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The latest announcement is out from Reeflex Solutions Inc. ( (TSE:RFX) ).
Reeflex Solutions Inc. has been granted a management cease trade order by the Alberta Securities Commission after failing to file its audited annual financial statements and related disclosures for the year ended August 31, 2025, by the prescribed deadline. The delay stems from the company’s transition from a private family-owned business to a public IFRS-compliant issuer following a reverse takeover and the acquisition of Coil Solutions Inc., which necessitated restating its third-quarter filings and has lengthened the year-end audit process. The order restricts trading only by Reeflex’s CEO and CFO, leaving trading in its shares by the broader investing public unaffected, and the company expects to complete the required annual and restated quarterly filings around January 29, 2025, while committing to bi-weekly status updates and confirming it is not subject to insolvency proceedings or other undisclosed material issues.
More about Reeflex Solutions Inc.
Reeflex Solutions Inc. is a Canadian engineering and manufacturing company that operates through its wholly owned subsidiary Coil Solutions Inc., which supplies coiled tubing injectors and downhole tools to the oil and gas sector, and through Ranglar Manufacturing, which designs and builds custom mobile equipment for a range of industrial applications.
Average Trading Volume: 23,516
Technical Sentiment Signal: Buy
Current Market Cap: C$1.53M
For a thorough assessment of RFX stock, go to TipRanks’ Stock Analysis page.