월 28일 감사인이 요구된 기한 내에 감사를 완료할 수 없다고 통보한 데 따른 것입니다. JIVA는 필요한 서류를 2025년 9월 29일까지 제출할 예정입니다. 이 기간 동안 공개 거래는 계속되지만, 회사 경영진 및 일부 내부자는 JIVA 주식 거래에 제한을 받게 됩니다.
JIVA Technologies (OTCQB : PLTXF) a annoncé qu'elle ne respecterait pas la date limite du 29 juillet 2025 pour le dépôt de ses états financiers annuels et des documents connexes pour l'exercice clos le 31 mars 2025. La société a demandé une Ordonnance de Suspension de Négociation par la Direction (MCTO) auprès de la Commission des valeurs mobilières de la Colombie-Britannique.
Ce retard fait suite à l'indication de l'auditeur de la société, le 28 juillet 2025, qu'il ne pourra pas terminer l'audit avant la date limite requise. JIVA prévoit de déposer les documents requis d'ici le 29 septembre 2025. Pendant cette période, bien que le trading public se poursuive, les dirigeants de la société et certains initiés seront soumis à des restrictions concernant la négociation des actions JIVA.
JIVA Technologies (OTCQB: PLTXF) hat bekannt gegeben, dass es die Frist am 29. Juli 2025 zur Einreichung der Jahresfinanzberichte und der zugehörigen Dokumente für das am 31. März 2025 endende Geschäftsjahr nicht einhalten wird. Das Unternehmen hat bei der British Columbia Securities Commission eine Management Cease Trade Order (MCTO) beantragt.
Die Verzögerung resultiert daraus, dass der Wirtschaftsprüfer am 28. Juli 2025 mitteilte, die Prüfung nicht bis zur geforderten Frist abschließen zu können. JIVA erwartet, die erforderlichen Unterlagen bis zum 29. September 2025 einzureichen. In dieser Zeit wird der öffentliche Handel zwar fortgesetzt, jedoch sind Führungskräfte und bestimmte Insider der Gesellschaft im Handel mit JIVA-Aktien eingeschränkt.
- Public trading of shares will continue on the Canadian Securities Exchange during the MCTO period
- Company is not subject to any insolvency proceedings
- Company has provided a clear timeline for completing the annual filings by September 29, 2025
- Failure to meet statutory deadline for annual financial statements filing
- Trading restrictions imposed on company executives and insiders
- Delayed audit completion signals potential internal financial reporting issues
- Company will require bi-weekly default status reports until resolution
In connection with the Company's inability to file the Annual Filings on time, the Company has applied for a Management Cease Trade Order ("MCTO") under National Policy 12-203 – Management Cease Trade Orders ("NP 12-203") and is waiting for the decision of the British Columbia Securities Commission (the "BCSC") with respect to its application.
The Company is applying for a MCTO as a result of the Company having been advised by its auditor on July 28, 2025 that the auditor is unable to complete its audit of the Company by the required filing deadline.
The Company expects to file the Annual Filings on or about September 29, 2025, but in any event as soon as they are available. The Company will issue a news release once the Annual Filings have been filed. Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in NP 12-203. The guidelines, among other things, require the Company to issue bi-weekly default status reports, in the form of news releases, for so long as the Annual Filings have not been filed.
During the MCTO, the general investing public will continue to be able to trade in the Company's common shares listed on the Canadian Securities Exchange. However, the Company's Chief Executive Officer, Chief Financial Officer, and such other directors, officers and persons as determined by the applicable regulatory authorities will not be able to trade in the Company's common shares, nor will the Company be able to, directly or indirectly, issue securities to or acquire securities from an insider or employee of the Company except in accordance with legally binding obligations to do so existing as of July 30, 2025, being the date of the Company's anticipated continuous disclosure default.
The Company is not subject to any insolvency proceedings. If the Company provides any information to any of its creditors during the period in which it is in default of filing the Annual Filings, the Company confirms that it will also file material change reports on SEDAR containing such information.
About JIVA Technologies Inc.
JIVA Technologies is dedicated to building niche online wellness communities and creating immersive physical environments. With a proven track record in e- commerce marketplaces, bolstered by expert UI/UX design and SEO, JIVA now focuses on joint ventures to support wellness brands in developing their online presence. The company owns and operates Bloombox Club, an online plant delivery marketplace serving
Contact
Lorne Rapkin
Chief Executive Officer
(416) 419-1415
Neither the Canadian Securities Exchange nor its Regulation Services Provider has reviewed or accepts responsibility for the accuracy or adequacy of this release.
Cautionary Note Regarding Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "expects", "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, management's expectations that it will miss the filing deadline for the Annual Filings, the issuance by the BCSC of an MCTO, and the ability of the Company to file the Annual Filings within the time period described herein.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: the BCSC may not issue an MCTO; the Company being unable file the Annual Filings in the proposed timeframe; recent market volatility; and the state of the financial markets for the Company's securities.
In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the BCSC will issue an MCTO and the Company will be able to file the Annual Filings in the proposed time frame.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and 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. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
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SOURCE JIVA Technologies Inc.
FAQ
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