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Interfield Announces Delisting From Cboe Canada Exchange, Provides Update on Status of Failure-to-File Cease Trade Order and Announces Extension of MOU With Abhi Joint Venture
Globenewswireยท 2025-05-16 14:00
Core Points - Interfield Global Software Inc. has announced the delisting of its common shares from the Cboe Canada Exchange as of May 12, 2025, while remaining a reporting issuer in Alberta, British Columbia, and Ontario, and is working towards listing on the Canadian Securities Exchange [1] - The company is experiencing delays in filing its annual audited financial statements and interim financial reports due to additional time required by auditors, leading to a cease trade order issued by the British Columbia Securities Commission [2][3] - The company is making progress on its joint venture with Abhi Fintech Ltd., with the term of their memorandum of understanding extended until October 31, 2025 [5] Company Overview - Interfield Global Software Inc. operates through its wholly owned subsidiary, Interfield Software Solutions LLC, based in Dubai, U.A.E. [7] - Interfield Solutions provides services across various industrial segments, including oil and gas, mining, and renewables, with two main divisions: E-commerce and Software as a Service [8] - The flagship product of the E-commerce division is Equipment Hound, an industrial equipment marketplace, while the Software as a Service division's flagship product is ToolSuite, a cloud-based data collection and management platform [8] Joint Venture Details - Abhi Fintech Ltd. is recognized as one of the Future 100 companies in the UAE and has received the Technology Pioneer 2023 Award from the World Economic Forum [6] - Abhi offers a range of products and services, including earned wage access, payroll solutions, and SME financing [6]