Volatus Aerospace Faces Cease Trade Order

Volatus Aerospace Corp (TSE:VOL) has released an update.

Volatus Aerospace Corp has been hit with a cease trade order after failing to meet the regulatory deadline for filing their annual financial statements for 2023. The delay was attributed to auditing complexities and internal quality control requirements following their transition to a larger audit firm. The company is working to resolve the issue and expects to file the necessary documents soon, although there’s no guarantee on the timeline for lifting the trade ban.

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