Wellfield Technologies Inc. Announces Failure to File Cease Trade Order
Wellfield Technologies (OTC: WFLDF; TSXV: WFLD) disclosed that a failure-to-file cease trade order (FFCTO) was issued by the British Columbia Securities Commission after a prior management cease trade order expired. The FFCTO arises from delayed annual audited financial statements for the year ended March 31, 2025 and interim filings for the period ended June 30, 2025, with the company citing resourcing challenges.
The FFCTO prohibits trading or purchasing the company’s securities in Canada except under limited conditions for certain non‑insider holders. The TSXV halted trading of the common shares on October 3, 2025. Management is working with the auditor and currently anticipates filing the Annual Filings on or before October 29, 2025, with interim filings to follow.
Wellfield Technologies (OTC: WFLDF; TSXV: WFLD) ha comunicato che la oggetto di cessazione di negoziazione per mancata presentazione (FFCTO) è stato emesso dalla British Columbia Securities Commission dopo la scadenza di un precedente ordine di cessazione per gestione. L’FFCTO deriva da il ritardo nella presentazione dei bilanci annuali certificati per l’esercizio chiuso al 31 marzo 2025 e delle dichiarazioni intermedie per il periodo chiuso al 30 giugno 2025, con la società che cita sfide di risorse.
L’FFCTO vieta la negoziazione o l’acquisto di strumenti finanziari della società in Canada salvo in condizioni limitate per determinati detentori non- insider. Il TSXV ha sospeso la negoziazione delle azioni ordinarie il 3 ottobre 2025. Il management sta collaborando con l’auditor e si prevede attualmente di presentare i bilanci annuali entro il 29 ottobre 2025, con le dichiarazioni interim a seguire.
Wellfield Technologies (OTC: WFLDF; TSXV: WFLD) informó que la orden de cese de negociación por incumplimiento de presentación (FFCTO) fue emitida por la Comisión de Valores de Columbia Británica luego de que expirara una anterior orden de cese por gestión. El FFCTO surge por retrasos en los estados financieros auditados anuales del año terminado el 31 de marzo de 2025 y en los informes intermedios del periodo terminado el 30 de junio de 2025, con la empresa citando desafíos de recursos.
El FFCTO prohíbe la negociación o compra de valores de la empresa en Canadá salvo en condiciones limitadas para ciertos titulares no internos. El TSXV suspendió la negociación de las acciones ordinarias el 3 de octubre de 2025. La dirección está trabajando con el auditor y actualmente anticipa presentar los Informes Anuales en o antes del 29 de octubre de 2025, con los informes intermedios a seguir.
Wellfield Technologies (OTC: WFLDF; TSXV: WFLD)가 FFCTO(미달성 파일 제출 중단 금지 명령)를 브리티시컬럼비아 증권위원회가 발급했다고 공지했습니다. 이는 이전 관리자 중단 명령이 만료된 후의 일입니다. FFCTO는 연간 감사보고서가 2025년 3월 31일에 종료되는 해의 재무제표와 중간 보고서가 2025년 6월 30일에 해당하는 제출 지연에서 비롯되었으며, 회사는 자원 배분의 문제를 이유로 들었습니다.
FFCTO는 캐나다에서 회사의 증권 거래 또는 매수를 제한하며, 내부자가 아닌 특정 보유자에 한해 제한적 조건 하에 허용됩니다. TSXV는 2025년 10월 3일에 주식 거래를 중단했습니다. 경영진은 감사인과 협력 중이며 현재 2025년 10월 29일 이내에 연차 보고서를 제출하고, 그 이후에 중간 보고서를 제출할 예정이라고 예상합니다.
Wellfield Technologies (OTC: WFLDF; TSXV: WFLD) a communiqué qu’un ordre de cessation de négociation pour défaut de dépôt (FFCTO) a été émis par la British Columbia Securities Commission après l’expiration d’un précédent ordre de cessation de gestion. Le FFCTO résulte du retard des états financiers annuels audités pour l’exercice clos le 31 mars 2025 et des dépôts intermédiaires pour la période close le 30 juin 2025, la société invoquant des contraintes de ressources.
Le FFCTO interdit la négociation ou l’achat des valeurs de l’entreprise au Canada, sauf dans des conditions limitées pour certains détenteurs non-insiders. Le TSXV a suspendu la négociation des actions ordinaires le 3 octobre 2025. La direction travaille avec l’auditeur et prévoit actuellement de déposer les États Financiers Annuels au plus tard le 29 octobre 2025, les dépôts intermédiaires suivront.
Wellfield Technologies (OTC: WFLDF; TSXV: WFLD) teilte mit, dass von der British Columbia Securities Commission eine Verordnung über Handelsunterbrechung bei Nichtvorlage (FFCTO) erlassen wurde, nachdem eine frühere Management-Verfügung abgelaufen war. Das FFCTO ergibt sich aus verzögerten Jahresabschlüssen geprüft für das Geschäftsjahr, das am 31. März 2025 endet, und Zwischenberichten für den Zeitraum bis zum 30. Juni 2025, wobei das Unternehmen von Ressourcenproblemen berichtet.
Das FFCTO untersagt den Handel oder den Kauf der Wertpapiere des Unternehmens in Kanada, außer unter beschränkten Bedingungen für bestimmte Nicht-Insider-Inhaber. Der TSXV hat den Handel mit den Stammaktien am 3. Oktober 2025 ausgesetzt. Das Management arbeitet mit dem Abschlussprüfer zusammen und erwartet derzeit, die Jahresabschlüsse bis spätestens zum 29. Oktober 2025 einzureichen, gefolgt von Zwischenberichten.
Wellfield Technologies (OTC: WFLDF; TSXV: WFLD) أعلنت أن لجنة الأوراق المالية في كولومبيا البريطانية أصدرت أمر وقف التداول بسبب الإخفاق في التقديم (FFCTO) وذلك بعد أن انتهت صلاحية أمر توقف الإدارة السابق. ينشأ FFCTO من تأخر البيانات المالية المدققة السنوية للسنة المنتهية في 31 مارس 2025 والتقارير المرحلية للفترة المنتهية في 30 يونيو 2025، مع توجيه الشركة بأن هناك تحديات في الموارد.
يحظر FFCTO التداول أو شراء أوراق الشركة المالية في كندا باستثناء شروط محدودة لبعض الحائزين غير المطلعين. أوقف TSXV التداول في أسهم الشركة العادية في 3 أكتوبر 2025. تعمل الإدارة مع المدقق وتتوقع حالياً تقديم التقارير السنوية في موعد لا يتجاوز 29 أكتوبر 2025 مع اعتماد التقارير المرحلية لاحقاً.
Wellfield Technologies (OTC: WFLDF; TSXV: WFLD) 公布，卑诗省证券委员会在前次管理层禁售令到期后发布了一项 未按时提交停牌令（FFCTO）。FFCTO 是由于年度经审计财报（截至 2025 年 3 月 31 日）及季度报（截至 2025 年 6 月 30 日）的延迟所致，公司表示资源配置方面存在挑战。
FFCTO 禁止在加拿大买卖或交易公司的证券，除非对某些非内部人士持有人有条件的有限豁免。TSXV 于 2025 年 10 月 3 日 停止了普通股交易。管理层正在与审计师合作，预计在 2025 年 10 月 29 日 前提交年度报告，随后提交中期报告。
- Management actively working with auditor to complete Required Filings
- Company anticipates filing Annual Filings on or before October 29, 2025
- FFCTO prohibits trading or purchasing of company securities in Canada
- TSXV trading halt imposed on October 3, 2025
- Required Filings delayed due to resourcing challenges
Toronto, Ontario--(Newsfile Corp. - October 10, 2025) - Wellfield Technologies Inc. (TSXV: WFLD) (OTC Pink: WFLDF) (FSE: K8D) ("Wellfield" or the "Company") announces that the management cease trade order granted on July 30, 2025, by its principal regulator, the British Columbia Securities Commission (the "BCSC") has expired and the BCSC has issued a failure-to-file case trade order (the "FFCTO") to the Company under Multilateral Instrument 11-103 - Failure-To-File Cease Trade Orders In Multiple Jurisdictions, prohibiting the trading in or the purchasing of any securities of the Company by any person or company in Canada, including trades in the Company's common shares made through the TSX Venture Exchange (the "TSXV"), except in accordance with the following conditions:
a beneficial securityholder of the Company who is not, and was not at the date of the FFCTO an insider or control person of the Company, may sell securities of the Company acquired before the date of October 2, 2025 if both of the following apply: (a) the sale is made through a "foreign organized regulated market", as defined in section 1.1 of the Universal Market Integrity Rules of the Canadian Investment Regulatory Organization; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation.
The FFCTO was issued as a result of the delay in the filing of the Company's annual audited financial statements for the year ended March 31, 2025, management's discussion and analysis for the period ended March 31, 2025 and the related annual filings (the "Annual Filings") and the interim financial report for the period ended June 30, 2025, management's discussion and analysis for the periods ended June 30, 2025, and interim related filings (the "Interim Filings" and with the Annual Filings, the "Required Filings").
The delay in completing the Required Filings was due to unforeseen extenuating circumstances resulting in resourcing challenges within the Company.
In addition, as a result of the FFCTP, the TSXV imposed a halt of trading of the Company's common shares on October 3, 2025.
The Company currently anticipates completing and filing the Annual Filings on or before October 29, 2025, with the Interim Filings, to follow shortly thereafter.
Management is actively working with its auditor to complete the Required Filings as soon as possible to facilitate the reinstatement of trading in the Company's common shares on the TSXV and will provide updates as further information becomes available.
About Wellfield
Wellfield Technologies, Inc. (TSXV: WFLD) is a leading fintech company specializing in innovative solutions leveraging blockchain technology. Our platform Coinmama, provide seamless access to the cryptocurrency market for over 3.5 million registered users across 180 countries. Additionally, Wellfield operates Tradewind Markets platform to digitize and trade real-world assets, including our flagship VaultChain™ Gold and VaultChain™ Silver products.
Join Wellfield's digital community on LinkedIn and Twitter, and for more details, visit wellfield.io.
For further information, contact:
Wellfield Technologies Inc.
Levy Cohen, CEO
levyc@wellfield.io
Ryan Graybill, Investor Relations
ryan.graybill@wellfield.io
Cautionary Notice on Forward-Looking Statements
This news release contains statements that constitute "forward-looking information" ("forward-looking information") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information, including the anticipated date that the Company expects to complete its Required Filings. Forward-looking information in this news release are based on the Company's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward- looking information necessarily involves known and unknown risks and uncertainties, which may cause the Company's actual performance and results in to differ materially from any projections of future performance or results expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to general business, financial market, economic, competitive, political and social uncertainties. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated. Readers are cautioned that the foregoing list is not exhaustive and readers are encouraged to review the disclosure documents accessible on the Company's SEDAR+ profile at www.sedarplus.ca. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has approved nor disapproved the contents of this news release, nor do they accept 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/270101
FAQ
What did Wellfield (WFLDF) announce on October 11, 2025 regarding a cease trade order?
How does the FFCTO affect trading of WFLDF shares in Canada?
When did the TSXV halt trading in Wellfield (WFLDF) shares?
Why were Wellfield’s required filings for fiscal year ended March 31, 2025 delayed?
When does Wellfield expect to file its annual audited financial statements (WFLDF)?
Can shareholders sell WFLDF shares while the FFCTO is in effect?
