19:07:29 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Integrated Cyber Solutions Inc
Symbol ICS
Shares Issued 61,495,676
Close 2023-11-01 C$ 0.325
Market Cap C$ 19,986,095
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Integrated Cyber receives MCTO over late financials

2023-11-01 18:34 ET - News Release

Mr. Alan Guibord reports

INTEGRATED CYBER SOLUTIONS INC. GRANTED MCTO

Integrated Cyber Solutions Inc.'s principal regulator, the British Columbia Securities Commission, has granted a management cease trade order (the MCTO). As previously announced on Oct. 25, 2023, the company applied for the MCTO due to a delay in the filing of the company's annual financial statements, and accompanying management's discussion and analysis for the fiscal year ended June 30, 2023, which were due on Oct. 30, 2023.

During the MCTO, investors will continue to be able to trade in common shares in the capital of the Company listed on the Canadian Securities Exchange (the "CSE"). However, the MCTO restricts the Chief Executive Officer and Chief Financial Officer from all trading in securities of the Company until such time as the Annual Filings have been filed by the Company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company.

The Company and its auditors continue to work diligently toward completing the Annual Filings as soon as possible. The Company is not aware of any specific accounting or audit concerns at this time. The Company expects that it will be in a position to file the Annual Filings on or before November 15, 2023.

Until the Annual Filings are filed, the Company intends to comply with the provisions of the alternative information guidelines as set out in National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") for as long as it remains in default, including the issuance of bi-weekly default status reports in the form of a news release. The Company confirms that since the date of the Announcement: (i) there has been no material change to the information set out in the Announcement that has not been generally disclosed; (ii) there has not been any other specified default by the Company under NP 12-203; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

ABOUT Integrated Cyber

Integrated Cyber is a managed security service provider (MSSP) that humanizes cybersecurity managed services to the Small-to-Medium Business (SMB) and Small-to-Medium Enterprise (SME) sectors. The Company integrates capabilities from third-party cybersecurity providers, allowing companies to continuously adapt their services to evolving technologies and providers - ensuring customers have access to the latest cybersecurity solutions. Apart from providing essential cybersecurity services, Integrated Cyber's managed services and IC360 technology platform consolidate vast amounts of information to generate actionable intelligence from the numerous software point solutions within their customer's environments. The results enable simple, understandable, and actionable insights to help customers comprehend and better secure their organization. Integrated Cyber greatly emphasizes the human aspect of cybersecurity management, simplifying complex concepts, and highlighting the crucial role that employee behavior plays in a company's cyber defenses.

We seek Safe Harbor.

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