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The latest update is out from Magnetic North Acquisition ( (TSE:MNC) ).
Magnetic North Acquisition Corp. has announced a delay in filing its annual financial statements for the year ended December 31, 2024, due to challenges in completing a financing transaction for additional working capital. The company expects to finalize the financing within a week and has applied for a Management Cease Trade Order from the Alberta Securities Commission to restrict management from trading its securities until the filings are complete. The audit is set to begin in late May, with an anticipated filing by June 30, 2025. During this period, the company will issue bi-weekly updates and adhere to insider trading restrictions.
More about Magnetic North Acquisition
Magnetic North Acquisition Corp. invests and manages businesses on behalf of its shareholders, leveraging its management, operations, and capital markets expertise to enhance the success of its investee companies. With offices in Calgary and Toronto, the company trades its common and preferred shares on the TSX Venture Exchange under the symbols MNC and MNC.PR.A, respectively.
Average Trading Volume: 27,149
Technical Sentiment Signal: Buy
Current Market Cap: C$8.86M
See more insights into MNC stock on TipRanks’ Stock Analysis page.