Apex Trader Funding - News
INTERFIELD GLOBAL SOFTWARE INC. ANNOUNCES FILING OF REQUIRED CONTINUOUS DISCLOSURES AND RESTATEMENT OF FINANCIAL STATEMENTS
VANCOUVER, BC, June 14, 2024 /CNW/ - Interfield Global Software Inc. (Cboe CA: IFSS) (the "Company") is pleased to announce that it has filed its (i) audited annual financial statements, management's discussion and analysis ("MD&A"), annual information form and related certifications for the year ended December 31, 2023 (collectively, the "Annual Filings"); and (ii) interim financial statements, MD&A and related certifications for the three months ended March 31, 2024 (collectively, the "Interim Filings").
As more particularly set out in the Company's news releases dated April 1, 2024 and June 6, 2024, on April 8, 2024 the British Columbia Securities Commission ("BCSC") as the principal regulator of the Company issued a failure-to-file cease trade order (the "FFCTO") under National Policy 11-207 Failure-To-File Cease Trade Orders And Revocations In Multiple Jurisdictions ("NP 11-207") as a result of the Company's failure to file its Annual Filings on or before April 2, 2024, as required under applicable securities laws. With the Annual Filings and Interim Filings now completed, the Company is up-to-date with its continuous disclosure obligations and will work with the BCSC towards a full revocation of the FFCTO. There can be no assurance, however, that a full revocation of the FFCTO will be granted and all of the Company's securities will remain subject to the FFCTO until it is fully revoked.
Copies of the Annual Filings and the Interim Filings are available under the Company's profile on SEDAR+ at www.sedarplus.com.
Restatement of Financial Statements
Subsequent to the completion of the reverse takeover transaction ("RTO") of the Company with Interfield Solutions Ltd ("Interfield") on February 15, 2023, the Company filed the audited consolidated annual financial statements of Interfield (being the RTO acquirer) for the year ended December 31, 2022 on March 31, 2023 ("2022 Subsidiary Financial Statements"). The Company has decided to restate the 2022 Subsidiary Financial Statements (the "2022 Restatement") and therefore the 2022 Subsidiary Financial Statements cannot be relied upon. Similarly, any previously issued or filed reports, press releases, investor presentations or other Company communications describing the financial results or other financial information in connection with the 2022 Subsidiary Financial Statements should no ...