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An update from Magnetic North Acquisition ( (TSE:MNC) ) is now available.
Magnetic North Acquisition Corp. has been issued a cease trade order by the Alberta Securities Commission due to its failure to file required financial statements for the year ended December 31, 2024, and the interim period ended March 31, 2025. This order restricts trading of the company’s securities in Canada, although certain exceptions apply for beneficial securityholders. The company anticipates the order will be lifted once the filings are completed, and there is no undisclosed material information currently affecting the company.
More about Magnetic North Acquisition
Magnetic North Acquisition Corp. is an investment company that manages businesses on behalf of its shareholders. With offices in Calgary and Toronto, the company leverages its management, operations, and capital markets expertise to enhance the success of its investee companies. Magnetic North’s common and preferred shares are traded on the TSX Venture Exchange under the symbols MNC and MNC.PR.A, respectively. The company was recognized as a ‘2021 TSX Venture 50’ recipient.
Average Trading Volume: 17,993
Technical Sentiment Signal: Sell
Current Market Cap: C$4.73M
For a thorough assessment of MNC stock, go to TipRanks’ Stock Analysis page.