Magnetic North Acquisition Corp (TSE:MNC) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Magnetic North Acquisition Corp. has issued a bi-weekly update confirming the ongoing delay in filing its annual financial documents originally due April 29, 2024, but now expected by May 31, 2024. The company reiterated that there are no significant changes since their previous default announcement and that they are not facing insolvency proceedings or undisclosed material changes. They continue to meet alternative information guidelines and will provide bi-weekly updates as they work towards resolving the filing delay.
For further insights into TSE:MNC stock, check out TipRanks’ Stock Analysis page.