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Xcyte Digital Corp. ( (TSE:XCYT) ) just unveiled an update.
Xcyte Digital Corp. has been granted a management cease trade order by the Ontario Securities Commission due to delays in filing its audited annual financial statements, following its Qualifying Transaction in 2023 and recent acquisitions. The delay is attributed to the complexity of the audit and recent changes in management, including the appointment of a new CFO. The company expects to complete the filings by February 24, 2025, and the order limits trading by the company’s management but not its shareholders.
More about Xcyte Digital Corp.
Xcyte Digital Corp. is a global events technology company that specializes in next-generation technology for various event types including physical, hybrid, virtual, immersive, and phone-based events. They offer both do-it-yourself and managed services, delivering secure and scalable solutions worldwide. The company serves a diverse client base ranging from startups to major corporations, offering a multi-platform subscription model. Xcyte Digital is headquartered in Canada and the USA with global operations.
YTD Price Performance: 33.33%
Average Trading Volume: 25,773
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$13.74M
For an in-depth examination of XCYT stock, go to TipRanks’ Stock Analysis page.