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An update from Reeflex Solutions Inc. ( (TSE:RFX) ) is now available.
Reeflex Solutions Inc. has provided an update on its previously announced management cease trade order, which was imposed after the company failed to file its audited annual financial statements, related MD&A and certifications for the year ended August 31, 2025, by the regulatory deadline. The delay stems from the complex transition from a private family-owned business to an IFRS-compliant public company via a reverse takeover and the acquisition of Coil Solutions Inc., which has necessitated restating prior interim filings and has extended the time required to complete the year-end audit. Reeflex now expects that both its overdue annual filings, the restatement of its third-quarter 2025 filings, and its first-quarter 2026 interim filings will likely be completed by on or before February 19, 2026, subject to approval from the Alberta Securities Commission. While the management cease trade order restricts trading by the CEO and CFO, public trading in Reeflex’s shares remains unaffected, and the company says it is not subject to insolvency proceedings and has engaged additional resources to finalize the outstanding filings.
More about Reeflex Solutions Inc.
Reeflex Solutions Inc. is a Canadian engineering and manufacturing company that serves multiple industrial sectors. Through its wholly owned subsidiary Coil Solutions Inc., it supplies coiled tubing injectors and downhole tools to the oil and gas industry, while its Ranglar Manufacturing division designs and builds custom mobile equipment for a broad range of industrial applications.
Average Trading Volume: 21,890
Technical Sentiment Signal: Buy
Current Market Cap: C$1.43M
For a thorough assessment of RFX stock, go to TipRanks’ Stock Analysis page.