Mr. Yossi Lapovsky reports
EVENTER TECHNOLOGIES LTD. ANNOUNCES ADOPTION OF SEMI-ANNUAL REPORTING
Eventer Technologies Ltd. has adopted a semi-annual financial reporting (SAR) framework, effective immediately. This change is being made pursuant to the Coordinated Blanket Order 51-933 -- Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (CBO 51-933).
CBO 51-933 allows eligible venture issuers to voluntarily
move from a quarterly to a semi-annual financial reporting framework.
Transition details --
Eventer's fiscal year ends on Dec. 31. Under the SAR framework, the company will be exempt from filing interim financial reports and related management discussion and analysis (MD&A) for its first and third quarters for so long as it continues to meet eligibility criteria under CBO 51-933.
By adopting the SAR,
Eventer
aims to reduce the administrative and financial burden associated with quarterly reporting, allowing management to focus resources on advancement of different projects.
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Initial interim period: The company will not file an interim report for the third quarter (Q3) ending Sept. 30, 2026, and for the first quarter (Q1) ending March 31, 2027.
- Continuing reporting:
Eventer
will continue to file audited annual consolidated financial statements (due within 120 days of Dec. 31, 2026), and six-month interim financial reports (due within 60 days of June 30).
-
Continued disclosure: The company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102.
-
Eligibility:
Eventer
confirms it meets the pilot program's eligibility criteria, which includes being a venture issuer with annual revenues of less than $10-million and maintaining a clean 12-month continuous disclosure record.
-
Continued participation: Should the company cease to continue participating in the SAR pilot program, it will announce it in a future news release.
About Eventer
Technologies Ltd.
Eventer is an Israeli technology company operating a software-as-a-service-based platform for the management and sale of tickets for live events, including performances, festivals, conferences, lectures, courses, nightlife events and other consumer experiences. The company provides event organizers with an end-to-end operational platform designed to support the full life cycle of an event, including ticket sales management, attendee administration, marketing tools, customer support services and event-entry solutions. In addition to its software platform, Eventer provides ancillary services to organizers,
including sales and marketing support and secure payment processing solutions through third party
service providers.
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