Magnetic North Delays Financial Filings Amid Audit Setbacks

Magnetic North Acquisition Corp (TSE:MNC) has released an update.

Magnetic North Acquisition Corp. has announced a delay in filing its annual financial statements, management discussion, and related CEO and CFO certifications, attributing the setback to staffing and scheduling challenges within the accounting services sector. The company has applied for a Management Cease Trade Order with the Alberta Securities Commission to restrict management from trading its securities and expects to resolve the issues and complete filings by May 31, 2024. During this period, Magnetic North will adhere to alternative information guidelines and issue bi-weekly status reports.

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