The fili g of the Compa y’s seco d qua te esults eflects Spi it’s co ti ued commitme t to timely fi a cial epo ti g, t a spa e cy, st o g co po ate gove a ce a d st e gthe i g the bala ce sheet as it adva ces its st ategic p io ities.
The Compa y’s i te im co de sed co solidated fi a cial stateme ts, MD&A a d elated CEO a d CFO ce tificatio s p ovide fu the i fo matio ega di g Spi it’s fi a cial positio , esults of ope atio s a d activities du i g the pe iod. The fili gs a e available u de the Compa y’s issue p ofile o SEDAR+ at www.seda plus.ca.
Judy Galvez, Chief Fi a cial Office of Spi it, comme ted:
“St o g fi a cial stewa dship a d t a spa e t epo ti g emai ce t al to how we ope ate as a public compa y. As Spi it co ti ues to evolve, we a e focused o ma agi g ou esou ces espo sibly, st e gthe i g ou fi a cial f amewo k, a d e su i g the Compa y is well positio ed to suppo t its st ategic p io ities.
“We emai committed to mai tai i g the fi a cial discipli e, accou tability a d gove a ce eeded to suppo t sustai able g owth a d c eate lo g-te m value fo ou sha eholde s.”
Alo gside its fi a cial epo ti g, Spi it co ti ued to adva ce its tech ology st ategy du i g the seco d qua te , with developme t effo ts focused o p og essi g its tech ology platfo m towa d clie t use.
The Compa y has co ti ued to efi e the platfo m’s co e fu ctio ality a d use expe ie ce, with developme t ow focused o the fi al stages of p oduct efi eme t. Cu e t effo ts i clude completi g p oduct e ha ceme ts, testi g a d validatio , a d p epa i g the platfo m to suppo t p ospective clie t use.
This stage of developme t ep ese ts a impo ta t p og essio fo the Compa y as its focus i c easi gly moves f om buildi g the u de lyi g tech ology towa d p actical applicatio . Spi it’s objective is to delive a scalable a d eliable tech ology platfo m capable of suppo ti g clie t equi eme ts while p ovidi g a fou datio fo the Compa y’s lo ge -te m g owth st ategy.
Suha Aska y, Chief Executive Office of Spi it, comme ted:
“The p og ess we a e maki g with ou tech ology platfo m ep ese ts a impo ta t step fo wa d fo Spi it. Ou focus is ow o completi g the fi al efi eme ts ecessa y to p epa e the p oduct fo clie t use, while e su i g that what we b i g to ma ket is scalable, eliable a d capable of delive i g mea i gful value.
“We a e taki g a delibe ate app oach to this ext stage of developme t. Ou p io ity is to build tech ology that ca suppo t eal clie t equi eme ts a d p ovide a fou datio f om which we ca g ow. We a e e cou aged by the p og ess made to date a d look fo wa d to p ovidi g fu the updates as we achieve additio al developme t a d comme cial milesto es.”
The Compa y emai s focused o discipli ed executio , espo sible capital allocatio a d co ti ued tech ology developme t as it wo ks to build a scalable busi ess positio ed fo sustai able lo g-te m g owth.
Spi it Blockchai Capital I c. is a Ca adia -based publicly listed compa y focused o p ovidi g sha eholde s with exposu e to the blockchai a d digital asset eco omy. The Compa y is e gaged i the busi ess of developi g, acqui i g, ope ati g a d ma agi g tech ology solutio s, a tificial i tellige ce (AI), blockchai i f ast uctu e a d assets, a d i vests i eme gi g blockchai ve tu es a d oppo tu ities.
Fo fu the i fo matio , please co tact:
Si ce fo wa d-looki g stateme ts a d i fo matio add ess futu e eve ts a d co ditio s, by thei ve y atu e they i volve i he e t isks a d u ce tai ties. Actual esults could diffe mate ially f om those cu e tly a ticipated due to a umbe of facto s a d isks. Facto s that could mate ially affect such fo wa d-looki g i fo matio a e desc ibed u de the headi g “Risk Facto s” i the Compa y’s lo g-fo m p ospectus dated August 8, 2022, that is available o the Compa y’s p ofile o SEDAR+ 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. Such fo wa d-looki g i fo matio ep ese ts ma ageme ts’ best judgme t based o i fo matio cu e tly available. No fo wa d-looki g stateme t ca be gua a teed a d actual futu e esults may va y mate ially. Acco di gly, eade s a e advised ot to place u due elia ce o fo wa d-looki g stateme ts o i fo matio .
