Wellfield Technologies Inc. Announces Potential Delay in Annual Filings and Application for Management Cease Trade Order

Core Viewpoint - Wellfield Technologies Inc. has announced a potential delay in its annual filings for the financial year ended March 31, 2025, and is applying for a temporary management cease trade order (MCTO) to manage the situation [1][2][3]. Group 1: Annual Filings Delay - The company anticipates it may not complete its annual filings, which include audited financial statements and management's discussion and analysis, by the July 29, 2025 deadline [2]. - The delay is attributed to several factors, including the ongoing spin-off of Tradewind Markets Inc., geopolitical events affecting staffing, misalignment with the auditor, and the recent appointment of a new Chief Financial Officer [3]. Group 2: Management Cease Trade Order (MCTO) - The company is applying for an MCTO, which, if granted, will restrict trading in its securities by certain insiders but will not affect other parties [1][3]. - The company aims to remedy any filing default and return to compliance by completing the annual filings on or before August 31, 2025 [4]. Group 3: Company Overview - Wellfield Technologies, Inc. is a fintech company specializing in blockchain technology solutions, with its platform Coinmama serving over 3.5 million registered users across 180 countries [6]. - The company also operates the Tradewind Markets platform, which digitizes and trades real-world assets, including VaultChain™ Gold and VaultChain™ Silver products [6].