18:59:04 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Impact Analytics Inc
Symbol PACT
Shares Issued 27,392,540
Close 2024-02-29 C$ 2.05
Market Cap C$ 56,154,707
Recent Sedar Documents

Impact Analytics notes change of business, CTO expires

2024-03-18 17:38 ET - News Release

Mr. Eric Entz reports

IMPACT ANALYTICS DESCRIBES CHANGE OF BUSINESS AND ANNOUNCES EXPIRATION OF INTERIM CEASE TRADE ORDER

Impact Analytics Inc., at the behest of the Canadian Securities Exchange, has issued this news release to describe its current business, which represents a change from its prior business. The prior business was focused primarily on the formation of subsidiaries and the sale of minority interests in such subsidiaries to companies looking to raise funds from investors wishing to use their registered funds, such as RRSPs (registered retirement savings plans) and TFSAs (tax-free savings accounts).

Under its current business, the company aims to provide risk assessment, data intelligence and financial services platforms powered by AI (artificial intelligence). To this end, the company is engaged in building a proprietary product stack to optimize and streamline financial decision making for enterprises and individuals. Specifically, the company is currently developing three commercial projects: two market entry applications: Credissential, Lana Cash and the PACT platform. These projects are described in recent company news releases and in the AIF (annual information form) described below.

The company notes that it voluntarily published, under its profile on SEDAR+, an annual information form, which includes disclosure regarding the current business and its products under development. Investors are encouraged to read the AIF. The company also notes that it is in the process of completing and filing a new CSE Form 2A listing statement relating to its current business. The company will announce when the new listing statement has been filed.

The company is also pleased to announce that an Alberta Securities Commission (ASC) panel has sided with the company, dismissing an application by ASC staff for the extension of the interim cease trade order (ICTO) that had been issued against the company on Feb. 29, 2024 (please see the ASC's news release dated March 15, 2024, available on-line). As a result, the company expects its common shares to resume trading on the CSE on March 19, 2024. The company wishes to thank shareholders for their continued support.

About Impact Analytics Inc.

Impact Analytics is a risk assessment, data intelligence and financial services platform powered by AI. The company is building a proprietary product stack to optimize and streamline financial decision making for enterprises and individuals.

We seek Safe Harbor.

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