PowerBand Solutions provides bi-weekly MCTO status update

PowerBand Solutions is providing a bi-weekly status update in accordance with the National Policy 12-203 – Management Cease Trade Orders. As previously announced on April 16, 2024, the Company applied for the MCTO due to a delay in the filing of the audited consolidated financial statements for the year ended December 31, 2023, annual management’s discussion and analysis for the same period and management certifications of annual filings. The MCTO was granted by the Ontario Securities Commission on April 30, 2024. Rhe Company completed the Filings on June 14, 2024, and the unaudited interim financial statements, related management’s discussion and analysis and CEO and CFO certifications for the period ended March 31, 2024, was filed on June 24, 2024, and copies are available under the Company’s profile at SEDAR+. The Company anticipates that the MCTO will be lifted on June 26, 2024. The MCTO restricts the Company’s CEO and CFO from trading in the Company’s securities but does not affect the ability of other shareholders, including the public, to trade in securities of the Company.