Mr. Samer Bishay reports
ADYA ANNOUNCES DELAY IN FILING YEAR END 2025 FINANCIAL STATEMENTS AND MD&A
Adya Inc. will temporarily delay filing of its audited financial statements, management's discussion and analysis, and chief executive officer and chief financial officer certificates for year ended Dec. 31, 2025, by the prescribed filing deadline of April 30, 2026.
The temporary delay is due to a transition to new auditor. The delay is not due to any unresolved accounting matters, disagreements with the company's auditor or other disclosure deficiencies. Adya is working diligently with its auditor and expects to complete the required disclosure by approximately May 8, 2026.
Adya confirms it has sufficient financial and human resources to complete the audit, and the company is not subject to any insolvency proceedings and is not aware of any material information concerning its affairs that has not been generally disclosed. The company continues to operate normally and remains in compliance with all other continuous disclosure obligations.
As a result of the delay, the company expects to be noted in default by applicable securities regulatory authorities in Canada, and the Ontario Securities Commission, as principal regulator, will issue a failure-to-file cease trade order in accordance with National Policy 11-207 (Failure to File Cease Trade Orders and Revocations) in multiple jurisdictions of the Canadian Securities Administrators. The CTO is expected to prohibit any trading in securities of the company for so long as it remains in effect and in all Canadian jurisdictions in which the company is a reporting issuer, as well as in certain other Canadian jurisdictions based on the provisions of local securities legislation. The CTO is also expected to result in the suspension of the company's shares from trading on the TSX Venture Exchange until the CTO is revoked and all TSX-V requirements are satisfied.
About Adya Inc.
Adya is a publicly traded holding company, with offices located in Toronto, Canada, and currently a strategic shareholder in telecommunications and technology companies.
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