Welcome to our dedicated page for Sparta Cap news (Ticker: SCAXF), a resource for investors and traders seeking the latest updates and insights on Sparta Cap stock.
Sparta Capital Corp (SCAXF) delivers innovative solutions at the intersection of sustainability and technology. This news hub provides investors and industry professionals with direct access to official announcements about the company's energy management systems, circular economy initiatives, and health technology advancements.
Track updates across key operational areas including strategic partnerships, technology deployments in commercial/industrial sectors, and progress toward carbon reduction goals. All content comes from verified sources to ensure accuracy in reporting on Sparta's AI-driven energy optimization platforms and blockchain-enabled waste upcycling programs.
Discover how Sparta's solutions help organizations meet ESG objectives through press releases about new contracts, system performance metrics, and leadership developments. Bookmark this page for streamlined access to operational updates from a company pioneering sustainable industrial technologies.
Sparta Group (OTC PINK: SCAXF) has requested an extension from the Alberta Securities Commission (ASC) to file its Annual Filings due to delays in the audit process, attributed to staffing issues within the audit firm. The deadline for these filings has been pushed to April 5, 2023. An ongoing Management Cease Trade Order (MCTO) restricts trading for the CEO and CFO until the filings are completed. The company confirmed no significant business developments or insolvency proceedings since its last interim report, as it aims to comply with the Alternative Information Guidelines during this period.
Sparta Group (OTC PINK:SCAXF) announced it is seeking an extension from the Alberta Securities Commission (ASC) to file its Annual Filings for the year ended September 30, 2022, due to ongoing auditor delays. The management cease trade order (MCTO) will remain in effect until the filings are completed, expected by April 5, 2023. The delays are attributed to staffing issues at the auditing firm. Despite these challenges, Sparta confirms no material business developments or insolvency proceedings have occurred since its last interim financial report. The company continues to operate under the Alternative Information Guidelines during this period.
Sparta Capital Ltd. announced a private placement of unsecured convertible debentures to raise up to $500,000 for its partnership with SBL Testing Technologies. The proceeds will support the marketing of rapid-testing solutions across North America and the Caribbean amidst the ongoing COVID-19 pandemic. Each debenture, priced at $5,000, will carry an 8% interest rate, maturing in 2 years. Holders can convert debentures into shares and warrants at varying prices based on conversion timing. The placement is expected to close around November 5, 2021.
Concordia University has partnered with Sparta Group to implement the CASPR (Continuous Air and Surface Pathogen Reduction) system aimed at enhancing COVID-19 safety measures. The CASPR technology, which reduces pathogens by 99.96%, will be installed in high-traffic areas of the campus. This initiative, part of a pilot project, could lead to further orders if initial tests are successful. The installation signifies a proactive approach to health and safety amidst ongoing pandemic concerns.
FAQ
What is the current stock price of Sparta Cap (SCAXF)?
What is the market cap of Sparta Cap (SCAXF)?
