Magnetic North Reports Audit Delay and Compliance

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

Magnetic North Acquisition Corp. reports a delay in submitting its 2023 audited financial documents due to auditor scheduling conflicts, projecting the audit’s resumption by July 8, 2024, with filing expected within five days post-completion. They reiterate no significant changes since the default announcement except for the 2022 financial restatement and confirm adherence to alternative information guidelines with bi-weekly status updates. The company assures no undisclosed material information or insolvency proceedings at present.

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