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Longhorn Exploration Corp ( (TSE:PWH) ) has provided an update.
PureWave Hydrogen Corp. has applied to the Alberta Securities Commission for a temporary management cease trade order after warning it will miss the December 29, 2025 deadline to file its audited annual financial statements and related disclosures for the year ended August 31, 2025, due to a funding shortfall that has delayed completion of its audit. While no insolvency proceedings are underway and trading by non-insiders will continue if the order is granted, the company aims to remedy the default by late February 2026 and has launched a non-brokered private placement of up to $300,000 at $0.025 per unit—each unit comprising a share and half warrant—to fund working capital, pay outstanding audit fees and restore its financial reporting compliance, subject to TSX Venture Exchange approval.
More about Longhorn Exploration Corp
PureWave Hydrogen Corp. is a Calgary-based company listed on the TSX Venture Exchange, operating in the clean energy sector with a focus on hydrogen-related technologies. The company raises funding through equity financings and relies on public markets to support its ongoing operations and corporate development activities.
Average Trading Volume: 147,267
Technical Sentiment Signal: Sell
For a thorough assessment of PWH stock, go to TipRanks’ Stock Analysis page.