QSE Announces Management Cease Trade Order
TMX Newsfile·2026-01-30 05:23

Core Viewpoint - Quantum Secure Encryption Corp. has applied for a temporary management case trade order (MCTO) due to delays in filing its audited financial statements for the year ended September 30, 2025, which are required by the British Columbia Securities Commission [1][2]. Group 1: MCTO Details - The MCTO prohibits trading of the company's securities by the Chief Executive Officer and Chief Financial Officer until the required filings are completed and the MCTO is lifted [1]. - The MCTO was granted on January 29, 2026, and will remain in effect until the required filings are submitted [1][3]. - During the MCTO period, the general public can still trade the company's listed securities, but all management, officers, and directors are prohibited from trading [3]. Group 2: Filing Delays - The company anticipates that it will remedy the default by filing the required documents before March 28, 2026 [2][3]. - The delay in filing is attributed to the progress of the audit, which has not been completed on time [3]. Group 3: Compliance and Information Guidelines - The company intends to comply with the alternative information guidelines set out in sections 9 and 10 of NP-12-203 while the required filings are outstanding [4].