Voxtur Announces Cease Trade Order and Notice of Default
Rhea-AI Summary
Voxtur Analytics (OTCQB: VXTRF), a North American real estate lending technology company, has received multiple regulatory and financial setbacks. The company was issued a cease trade order (CTO) on September 5, 2025, by Canadian securities authorities for failing to file Q2 2025 financial statements. The CTO prohibits all trading of company securities in Canada, with limited exceptions.
Additionally, Voxtur faces potential downgrade to OTC Pink market if Q2 financials aren't posted by October 13, 2025. The company has also received a Notice of Default from its lender due to multiple violations including missed debt payments, failure to maintain required EBITDA ratio, and unpaid interest.
Positive
- None.
Negative
- Cease trade order (CTO) issued prohibiting trading of securities in Canada
- Risk of downgrade from OTCQB to OTC Pink market if Q2 financials not filed by October 13
- Notice of Default received for failure to repay outstanding debt
- Failure to maintain required EBITDA ratio
- Missed interest payments on Credit Facility
- Failed to file Q2 2025 financial statements by deadline
News Market Reaction 1 Alert
On the day this news was published, VXTRF gained 42.50%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
TORONTO and TAMPA, Fla., Sept. 08, 2025 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) ("Voxtur" or the "Company"), a North American technology company creating a more transparent and accessible real estate lending ecosystem, today announced that further to its press release of August 29, 2025, that on September 5, 2025 the applicable securities authority in Canada (i) noted the Company in default as a result of the financial statements for the second quarter ended June 30, 2025 not being filed by the filing deadline and (ii) issued a 'failure-to-file' cease trade order ("CTO") in accordance with the principles and guidance set out in National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions of the Canadian Securities Administrators.
The CTO prohibits all trading, whether direct or indirect, in the securities of the company in Canada, subject to certain limited exceptions for beneficial security holders who are not, and were not at the date of the CTO, insiders or control persons of the company. Such holders may sell securities acquired before the date of the CTO if the sale is made through a “foreign organized regulated market” and through a registered investment dealer in Canada, in accordance with applicable securities legislation. The CTO will remain in effect until the Company files the required disclosures, and the Ontario Securities Commission revokes the order. The CTO is also expected to result in a suspension of the Company's shares from trading on the TSX Venture Exchange ("TSXV"), which will continue until the CTO is revoked and all TSXV requirements are satisfied.
With respect to the Company’s OTC listing, the Company has until Oct 13, 2025, to post the financial statements for the second quarter ended June 30, 2025, via OTCIQ.com to maintain the Company’s eligibility for the OTCQB. If the Company does not post the report by Oct 13, 2025, the Company will be downgraded to the OTC Pink market.
The Company also announces that it has received a Notice of Default from its lender under the Amended and Restated Credit Agreement (the “Credit Facility”) for among other things, the failure to provide the financial statements for the second quarter ended June 30, 2025, failure to repay the outstanding indebtedness under the Credit Facility when due, failure to maintain the required EBIDTA ratio and failure to pay interest when due. Further to the above, the Company continues to work with its financial advisor in order to provide liquidity options to its lender.
About Voxtur
Voxtur is a proptech company. The company offers targeted data analytics to simplify the multifaceted aspects of the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value real estate assets, providing critical due diligence that enables market participants to effectively originate, trade, or service defaults on mortgage loans. As an independent and transparent mortgage technology provider, the company offers primary and secondary market solutions in the United States and Canada. For more information, visit www.voxtur.com.
Forward-Looking Information
This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) which reflect the expectations of management regarding the Company’s future growth, financial performance and objectives and the Company’s strategic initiatives, plans, business prospects and opportunities. These forward-looking statements reflect management’s current expectations regarding future events and the Company’s financial and operating performance and speak only as of the date of this press release. By their very nature, forward-looking statements require management to make assumptions and involve significant risks and uncertainties, should not be read as guarantees of future events, performance or results, and give rise to the possibility that management’s predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that the assumptions may not be correct and that the Company’s future growth, financial performance and objectives and the Company’s strategic initiatives, plans, business prospects and opportunities, including the duration, impact of and recovery from the COVID-19 pandemic, will not occur or be achieved. Any information contained herein that is not based on historical facts may be deemed to constitute forward-looking information within the meaning of Canadian and United States securities laws. Forward-looking information may be based on expectations, estimates and projections as at the date of this news release, and may be identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. Forward-looking information may include but is not limited to the anticipated financial performance of the Company and other events or conditions that may occur in the future. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the information is provided. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information include but are not limited to: additional costs related to acquisitions, integration of acquired businesses, and implementation of new products; changing global financial conditions, especially in light of the COVID-19 global pandemic; reliance on specific key employees and customers to maintain business operations; competition within the Company’s industry; a risk in technological failure, failure to implement technological upgrades, or failure to implement new technological products in accordance with expected timelines; changing market conditions related to defaulted mortgage loans, and the failure of clients to send foreclosure and bankruptcy referrals in volumes similar to those prior to the COVID-19 global pandemic; failure of governing agencies and regulatory bodies to approve the use of products and services developed by the Company; the Company’s dependence on maintaining intellectual property and protecting newly developed intellectual property; operating losses and negative cash flows; and currency fluctuations. Accordingly, readers should not place undue reliance on forward-looking information contained herein. Factors relating to the Company’s financial guidance and targets disclosed in this press release include, in addition to the factors set out above, the degree to which actual future events accord with, or vary from, the expectations of, and assumptions used by, Voxtur's management in preparing the financial guidance and targets.
This forward-looking information is provided as of the date of this news release and, accordingly, is subject to change after such date. The Company does not assume any obligation to update or revise this information to reflect new events or circumstances except as required in accordance with applicable laws.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Voxtur's common shares are traded on the TSX Venture Exchange under the symbol VXTR and in the US on the OTCQB under the symbol VXTRF.
Company Contact:
Jordan Ross
Tel: (416)708-9764
jordan@voxtur.com
FAQ
Why was Voxtur Analytics (VXTRF) issued a cease trade order in September 2025?
What are the consequences of the cease trade order for Voxtur (VXTRF) shareholders?
When might Voxtur (VXTRF) be downgraded to OTC Pink market?
What defaults has Voxtur Analytics (VXTRF) triggered under its Credit Facility?
How can the cease trade order on Voxtur (VXTRF) be lifted?
