Magnetic North Acquisition Corp. Announces Cease Trade Order

Core Points - Magnetic North Acquisition Corp. has received a cease trade order from the Alberta Securities Commission due to the failure to file audited annual financial statements for the year ended December 31, 2024, and interim financial statements for the three-month period ended March 31, 2025 [1][2] - The cease trade order prohibits trading or purchasing of Magnetic North's securities in Canada, with exceptions for certain beneficial securityholders under specific conditions [2] - The company has confirmed that there is no other material information regarding its affairs that has not been disclosed [3] Company Overview - Magnetic North Acquisition Corp. invests and manages businesses on behalf of its shareholders, emphasizing that capital alone does not guarantee success [4] - The company operates offices in Calgary and Toronto, leveraging management, operations, and capital markets expertise to enhance the success of its investee companies [4] - Magnetic North's common and preferred shares are traded on the TSX Venture Exchange under the symbols MNC and MNC.PR.A, respectively [4]