Core Viewpoint - Reeflex Solutions Inc. has received a management cease trade order (MCTO) from the Alberta Securities Commission due to the inability to file its audited annual financial statements by the required deadline [1][2]. Group 1: Management Cease Trade Order (MCTO) - The MCTO restricts the Company's CEO and CFO from trading in the Company's securities until the Annual Filings are completed, but it does not affect the general investing public's ability to trade [2]. - The Company applied for the MCTO because it could not file its audited annual financial statements, management's discussion and analysis, and related CEO and CFO certifications for the financial year ended August 31, 2025, by the deadline of December 29, 2025 [2]. Group 2: Transition and Audit Challenges - The Company transitioned from a private, family-owned business to a public company through a reverse takeover transaction on May 16, 2025, and acquired Coil Solutions Inc. on May 15, 2025 [3]. - The year-end was changed from December 31, 2025, to August 31, 2025, to align with its operating subsidiary, CSI [3]. - The new auditor, MNP LLP, indicated that the interim financial statements for the quarter ended May 31, 2025, need to be restated to reflect CSI's results from the acquisition date, which has delayed the audit of the year-end results and the preparation of the Annual Filings [3]. Group 3: Filing Expectations and Compliance - The Company is working diligently to complete the Annual Filings and the restatement of its Q3 Filings, expecting to finalize these by approximately January 29, 2025 [4]. - The Company will issue bi-weekly status reports as required under NP 12-203 until the Annual Filings are completed [4]. - As of the announcement date, the Company confirms no material changes regarding the default, no failures in fulfilling stated intentions, and no other specified defaults under NP 12-203 [5]. Group 4: Company Overview - Reeflex Solutions Inc. provides advanced engineering and manufacturing solutions across various sectors, including coiled tubing injectors and downhole tools for the oil and gas industry through its subsidiary, Coil Solutions Inc. [6].

Key Takeaways BTE sold its Eagle Ford assets for $2.3B, using proceeds to cut debt and simplify its capital structure.Lower interest costs and leaner spending help BTE generate cash flow at reduced oil price levels.BTE's heavy oil assets offer durable cash flow, supporting a Strong Buy rating despite near-term headwinds.Baytex Energy Corp. (BTE) has taken a decisive step by selling its Eagle Ford assets for $2.3 billion, fundamentally reshaping its capital structure. Management plans to direct the bulk of p ...

Core Viewpoint - Reeflex Solutions Inc. is unable to meet the December 29, 2025 filing deadline for its audited annual financial statements due to the complexity of transitioning to an IFRS-compliant public company following a reverse takeover and acquisition [1][2] Group 1: Filing Delays and Restatements - The company intends to restate its interim financial statements for the quarter ended May 31, 2025, to reflect results only from the acquisition date of May 15, 2025, in accordance with IFRS [2] - The timeline for completing the audit and preparing the annual filings has been extended due to first-time public company audit requirements [2][3] Group 2: Management Cease Trade Order (MCTO) - The company has applied for a Management Cease Trade Order (MCTO) from the Alberta Securities Commission, which would restrict the CEO and CFO from trading in the company's securities until the required filings are made [4] - The MCTO will not affect the general investing public's ability to trade in the company's common shares [4] Group 3: Operational Performance - The restatement of the Q3 filings is technical and does not impact the company's core operations, customer relationships, or business momentum [6] - The company continues to execute on manufacturing and international growth initiatives, including receiving $2.6 million in purchase orders for products in Saudi Arabia and a $3.4 million contract for product design and manufacturing [6]

Core Points - Reeflex Solutions Inc. has successfully continued its operations from Ontario to Alberta under the Business Corporations Act (Alberta) [1] - Shareholders approved the continuance during the Annual and Special Meeting held on August 29, 2025 [1] - The company has updated its articles and bylaws in accordance with the ABCA, while the CUSIP/ISIN numbers and stock symbol remain unchanged [2] - The TSX Venture Exchange has granted final approval for the continuance [2] Company Overview - Reeflex Solutions Inc. is a Canadian company providing advanced engineering and manufacturing solutions across various sectors [3] - The company operates through its subsidiary, Coil Solutions Inc., which offers coiled tubing injectors and downhole tools for the oil and gas industry [3] - The manufacturing division, Ranglar Manufacturing, specializes in custom-designed mobile equipment for diverse industrial applications [3]

Core Points - Reeflex Solutions Inc. has entered into an exclusive distribution agreement with Roch IB Corp. for the marketing and sale of its products in South America [1][2] - The agreement grants Roch IB the exclusive rights to market and sell downhole tools, coiled tubing injectors, associated equipment, and mobile coiled tubing units [2] - The initial term of the agreement is 12 months, with automatic renewals for successive 24-month periods unless terminated by either party [2][3] - There are no minimum purchase obligations in the agreement, and products will be supplied under CSI's standard terms of sale [3] - The agreement allows for termination by either party under specific conditions, including breach or insolvency [4] Company Information - Reeflex Solutions Inc. is a public company providing advanced engineering and manufacturing solutions across various industry sectors, particularly in the oil and gas sector through its subsidiary Coil Solutions Inc. [6] - Coil Solutions Inc. specializes in coil tubing injectors and downhole tools, while the manufacturing division, Ranglar Manufacturing, focuses on custom-designed mobile equipment for industrial applications [6] - Roch IB Corp. is a privately-held Canadian company with interests in real estate, oil and gas, and sustainable energy, operating in both Canadian and international markets [5]

Core Points - Reeflex Solutions Inc. held its Annual General and Special Meeting of Shareholders on August 29, 2025, with 30,783,820 common shares voted, representing approximately 66.3% of the outstanding shares [2][5] - All matters proposed in the Management Information Circular dated July 18, 2025, were approved by shareholders, including the election of directors and the appointment of auditors [2][5] - The election results for the directors showed overwhelming support, with all nominees receiving over 99.9% of votes in favor [2][5] Company Overview - Reeflex Solutions Inc. is a public company that provides advanced engineering and manufacturing solutions across various industries [3] - The company operates through its subsidiary, Coil Solutions Inc., which specializes in coil tubing injectors and downhole tools for the oil and gas sector [3] - The manufacturing division, Ranglar Manufacturing, focuses on custom-designed mobile equipment for a wide range of industrial applications [3]

Core Points - Reeflex Solutions Inc. has launched a new corporate website and updated investor presentation to enhance transparency and engagement with investors and stakeholders [1][4] - The new website serves as a centralized platform for information on the company's operations, management, corporate governance, and growth strategy [2] - The investor presentation outlines the company's business model, growth opportunities, and strategic priorities [3] Company Overview - Reeflex is a public company that provides advanced engineering and manufacturing solutions across various industry sectors [5] - The company operates through its wholly-owned subsidiary, Coil Solutions Inc., which offers coil tubing injectors and downhole tools for the oil and gas sector [5] - The manufacturing division, Ranglar Manufacturing, specializes in custom-designed mobile equipment for a wide range of industrial applications [5]

Core Viewpoint - Reeflex Solutions Inc. reported improved operating results in the third quarter of fiscal 2025, indicating a recovery in customer purchasing activity after a challenging first half due to deferred capital spending [3][6]. Financial Summary - Revenue for the three months ended May 31, 2025, was $3.3 million, a decrease of 13.2% from $3.8 million in the same period of fiscal 2024 [4]. - Gross profit for the same period was $1.7 million, down from $1.9 million year-over-year [4]. - Adjusted EBITDA was $0.4 million, compared to $0.6 million in the same quarter of the previous year [4]. - The net loss for the three months was $3.2 million, which included a one-time non-cash listing expense of $3.4 million; excluding this, the normalized net income would be $0.3 million [7]. - For the nine months ended May 31, 2025, revenue totaled $8.9 million, down from $12.8 million in the same period of fiscal 2024 [4]. Recent Developments - The company completed a reverse take-over of Bigstack Opportunities I Inc. and began trading on the TSX Venture Exchange under the symbol "RFX" [8][10]. - A $1.5 million credit facility was finalized with the Royal Bank of Canada, enhancing the company's financial position [8]. - The company reported positive working capital of $3.9 million as of May 31, 2025, with minimal bank debt [7]. Market Position and Strategy - Reeflex has an installed base of over 172 coiled tubing injectors, which provides a predictable stream of annual parts and service revenue, positioning the company to benefit from sustained activity in the energy sector [6]. - The company is optimistic about continued recovery in customer demand and plans to invest in new market opportunities, product enhancements, and operational efficiencies [9].

Core Points - Reeflex Solutions Inc. has entered into a credit agreement with the Royal Bank of Canada to support its growth and operational flexibility [1][3] - The credit facilities include a $1 million revolving demand facility and a $500,000 revolving term facility [2] - The financing is seen as a vote of confidence in the company's business model and management team [3] Credit Facilities Details - The revolving demand facility bears interest at the Royal Bank Prime Rate + 1.25% [2] - The revolving term facility consists of variable and fixed rate term loans with terms up to 72 months [2] - Specific repayment terms will be agreed upon at the time of drawdown [2] Security and Obligations - The credit agreement is secured by a General Security Agreement and a personal guarantee from an officer and director of the company [3] - It includes standard financial reporting obligations and customary fees such as an annual renewal fee, arrangement fee, and monthly management fee [4] Company Overview - Reeflex is a public company providing advanced engineering and manufacturing solutions across various industry sectors [5] - Through its subsidiary, Coil Solutions Inc., the company offers coil tubing injectors and downhole tools for the oil and gas sector [5] - The manufacturing division, Ranglar Manufacturing, specializes in custom-designed mobile equipment for a wide range of industrial applications [5]

Company Overview - Reeflex Solutions Inc. is a public company that provides advanced engineering and manufacturing solutions across various industry sectors, particularly in the oil and gas sector through its subsidiary Coil Solutions Inc. [5] - The manufacturing division, Ranglar Manufacturing, specializes in custom-designed mobile equipment for a wide range of industrial applications [5] Market-Making Agreement - Reeflex has entered into an agreement with Ventum Financial Corp. to provide market-making services, subject to TSX Venture Exchange approval [1] - Ventum will receive a compensation of CAD$5,000 per month, payable in advance, for an initial term of three months, with automatic renewal for additional one-month terms unless terminated [2] - The agreement can be terminated by either party with 30 days' notice, and there are no performance factors or share options involved in the compensation [3] Ventum Financial Corp. - Ventum is a privately owned corporation based in Toronto, Ontario, with operational functions in Vancouver, British Columbia, and is recognized as a leading independent investment advisory and capital markets firm in Canada [4] - Ventum is a dealer-member of the Canadian Investment Regulatory Organization (CIRO) and has a commitment to integrity and client service [4]