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Pegasus Mercantile Provides Update on MCTO Status Amid Filing Delays

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Pegasus Mercantile Provides Update on MCTO Status Amid Filing Delays

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Pegasus Mercantile ( (TSE:LOAN) ) has shared an announcement.

Pegasus Mercantile Inc. has announced an update regarding its Management Cease Trade Order (MCTO) status due to a delay in filing its annual financial statements for the year ended September 30, 2024. The company is committed to complying with the alternative information guidelines under National Policy 12-203 by issuing bi-weekly default status reports until the required documents are filed. The management and audit committee are actively working with auditors to resolve the issue, ensuring transparency and adherence to regulatory requirements.

More about Pegasus Mercantile

Pegasus Mercantile Inc. is a prospect generator that assists high growth companies by providing technology, financial, operational, and management support in the rapidly expanding market for global wellness products and novel consumer goods and services.

YTD Price Performance: -73.75%

Average Trading Volume: 26,101

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $1.61M

See more insights into LOAN stock on TipRanks’ Stock Analysis page.

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