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Yahoo
29-05-2025
- Business
- Yahoo
Stardust Solar Updates Status of Filing Annual Financial Statements
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) ("Stardust Solar" or the "Company"), a leading provider of residential solar energy solutions, announces, further to its news releases of May 1 and 15, 2025, that the Company's principal regulator, the British Columbia Securities Commission (the "Commission"), granted a management cease trade order (the "MCTO") on May 1, 2025, under National Policy 12-203 Management Cease Trade Orders ("NP 12-203"). The MCTO prohibits the Company's Chief Executive Officer and the Chief Financial Officer from trading in the Company's securities until the Company files its audited annual financial statements for the year ended December 31, 2024, management's discussion and analysis together with the related certifications (collectively the "Required Documents") and the Commission revokes the MCTO. The MCTO does not affect the ability of other shareholders to trade their securities. The Company's Board of Directors and management continue to work diligently to complete and file the Required Documents. The Company also confirms that since its press release dated May 15, 2025, there is no material information concerning its affairs that has not been generally disclosed. Until the Required Documents are filed, the Company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing bi-weekly default status reports in the form of further press releases for so long as it remains in default of its financial statement filing requirements. About Stardust Solar Stardust is a North American franchisor of renewable energy installation services, including solar panels (PV), energy storage systems, and electric vehicle supply equipment. Stardust lends its brand and business management services to entrepreneurs looking to enter the renewable energy industry. Stardust franchisees install and maintain clean energy systems for residential and commercial purposes. As a franchisor, Stardust supplies its franchisees with the following products: solar PV equipment, energy storage equipment, and electric vehicle supply equipment. In addition, Stardust supports its franchisees with many services from corporate headquarters, including marketing, sales, engineering, plan sets, customer service, and project management. Media and Investor Contacts: Mark TadrosChief Executive Officer, Chairman and Director For further information or media requests, please contact: Steve RickabyDirector of Communications and Investor RelationsStardust Solar Energy 1-672-472-1345Steve@ 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. The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release. This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Forward looking statements made in this news release include the anticipated filing date of the Annual Financial Filings. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, availability of funds, personnel and other resources necessary to conduct the business activities of the Company. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-05-2025
- Business
- Yahoo
Stardust Solar Announces Delay in Filing Annual Financial Statements
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) ("Stardust Solar" or the "Company"), a leading provider of residential solar energy solutions, announces that its audited annual financial statements for the year ended December 31, 2024, including the related management discussion and analysis, and Chief Executive Officer and Chief Financial Officer certifications (collectively, the "Annual Financial Filings") were not filed by the required filing deadline of April 30, 2025 (the "Filing Deadline"). The Annual Financial Filings were not filed on or before the Filing Deadline as the Company has had a new management team since late 2024 following the closing of the qualifying transaction. The Company's auditors have advised that they require additional time to complete the audit. The Company is working on the steps required to complete the Annual Financial Filings and expects to be able to file the Annual Financial Filings by June 30, 2025. The Company will provide updates as further information relating to the Annual Financial Filings becomes available. The Company has voluntarily applied to the applicable securities regulatory authorities and received a management cease trade order ("MCTO") imposed against the Chief Executive Officer and Chief Financial Officer of the Company precluding them from trading securities of the Company. The MCTO will be in effect until the Annual Financial Filings are filed and requires that the Annual Financial Filings be filed on or before June 30, 2025. Until the Annual Financial Filings are filed, the Company intends to issue bi-weekly default status reports in accordance with National Policy 12-203 - Management Cease Trade Orders. The Company intends to satisfy the provisions of the Alternative Information Guidelines during the period it remains in default of the filing requirements. The Company confirms that there is no other material information relating to its affairs that has not been generally disclosed. About Stardust Solar Stardust is a North American franchisor of renewable energy installation services, including solar panels (PV), energy storage systems, and electric vehicle supply equipment. Stardust lends its brand and business management services to entrepreneurs looking to enter the renewable energy industry. Stardust franchisees install and maintain clean energy systems for residential and commercial purposes. As a franchisor, Stardust supplies its franchisees with the following products: solar PV equipment, energy storage equipment, and electric vehicle supply equipment. In addition, Stardust supports its franchisees with many services from corporate headquarters, including marketing, sales, engineering, plan sets, customer service, and project management. Media and Investor Contacts: Mark TadrosChief Executive Officer, Chairman and Director For further information or media requests, please contact:Steve Rickaby, Investor Relations and Communications: steve@ t: (672) 472-1345 Email: investors@ 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. The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release. This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Forward looking statements made in this news release include the anticipated filing date of the Annual Financial Filings. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, availability of funds, personnel and other resources necessary to conduct the business activities of the Company. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws. To view the source version of this press release, please visit
