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Xcyte Digital Corp. ( (TSE:XCYT) ) has issued an announcement.
Xcyte Digital Corp. has changed its financial year end from September 30 to December 31, aligning its reporting calendar with standard practice among public companies and peers in the event technology and digital media sectors. The move is designed to synchronize the company’s reporting cycle with that of its recent acquisitions, all of which have December 31 year-ends, thereby reducing integration work, audit complexity and associated costs, and is expected to create operational efficiencies for its finance and audit teams. To implement the shift, Xcyte will report a one-time 15‑month transition year from October 2024 to December 2025, followed by a standard January-to-December fiscal year from 2026 onward. The company remains in default on required financial filings for the period ended September 30, 2024 and subsequent quarters, and is currently subject to a cease trade order that will remain in place until all outstanding and transition-year filings are completed, underscoring the importance of the new reporting framework for restoring full trading status and regulatory compliance.
More about Xcyte Digital Corp.
Xcyte Digital Corp. is a global events technology provider specializing in next-generation solutions for physical, hybrid, virtual, immersive and phone-based events. Combining proprietary technology with a partner ecosystem, the company offers both self-serve and fully managed services on a multi-platform subscription model to a broad client base ranging from start-ups to large corporations, with headquarters in Canada and the United States and operations worldwide.
Technical Sentiment Signal: Buy
Current Market Cap: C$22.33M
See more data about XCYT stock on TipRanks’ Stock Analysis page.