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Aja Health and Wellness Inc. Provides Update on Delay in Filing Financial Statements and Implementation of Cease Trade Order
Globenewswireยท2025-08-08 22:28

Core Viewpoint - Aja Health and Wellness Inc. has had its management cease trade order revoked by the Alberta Securities Commission, allowing trading of its securities to resume [2][3]. Group 1: Management Cease Trade Order - The Alberta Securities Commission issued a Failure-to-File Cease Trade Order (FFCTO) on August 1, 2025, due to the delayed filing of the Company's annual audited financial statements for the year ending December 31, 2024, and interim financial statements for the three months ended March 31, 2025 [3][4]. - The Company anticipates that the FFCTO will remain in effect until the required Annual and Interim Filings are submitted [4]. Group 2: Annual Filings Update - The delay in filing the Annual Filings is attributed to the need for a valuation of the purchase price allocation related to a reverse takeover transaction that closed on September 17, 2024 [5]. - The valuator is expected to finalize the valuation by August 15, 2025, after which the auditors will work to complete the audited financial statements for the year ending December 31, 2024 [5]. - The Company aims to file the Annual Filings by August 29, 2025 [5]. Group 3: Interim Filings Update - Due to the delay in the Annual Filings, Aja is also unable to file its Interim Filings [6]. - The Company is working to complete the Interim Filings and expects to file them by August 29, 2025 [6].