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Stardust Solar Faces Cease Trade Order Amid Financial Filing Delays

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Stardust Solar Faces Cease Trade Order Amid Financial Filing Delays

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Stardust Solar Energy Inc. ( (TSE:SUN) ) has shared an update.

Stardust Solar Energy Inc. announced that its principal regulator, the British Columbia Securities Commission, has granted a management cease trade order (MCTO) due to the delay in filing its audited annual financial statements for the year ended December 31, 2024. This order restricts the company’s CEO and CFO from trading the company’s securities until the necessary documents are filed, though it does not affect other shareholders. The company is actively working to complete the filings and will issue bi-weekly updates until compliance is achieved.

More about Stardust Solar Energy Inc.

Stardust Solar Energy Inc. is a North American franchisor specializing in renewable energy installation services, including solar panels, energy storage systems, and electric vehicle supply equipment. The company supports franchisees with marketing, sales, engineering, and project management services, focusing on both residential and commercial clean energy systems.

Average Trading Volume: 57,547

Technical Sentiment Signal: Sell

Current Market Cap: C$6.81M

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

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