Magnetic North Acquisition Corp (TSE:MNC) has released an update.
Magnetic North Acquisition Corp. has announced a delay in filing its annual financial statements for 2023, primarily due to staffing issues at its accounting service provider. The company has sought a Management Cease Trade Order to prevent management from trading its securities until the filings are completed, which is expected by May 31, 2024. In the interim, Magnetic North will issue bi-weekly status reports and has confirmed there have been no significant business developments since its last interim report.
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