XTM (TSE:PAID) has released an update.
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XTM Inc. has been hit with a cease trade order due to their failure to file the required annual and interim financial documents on time. The Ontario Securities Commission issued the order, which halts all trading of XTM’s securities in Canada, but the company is not facing insolvency and is actively working to resolve the compliance issues. In the meantime, XTM continues to focus on growing its Earned Wage Access and Canadian digital earnings businesses, aiming for cash-flow neutrality and reduced dependence on external financing.
For further insights into TSE:PAID stock, check out TipRanks’ Stock Analysis page.