Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Magnetic North Acquisition ( (TSE:MNC) ) has shared an update.
Magnetic North Acquisition Corp. has been granted a management cease trade order (MCTO) by the Alberta Securities Commission due to a delay in filing its annual audited financial statements for the year ended December 31, 2024. This order restricts trading by the company’s Co-Chief Executive Officers and Chief Financial Officer until the filings are complete, expected by June 30, 2025. The MCTO does not affect non-insider shareholders, but the company remains committed to compliance with alternative information guidelines and will provide updates through bi-weekly default status reports.
More about Magnetic North Acquisition
Magnetic North Acquisition Corp. invests in and manages businesses, leveraging its management, operations, and capital markets expertise to ensure the success of its investee companies. With offices in Calgary and Toronto, the company trades its common and preferred shares on the TSX Venture Exchange under the symbols MNC and MNC.PR.A, respectively.
Average Trading Volume: 27,020
Technical Sentiment Signal: Buy
Current Market Cap: C$7.68M
Learn more about MNC stock on TipRanks’ Stock Analysis page.