Xcyte Digital Announces Delay in Filling Fiscal 2024 and Q1 Fiscal 2025 Financial Results and Cease Trade Order

Associated Press

11-04-2025

POMPANO BEACH, FLORIDA / ACCESS Newswire / April 11, 2025 / Xcyte Digital Corp. (TSXV:XCYT) ('Xcyte', or the 'Company'), a trusted global events technology company, specializing in next-generation event solutions, discloses today that the filing of its annual financial statements for the fiscal year ended September 30, 2024, the related management's discussion and analysis and the related officer certifications of the annual filings and for Q1 Fiscal 2025 (collectively, the '2024 Annual Financial Filings' and 'Q1 2025 Financial Filings') were not completed by the deadline of January 28, 2025, and March 3, 2025 respectively (the 'Filing Deadlines'). As a result, before markets opened on April 9, 2025, the Canadian Investment Regulatory Organization issued a cease trade order (the 'Cease Trade Order') against the Corporation and its securities have been halted from trading on the TSX Venture Exchange.
The Company agrees with the Canadian Investment Regulatory Organization with this Cease Trade Order as current public information does not adequately reflect the Company's performance as a result of its recent acquisitions.
The Company is working diligently and expeditiously with MNP in order to complete the 2024 Annual Financial Filings and Q1 2025 Financial Filings as soon as practicable, and integrate disparate internal systems to ensure future filing deadlines are met. The Company currently anticipates that it will be in a position to remedy any filing defaults and return to compliance by completing the 2024 Annual Financial Filings and Q1 2025 Financial Filingson or before April 30, 2025.
About Xcyte Digital Corp.
Xcyte Digital Corp. (TSXV:XCYT) is a trusted global events technology partner, specializing in next generation event technology for physical, hybrid, virtual, immersive and phone-based events. Combining proprietary technology with a robust partner ecosystem, Xcyte offers both do-it-yourself and managed services, ensuring secure and scalable solutions worldwide. Thousands of clients, from innovative startups to major corporations, rely on Xcyte's cost-effective, multi-platform subscription model to meet their event needs. Xcyte Digital is headquartered in Canada and the USA, with operations across the globe. Visit us at xcytedigital.com.
For more information contact:
Xcyte Digital Corp.
Randy Selman, Chief Executive Officer and Director
Phone: [phone]
Email: [email protected]
Investor Relations
Nikhil Thadani, Sophic Capital
Email: [email protected]
Phone: [phone]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release constitute forward-looking statements or information under Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as 'will', 'expects', 'anticipates' or variations of such words and phrases or statements that certain actions, events or results 'will' occur. In particular, ‎forward-looking ‎statements in this release include statements regarding the anticipated timing for the filing of the Annual and Q1 Filings. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including that the Annual and Q1 Filings may not be completed in the time anticipated. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company cautions readers of this news release not to place undue reliance on the forward-looking statements contained in this release as many factors could cause actual results or conditions to differ materially from current expectations. Additional information on these and other risk factors that could affect the Company's operations are outlined in the Company's continuous disclosure documents that can be found on SEDAR+ ( www.sedarplus.ca ) under Xcyte's issuer profile. Xcyte does not intend and disclaims any obligation, except as required by law, to update or revise any forward-looking statements, whether because of new information, future events, or otherwise.
SOURCE: Xcyte Digital
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