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PlasCred Seeks Extension for Financial Disclosure Amid Audit Delays

Story Highlights
  • PlasCred is focused on transforming plastic waste into valuable resources with innovative technology.
  • PlasCred applied for an extension to file financial reports due to audit delays, impacting compliance and transparency.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Cover Technologies ( (TSE:PLAS) ) has issued an announcement.

PlasCred Circular Innovations Inc. has applied for a two-week extension to file its continuous disclosure reports due to a delay in paying its auditors, which postponed the audit of its annual financial statements. The company has since settled its dues, allowing the audit to proceed, and plans to file the required reports by May 14, 2025. During this period, management is prohibited from trading in company securities. The extension request and subsequent actions are crucial for maintaining compliance and transparency, impacting stakeholder trust and operational continuity.

More about Cover Technologies

PlasCred Circular Innovations Inc. is a company focused on transforming plastic waste into valuable resources, aiming to become a leading advanced plastic waste upcycler in North America and globally. The company utilizes groundbreaking patent-pending technology to revolutionize plastic waste management and upcycling, and it is developing strategic partnerships with CN Rail, Palantir Technologies Inc., and Fibreco Export Inc. to enhance its operational intelligence and logistics support.

YTD Price Performance: 62.50%

Average Trading Volume: 198,959

Technical Sentiment Signal: Buy

Current Market Cap: C$3.16M

See more data about PLAS stock on TipRanks’ Stock Analysis page.

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