Mr. Gabriel Kabazo reports
SOLID IMPACT INVESTMENTS CORP. ANNOUNCES ADOPTION OF SEMI-ANNUAL REPORTING
Solid Impact Investments Corp. has adopted a semi-annual financial reporting 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 allows eligible venture issuers to voluntarily
move from a quarterly to a semi-annual financial reporting framework.
Transition details
Solid's fiscal year ends on May 31. Under the SAR framework, the company will be exempt from filing interim financial reports and related management discussion & analysis for its first and third quarters for so long as it continues to meet eligibility criteria under CBO 51-933.
By adopting the SAR,
Solid
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 first quarter ending Aug. 31, 2026, and for the third quarter ending Feb. 28, 2027.
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Continuing reporting:
Solid
will continue to file audited annual consolidated financial statements (due within 120 days of May 31, 2027) and six-month interim financial reports (due within 60 days of Nov. 30, 2026).
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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.
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Eligibility:
Solid
confirms it meets the pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10-million and maintaining a clean 12-month continuous disclosure record.
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Continued participation: Should the company cease to continue participating in the SAR pilot program, it will announce it in a future news release.
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