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Tenet Announces Update to OSC Disclosure Record Review and Partial Revocation Application of Failure to File Cease Trade Order
TMX Newsfile· 2026-02-04 00:00
Core Viewpoint - Tenet Fintech Group Inc. is currently facing a cease trade order (FFCTO) from the Ontario Securities Commission due to delays in filing its annual financial statements and related disclosures for the year ended December 31, 2024, and is working towards resolving this issue [1] Group 1: Company Update - The FFCTO was issued on May 7, 2025, due to the company's failure to file required annual financial statements and certifications [1] - The company filed the overdue annual financial statements on October 1, 2025, and submitted a full revocation application to the OSC on October 6, 2025 [1] - The company has agreed to refile certain past management discussion & analysis (MD&As) that were deemed deficient, with expectations to complete these filings at the end of the review process [1] Group 2: Financial Actions - While awaiting the review of the full revocation application, the company submitted a partial revocation application to allow for a private placement financing to maintain operations [2] - The proposed private placement aims to sell up to 52 million common shares at a price of $0.05 per share, potentially raising up to $2.6 million [3] - There is no guarantee that the partial revocation application will be approved or that the private placement will be completed as planned [3] Group 3: Future Plans - The company intends to issue a news release upon approval of the full revocation, after which it will apply for reinstatement of trading of its securities on the Canadian Securities Exchange [4]
Tenet Reports Third Quarter 2025 Financial Results
Newsfile· 2025-11-29 00:45
Core Insights - Tenet Fintech Group Inc. reported a revenue of $237,350 and a net loss of $3,585,179 for Q3 2025, indicating ongoing financial challenges [1][6]. Financial Performance - Total revenue for Q3 2025 was $237.35 thousand, with a net loss of $3.59 million and cash flow from operations at -$5.77 million [6]. - The financial results reflect a need for improved operational efficiency and revenue generation strategies [1][6]. Operational Highlights - Major enhancements were made to the Networking and Insights modules of the Cubeler® Business Development Platform, including new features for business opportunity postings and daily customizable news articles [6]. - The Cubeler.com website was redesigned to better showcase the platform's capabilities, emphasizing networking and insights functionalities [6]. - An AI-powered data standardization application was introduced to unify data across various accounting software systems, enhancing support for small and medium enterprises (SMEs) in North America [6]. Corporate Developments - A new custodian agreement was established with Jiangsu Shenque Law Firm for the management of corporate chops in China, replacing a previous arrangement with MHP Law Firm [3]. - This agreement is crucial for the officialization of purchase orders, contracts, and other documents for the subsidiary and its affiliated entities [3]. Future Outlook - The CEO will address shareholder questions regarding Q3 2025 results and the business plan for the remainder of 2025 in an upcoming Q&A session [4].
Tenet Fintech Group Inc. (PKKFF) Shareholder/Analyst Call Transcript
Seeking Alpha· 2025-11-07 07:56
Group 1 - The meeting is led by Johnson Joseph, the CEO of Tenet Fintech Group, with key executives present [1] - Cathy Hume will moderate the Q&A session, focusing on the approved agenda [2] - Only registered shareholders and appointed proxy holders are eligible to vote, with voting conducted by show of hands unless a secret ballot is requested [3] Group 2 - A statement regarding the company's operational outlook for the remainder of the year will be made after the meeting [2] - There will be a brief update on the progress with the Ontario Securities Commission concerning the cease trade order on the company's securities [2]
Tenet Publishes Q4-2024, Q1-2025 and Q2-2025 Financial Results Q&A Transcript
Newsfile· 2025-10-10 20:15
Core Insights - Tenet Fintech Group Inc. has published a transcript of a Q&A interview with CEO Johnson Joseph regarding the company's financial results for Q4 2024 and Q1-Q2 2025 [1] Company Overview - Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies [2] - The subsidiaries of Tenet provide various analytics and AI-based products and services to businesses, capital markets professionals, government agencies, and financial institutions [2] - The Cubeler Business Development Platform is a global platform utilized by Tenet to leverage data for creating opportunities and facilitating B2B transactions among its members [2]
Tenet Announces Arrangements to Address Mailing Delays Resulting from Canada Post Strike
Newsfile· 2025-10-10 18:50
Core Points - Tenet Fintech Group Inc. is utilizing a temporary exemption from the Canadian Securities Administrators to send proxy-related materials electronically due to postal service delays [1][4] - Shareholders can access proxy-related materials on the company's website and SEDAR+ [2] - The company has scheduled a hybrid meeting for November 6, 2025, at 10:00 a.m. (EST) [5] Company Overview - Tenet Fintech Group Inc. operates as a parent company for a group of financial technology and artificial intelligence companies, leveraging data from the Cubeler Business Development Platform [5] - The platform facilitates B2B transactions and analytics services for various sectors including businesses, capital markets, and government agencies [5]
Tenet Provides Update on Cease Trade Order
Newsfile· 2025-10-08 20:37
Core Viewpoint - Tenet Fintech Group Inc. has filed an application to revoke the failure to file cease trade order (FFCTO) issued by the Ontario Securities Commission on May 7, 2025, and is awaiting processing of this application [1]. Group 1: Company Overview - Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies [2]. - The subsidiaries of Tenet provide various analytics and AI-based products and services to businesses, capital markets professionals, government agencies, and financial institutions [2]. - The Cubeler Business Development Platform is utilized by Tenet to leverage data for creating opportunities and facilitating B2B transactions among its members [2]. Group 2: Recent Developments - The application to revoke the FFCTO was filed on October 7, 2025, and no specific timeline for completion has been provided [1]. - Once the FFCTO is revoked, the company plans to issue a news release and apply for reinstatement of trading of its securities on the Canadian Securities Exchange [1].
Tenet Reports Second Quarter 2025 Financial Results
Newsfile· 2025-10-06 15:31
Core Insights - Tenet Fintech Group Inc. reported a revenue of $433,570 and a net loss of $1,842,869 for Q2 2025, indicating ongoing financial challenges [1][6]. Financial Performance - Total revenue for Q2 2025 was $433.57 thousand, with a net loss of $1.84 million [6]. - Cash flow from operations was negative at -$828.93 thousand [6]. Operational Highlights - The company created a wholly owned subsidiary, Cubeler Inc., in Delaware to operate the Cubeler® Business Development Platform in the U.S. [6]. - Tenet entered into a referral agreement with NewCo Capital Group to enhance financing options for members of the Cubeler® platform [6]. - Improvements were made to the Cubeler® platform, including a redesign of the Networking module and the addition of a new bookkeeper admin panel [6]. Future Outlook - Tenet's CEO will address shareholder questions regarding Q2 2025 results and the business plan for the remainder of 2025 in an upcoming Q&A session [3].
Tenet Reports First Quarter 2025 Financial Results
Newsfile· 2025-10-06 15:09
Core Insights - Tenet Fintech Group Inc. reported a revenue of $179,161 and a net loss of $3,372,597 for Q1 2025 [1][5] - The company has made significant strides in partnerships and product offerings during the quarter [5] Q1-2025 Key Financial Figures - Total revenue for Q1 2025 was $179.16 thousand [5] - The net loss for the quarter amounted to $3.37 million [5] - Cash flow from operations was negative at -$1.21 million [5] Q1-2025 Operating Highlights - Tenet signed a strategic partnership agreement with Bankeo, which connects businesses with over 1,500 accounting professionals [5] - Launched a limited version of the ie-Pulse macroeconomic data index with the "Canada Professional, Scientific and Technical Services Sales Index" [5] - Closed a non-brokered private placement financing for gross proceeds of $3,649,167 [5] - Welcomed Uncapped Technologies Inc. to the Cubeler® Business Development Platform, enhancing lending capabilities across North America [5] - Established strategic partnerships with three new accounting and bookkeeping service providers servicing SMEs in major North American cities [5] Future Outlook - Tenet's CEO will address shareholder questions regarding Q1 2025 results and the business plan for the remainder of 2025 in an upcoming Q&A session [3]
Tenet Reports Year-End 2024 Financial Results
Newsfile· 2025-10-02 01:05
Core Insights - Tenet Fintech Group Inc. reported a revenue of $2.84 million for the year ended December 31, 2024, a significant decrease from $42.08 million in 2023, alongside a net loss of $59.26 million, which included an expected credit loss provision of $32.39 million [1][5] - The company experienced negative cash flow from operations amounting to $6.92 million in 2024, compared to negative $3.91 million in 2023 [1][5] - Tenet is in a transition period that began in 2023, with expectations to demonstrate long-term benefits by the end of 2025 through the commercialization of its first data-derived product and reactivation of platforms in China [2] Financial Performance - Total revenue for 2024 was reported at $2.84 million, a decline from $42.08 million in 2023 [1][5] - The net loss for the year was $59.26 million, with $32.39 million attributed to expected credit loss provisions [1][5] - Cash flow from operations was negative at $6.92 million, worsening from negative $3.91 million in the previous year [1][5] Operational Highlights - The company achieved several operational milestones in Q4 2024, including enhancements to the Cubeler® Business Development Platform and strategic partnerships aimed at improving data acquisition and service offerings [6] - Tenet launched its Cubeler® Business Development Platform in the U.S. and initiated the commercialization of its first data-derived products in North America [6] - The company aims to return to an annual revenue run-rate of over $100 million by reactivating platforms in China and leveraging contributions from North American data-derived products [6] Future Outlook - Tenet's operational objectives for 2025 include further development of its platforms and products, with a focus on cross-border communications and business opportunities [3][6] - The CEO will address shareholder questions regarding the 2024 financial results and the business plan for the remainder of 2025 in an upcoming Q&A session [4]
Tenet Updates Investor Presentation
Newsfile· 2025-09-02 23:43
Group 1 - Tenet Fintech Group Inc. has updated its investor presentation at the request of OSC staff, removing forward-looking information regarding forecasted revenue, EBITDA, and market penetration rates for its ie-Pulse and Equity Insider products [1] - As of the date of the news release, neither ie-Pulse nor Equity Insider has generated any revenue for the company [1] - The revised investor presentation is available for download on the company's website [1] Group 2 - Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology and artificial intelligence companies [2] - The subsidiaries of Tenet offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies, and financial institutions [2] - The Cubeler® Business Hub serves as a global ecosystem where analytics and AI facilitate B2B transactions among its members [2]