Aja Health and Wellness Inc. Announces Update on Application for Management Cease Trade Order

Core Viewpoint - Aja Health and Wellness Inc. has filed an amended application for a management cease trade order (MCTO) due to anticipated delays in filing its annual audited financial statements for the year ending December 31, 2024 [2][3]. Group 1: Management Cease Trade Order (MCTO) - The MCTO is sought because the company expects to miss the April 30, 2025 filing deadline for its Required Annual Filings, which include annual audited financial statements and related management discussions [3]. - The delay is primarily due to the company's auditor seeking guidance on the accounting characterization of a reverse takeover transaction that closed on September 17, 2024, which may significantly impact the Required Annual Filings [3]. - The MCTO will restrict trading in the company's securities by executive officers until the Required Annual Filings are submitted, but regular trading by other investors will continue as normal [4]. Group 2: Filing Timeline and Compliance - Aja expects to file the Required Annual Filings on or before June 13, 2025 [3]. - Until the Required Annual Filings are submitted, the company will adhere to the Alternative Information Guidelines as outlined in National Policy 12-203 [5]. - As of the date of the news release, there are no insolvency proceedings against the company, and no material business developments have occurred since the last interim financial report [5].