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Stardust Solar Faces Management Cease Trade Order Amid Financial Filing Delays

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Stardust Solar Faces Management 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 company’s delay in filing its audited annual financial statements for the year ended December 31, 2024. The MCTO restricts trading by the company’s CEO and CFO until the required documents are filed, but does not affect other shareholders. The company is actively working to complete the filings and will issue bi-weekly updates until the situation is resolved.

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 its franchisees with a range of services from marketing to project management, helping entrepreneurs enter the renewable energy industry.

Average Trading Volume: 58,690

Technical Sentiment Signal: Sell

Current Market Cap: C$5.53M

For detailed information about SUN stock, go to TipRanks’ Stock Analysis page.

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