XTM (TSE:PAID) has released an update.
XTM Inc. has announced a delay in filing its annual audited financial statements and related documents for 2023, resulting in a management cease trade order (MCTO) by the OSC that restricts its CEO and CFO from trading company securities. Despite the delay, caused by extended audit procedures and a quality review, the company reassures shareholders that other trades are unaffected and that it is working to resolve the issue as swiftly as possible. Additionally, XTM commits to providing bi-weekly updates on its progress until the situation is rectified.
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