XTM (TSE:PAID) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into TSE:PAID stock, check out TipRanks’ Stock Analysis page.