Magnetic North Acquisition (TSE:MNC) has released an update.
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Magnetic North Acquisition Corp. has announced a restatement of its 2022 financial statements due to a reclassification of its Series A Preferred Shares, and aims to file the revised documents by July 15, 2024. This follows a management cease trade order issued due to a delay in filing its 2023 annual financial reports. The company assures no other material changes have occurred apart from the restatement and remains transparent through bi-weekly updates.
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