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Aja Health And Wellness Inc. Provides Update on Delay in Filing Financial Statements
Globenewswire· 2025-09-12 23:34
Core Viewpoint - Aja Health and Wellness Inc. is working towards filing its annual audited financial statements for the year ending December 31, 2024, and its unaudited interim financial statements for the three months ended March 31, 2025, after facing delays due to a reverse takeover transaction [2][3]. Group 1: Financial Filings - The Alberta Securities Commission issued a Failure-to-File Cease Trade Order (FFCTO) on August 1, 2025, due to the company's inability to meet filing deadlines for the Annual and Interim Filings [2]. - The delay in filing the Annual Filings is attributed to the need for a valuation of the purchase price allocation related to the reverse takeover transaction that closed on September 17, 2024 [3]. - The company expects to finalize the Annual Filings by September 30, 2025, pending the completion of the valuation [3][4]. Group 2: Future Expectations - Aja anticipates that the FFCTO will remain in effect until the Annual and Interim Filings are submitted [4]. - The company is actively working to complete the Interim Filings and aims to file them by September 30, 2025 [4].
Aja Health and Wellness Inc. Provides Update on Delay in Filing Financial Statements and Implementation of Cease Trade Order
Globenewswire· 2025-08-08 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].
Aja Health and Wellness Inc. Provides Update on Delay in Filing Financial Statements
Globenewswire· 2025-06-10 22:10
Core Viewpoint - Aja Health and Wellness Inc. is nearing the completion of its annual audited financial statements for the year ending December 31, 2024, following a delay caused by the need for a valuation related to a reverse takeover transaction [2][3]. Group 1: Financial Filing Updates - The Alberta Securities Commission issued a management cease trade order (MCTO) on May 6, 2025, due to Aja's inability to file the Required Annual Filings by the April 30, 2025 deadline [2][4]. - Aja has retained a valuator to complete the necessary valuation for the financial statements, which is expected to be completed by July 4, 2025, with the Required Annual Filings anticipated to be submitted by July 31, 2025 [3]. - The MCTO will remain in effect until two full business days after the Required Annual Filings are filed, restricting trading by executive officers but allowing regular trading by other investors [4]. Group 2: Interim Financial Statements - Due to the delay in filing the Required Annual Filings, Aja was also unable to file its unaudited interim financial statements for the three months ended March 31, 2025, by the May 30, 2025 deadline [6]. - Aja is working to complete the Interim Filings and expects to file them concurrently with the Required Annual Filings [6].