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Sparta Capital Faces Cease Trade Order Due to Filing Delays

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Sparta Capital Faces Cease Trade Order Due to Filing Delays

Sparta Capital ( (TSE:SAY) ) has shared an update.

Sparta Capital has announced a Cease Trade Order issued by the Alberta Securities Commission due to the company’s failure to file its annual financial statements by the deadline. This order restricts all trading in Sparta’s securities until the required filings are completed, which the company aims to achieve before the second quarter of 2025. The delay is attributed to an overload of work for both Sparta and its auditors. Sparta is working diligently with its audit team to finalize the filings and intends to comply with the Alternative Information Guidelines in the meantime.

More about Sparta Capital

Sparta Group, also known as Sparta Capital Ltd., is a technology-based company that integrates emerging technologies through a decentralized business model. It operates in three divisions: Environment, Health, and Transportation. The Environment division, ERS International, focuses on waste management with proprietary e-waste processing technologies and a unique carbon credit program. The Health division leverages AI, ML, and AR to enhance personalized patient care. The Transportation division offers a comprehensive suite of products and services under TruckSuite™.

Average Trading Volume: 1,500

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.61M

For detailed information about SAY stock, go to TipRanks’ Stock Analysis page.

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