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Regenx Announces Delay in Filing of Annual Filings and Application for Management Cease Trade Order
Globenewswireยท2025-07-24 23:07

Core Viewpoint - Regenx Tech Corp. is facing delays in filing its annual financial statements due to payment issues with its auditor, which has led to the need for a management cease trade order application to the Alberta Securities Commission [1][2][3] Group 1: Filing Delays - The Corporation will not meet the July 29, 2025 deadline for its Annual Filings due to delays in auditor payment [1] - Regenx expects to file the Annual Filings by September 29, 2025, and will issue a news release upon completion [3] - The delay in filing is attributed to the inability to pay the auditor, which has hindered the completion of the audit [1][3] Group 2: Management Cease Trade Order - In response to the filing delay, the Corporation has applied for a management cease trade order (MCTO) to prevent management from trading securities until the filings are completed [2] - The Alberta Securities Commission has not yet made a decision on the MCTO application, which could lead to an issuer cease trade order if filings are not timely [2] Group 3: Compliance and Reporting - Until the Annual Filings are submitted, the Corporation will adhere to alternative information guidelines, including bi-weekly default status reports [3] - Management and insiders are subject to an insider trading blackout policy during this period [4] Group 4: Company Overview - Regenx Tech is a cleantech company focused on recycling end-of-life diesel catalytic converters using proprietary technology to recover precious metals [5]