Ove the comi g mo th, the Compa y i te ds to adva ce a p oposed ame cha ge to Heatcheck a d est uctu i g oppo tu ities i volvi g u used assets while wo ki g to complete its outsta di g audited a ual fi a cial stateme ts.
The Compa y also a ou ces that o Novembe 3, 2026 the B itish Columbia Secu ities Commissio (“BCSC”) has issued a failu e-to-file cease t ade o de (“CTO”) agai st the Compa y u de Multilate al I st ume t 11-103 – Failu e-to-File Cease T ade O de s i Multiple Ju isdictio s, esulti g i a halt i t adi g of its commo sha es o the Ca adia Secu ities Excha ge (“CSE”). The Compa y’s boa d of di ecto s a d its ma ageme t a e wo ki g dilige tly to meet the Compa y’s obligatio s elati g to the fili g of the Requi ed Fili gs as soo as possible, a d seek evocatio of the CTO a d CSE app oval to esume t adi g.
The p oposed ame cha ge to Heatcheck is i te ded to alig the Compa y’s co po ate ide tity with its gami g busi ess a d st ategic di ectio . The Compa y i te ds to adva ce the cha ge ove the comi g mo th, subject to applicable co po ate a d egulato y app ovals, a d will a ou ce the effective date a d a y associated ticke cha ge o ce co fi med.
Ma ageme t is also eviewi g oppo tu ities to est uctu e u used assets with the objective of educi g debt a d simplifyi g the Compa y’s co po ate st uctu e. These effo ts a e i te ded to educe obligatio s associated with assets that a e ot co t ibuti g to cu e t ope atio s a d focus esou ces o the Compa y’s active busi esses. Fu the details will be a ou ced as t a sactio te ms a d app ovals a e fi alized.
“While we co ti ue to wo k with ou fi a ce team a d i depe de t audito s to complete the p epa atio a d audit of the fi a cial stateme ts, we will use this time to adva ce c ucial p io ities to st e gthe the Compa y, i cludi g completi g ou eb a d to Heatcheck a d evaluati g the best optio s fo est uctu i g o -co e assets ca yi g liabilities,” said A d ew Sho e, Chief Executive Office .
The CTO was issued followi g the Compa y’s failu e to file its audited co solidated fi a cial stateme ts fo the yea e ded Ju e 30, 2026, elated ma ageme t’s discussio a d a alysis a d ma ageme t ce tificatio s by the p esc ibed deadli e (collectively, the “Requi ed Fili gs”).
Completio of the audit has bee delayed by outsta di g fi a cial i fo matio f om a ope ati g subsidia y followi g a cha ge i that subsidia y’s fi a ce team. Ma ageme t is wo ki g with the bookkeepi g team to obtai the emai i g i fo matio equi ed by the audito s a d complete the Requi ed Fili gs.
Boba Mi t Holdi gs Ltd. is a gami g a d digital tech ology compa y pu sui g a p oposed t a sitio to the Heatcheck ame to alig its co po ate ide tity with its gami g busi ess.
Boba Mi t Holdi gs Ltd.A d ew Sho eChief Executive Office +1-647-548-8335
Neithe the Ca adia Secu ities Excha ge o its Regulatio Se vices P ovide accepts espo sibility fo the adequacy o accu acy of this elease.
This ews elease co tai s fo wa d-looki g i fo matio withi the mea i g of applicable secu ities legislatio , i cludi g stateme ts ega di g the p oposed Heatcheck ame a d pote tial ticke cha ge; est uctu i g of u used assets a d pote tial debt eductio ; timi g a d completio of these i itiatives; expected fili g of the Requi ed Fili gs; evocatio of the CTO; a d esumptio of t adi g o the CSE.
Fo wa d-looki g i fo matio eflects ma ageme t’s cu e t expectatio s a d is based o assumptio s i cludi g the timely availability of fi a cial i fo matio a d audit esou ces, the ability to egotiate acceptable est uctu i g te ms a d eceipt of ecessa y co po ate, egulato y a d excha ge app ovals. Actual esults may diffe mate ially due to isks i cludi g fu the audit o fili g delays, a i ability to complete est uctu i g t a sactio s o achieve debt eductio s, fi a ci g co st ai ts, delays i app ovals a d failu e to satisfy the equi eme ts fo evocatio of the CTO o esumptio of t adi g.
The e ca be o assu a ce that these i itiatives will be completed withi the a ticipated timef ame o at all. Reade s should ot place u due elia ce o fo wa d-looki g i fo matio . Additio al isks a e desc ibed i the Compa y’s public fili gs available at www.seda plus.ca. The Compa y u de takes o obligatio to update fo wa d-looki g i fo matio except as equi ed by applicable law.
View the o igi al p ess elease o ACCESS Newswi e
