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LUXXFOLIO Updates on MCTO and Secures Bridge Loan
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LUXXFOLIO Updates on MCTO and Secures Bridge Loan

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Luxxfolio Holdings Inc ( (TSE:LUXX) ) has issued an update.

LUXXFOLIO Holdings Inc. has provided a bi-weekly status update regarding its management cease trade order (MCTO) due to a delay in filing its audited annual financial statements and related documents. The company’s CEO and CFO are restricted from trading its securities under the MCTO. To address the document filing delay, LUXXFOLIO entered a $30,000 bridge loan agreement with Cypress Hills Partners Inc., with a 14% annual interest rate, to ensure the completion and filing of the required documents by January 31, 2025.

More about Luxxfolio Holdings Inc

LUXXFOLIO Holdings Inc. operates in the financial sector, focusing on investment and resource management services.

YTD Price Performance: 25.00%

Average Trading Volume: 299,009

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$1.73M

Learn more about LUXX stock on TipRanks’ Stock Analysis page.

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