Mr. Jeffrey Carlson reports
METAVISTA PROVIDES SECOND BI-WEEKLY MCTO STATUS UPDATE
Metavista3D Inc. is providing this biweekly default status report in accordance with National Policy 12-203, Management Cease Trade Order, with respect to the previously announced management cease trade order (MCTO) issued by the British Columbia Securities Commission, as principal regulator, on May 1, 2025.
On May 2, 2025, the company announced that, for reasons disclosed in the news release, there would be a delay in the filing of its financial statements and accompanying management's discussion and analysis for the fiscal year ended Dec. 31, 2024, beyond the period prescribed under applicable Canadian securities laws. The company confirms that it is actively working with its audit team to complete the annual filings, which will be filed as soon as possible. Subject to current conditions remaining the same, the company remains confident in its ability to complete the annual filings before the June 30, 2025, deadline.
The company also announces that the filing of its unaudited interim financial statements, management's discussion and analysis, and related chief executive officer and chief financial officer certifications, for the three months ended March 31, 2025, will be delayed beyond the filing deadline of May 30, 2025, as a result in the delay in completing the annual filings. The company expects that the interim filings will be filed within five business days from the date the annual filings are completed. Further updates on timing will be provided by the company as necessary.
The company confirms that since the date of the default announcement: (i) other than as described above, there has been no material change to the information set out in the default announcement that has not been generally disclosed; (ii) there has been no failure by the company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default by the company under NP 12-203; and (iv) there is no material information concerning the affairs of the company that has not been generally disclosed.
During the MCTO, the general investing public will continue to be able to trade in the company's listed common shares. However, the company's CEO and CFO will not be able to trade in the company's common shares.
The company confirms that it intends to satisfy the provisions of NP 12-203 and will continue to issue biweekly default status reports for so long as it remains in default of the annual filings requirement.
About Metavista3D Inc.
Metavista3D, through its wholly owned subsidiary, psHolix AG, is developing AI-driven (artificial intelligence), pseudo-holographic display technologies aimed at enabling glasses-free 3-D visualization of spatial content. The company holds a portfolio of over 20 patents related to this technology.
Metavista3D's shares are publicly traded and listed in Canada on the TSX Venture Exchange under the ticker symbol DDD, and on the German Stock Exchange in Frankfurt and others under the ticker symbol E3T.
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