An anonymous director reports
SHIFTCARBON - FAILURE-TO FILE CEASE TRADE ORDER UPDATE
Shiftcarbon Inc. (formerly TraceSafe)
has provided an update to its shareholders
and investing public on the status of the failure-to-file cease trade order issued
under Multilateral Instrument 11-103 -- Failure-to-File Cease Trade Orders in Multiple
Jurisdictions.
As previously announced on April 28, 2023, and as further updated on May 12, 2023
and June 5, 2023, the company
anticipated a delay in the filing of its financial statements, the accompanying
management's discussion and analysis for the year ended Dec. 31, 2022, and
CEO (chief executive officer) and CFO (chief financial officer) certifications of the annual filings for the year ended Dec. 31,
2022.
The Ontario Securities Commission (OSC) issued a failure-to-file cease trade
order (FFCTO) on May 5, 2023, due to delays in filing the annual filings in
accordance with regulations.
The company is working diligently with its auditor to complete the remaining audit
and anticipates that it will complete the annual filings on or before July 30, 2023.
In the interim, the company continues to operate normally and without disruption.
The company also confirms, as of the date of this news release, that there is no
other material information concerning the affairs of the company that has not been
generally disclosed as of the date of this press release.
About Shiftcarbon
Inc.
Shiftcarbon provides an innovative platform for carbon accounting, offsets and MRV (measurement, reporting and verification) automation. Businesses can use Shiftcarbon Measure to view a complete picture of their carbon emissions, without the need to hire external consultants or use manual calculations. Shiftcarbon Offset provides enterprises with powerful APIs that allow customers to embed carbon offsets into their business.
Shiftcarbon also operates TraceSafe, a leading Internet of Things cloud platform. The solution uses sensor technology to deliver precise and timely information, powering safer and smarter enterprise environments. With a presence across North America, Asia and Europe, TraceSafe is trusted by leading organizations in health care, hospitality, construction, events, education and government.
We seek Safe Harbor.
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