tiprankstipranks
BlockchainK2 Seeks Management Cease Trade Order for Financial Statement Delay
Company Announcements

BlockchainK2 Seeks Management Cease Trade Order for Financial Statement Delay

Story Highlights
  • BlockchainK2 applies for a Management Cease Trade Order due to late financial statements.
  • CEO and CFO trading restricted, but public trading unaffected; resolution expected by March 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Stay Ahead of the Market:

An announcement from BlockchainK2 ( (TSE:BITK) ) is now available.

BlockchainK2 Corp has applied for a Management Cease Trade Order (MCTO) due to the anticipated late filing of its annual audited financial statements for the year ended September 30, 2024. The delay is attributed to the company’s auditors needing more time due to capacity constraints. The MCTO, if granted, will restrict trading by the company’s CEO and CFO but will not affect public trading of its securities. The company aims to resolve the issue by March 28, 2025, and intends to comply with alternative information guidelines as necessary.

More about BlockchainK2

BlockchainK2 Corp operates in the blockchain industry, focusing on the development and management of blockchain assets and technologies. It is involved in providing innovative solutions and services that leverage blockchain technology across various sectors.

YTD Price Performance: -6.85%

Average Trading Volume: 3,078

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.91M

For a thorough assessment of BITK stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App

Latest News Feed

More Articles