ImagineAR to Correct Financial Disclosures Following Regulatory Review

ImagineAR ( (TSE:IP) ) has provided an update.

ImagineAR is amending and re-filing its interim financial statements and management discussions due to discrepancies in revenue reporting and credit risk concentrations. This move comes after a review by the British Columbia Securities Commission revealed non-compliance with International Financial Reporting Standards. The company also clarified issues regarding a property purchase project and the issuance of shares as a facilitation fee, reflecting efforts to rectify significant financial inaccuracies and maintain transparency with stakeholders.

More about ImagineAR

ImagineAR operates in the augmented reality industry, providing innovative solutions and services that focus on enhancing user engagement through immersive experiences. The company is publicly traded under the symbols CSE: IP, OTCQB: IPNFF, and FSE: GMS1, indicating its presence in multiple financial markets.

YTD Price Performance: -8.00%

Average Trading Volume: 135,042

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $11.62M

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