tiprankstipranks
LUXXFOLIO Faces Filing Delays and Secures Bridge Loan
Company Announcements

LUXXFOLIO Faces Filing Delays and Secures Bridge Loan

Story Highlights

Invest with Confidence:

An announcement from Luxxfolio Holdings Inc ( (TSE:LUXX) ) is now available.

LUXXFOLIO Holdings Inc. has announced a delay in filing its audited annual financial statements for the year ended August 31, 2024. The British Columbia Securities Commission issued a management cease trade order (MCTO) on January 2, 2025, affecting only the company’s Chief Executive Officer and Chief Financial Officer. To address the delay, LUXXFOLIO has secured a $30,000 bridge loan from Cypress Hills Partners Inc. The company anticipates completing the required filings by February 7, 2025, and assures stakeholders that no material changes have occurred since the last update.

More about Luxxfolio Holdings Inc

LUXXFOLIO Holdings Inc. operates within the financial industry, focusing on managing and trading securities. The company is involved in providing updates related to its financial document filings and regulatory compliance.

YTD Price Performance: 25.00%

Average Trading Volume: 311,237

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$2.17M

For an in-depth examination of LUXX 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